OCBC Blue chip investment plan

[Happyscorpio]

Hi all, im a newbie in terms of investing esp in dividend stocks.

Im thinking of using OCBC blue chip investment plan to hantum 1 lump sum of $20k then DCA monthly of $500.

Im looking at UOB (U11) and OCBC (039) shares. Their dividend payout is not bad at 3.5% PA tentatively.

I understand tat passive income frm the above dividend stocks are not taxable right? Please correct me if im wrong.

Many thks in advance to all for your time.

 

[Cobra!]

Dividends from the stocks you've listed are not taxable in Singapore.

As for the rest, I defer to our more enlightened forumers.

 

[Happyscorpio]

Dividends from the stocks you've listed are not taxable in Singapore.

As for the rest, I defer to our more enlightened forumers.

Thks bro for ur quick reply!

 

[thelittlemonkeye]

Hi happyscorpio. There are much better ways to make your money work for you!! If you still want the blue chip, I would say just put a small amount, maybe maximum 10% of your portfolio. For the rest, I suggest looking around at the global marketplace, various ETF's etc. It is still possible to get above 3.5%p.a. easily in this environment. I'm just treating dividend companies like perpetual bonds now, so they won't be a large part of my portfolio. Just my 2cents, I guess safety always comes first!

 

[duhduhduh]

Hmm

Just food for thought, do you want to consider to 'DCA manually' by yourself?

Note the fees below for BCIP plan:

• 0.3% of the total investment amount or S$5 per counter, whichever is higher.

0.3% of 500$ monthly is only SGD 1.50, hence you will be paying additional 3.50 every month for 1 counter. 3.50 * 12 = $42 per year (for 1 counter).
If you are getting 2 counters, it will be 84$.

If you DCA yourself via other brokers like FSM / DBS Vickers, you can do it on a quarterly basis which will reduce the fees.

 

[iwaniwan]

Hello All,

Any idea - is there a new service charges for Blue Chips investment plan by OCBC ?

Just recieved my monthly stmt - as there a drop in Invested Amt.

 

[elvintay07]

BCIP is a good plan with **** offerings
(1) Singapore - anytime can DCA till Hong gan
(2) Prices are ****ing expensive. Lim Peh feel every trade should only charge $0.30 (like interactive brokers). Ppl who DCA per month $100 are those who can’t afford to buy from market. Why so anal?
(3) Last time Maybank used to offer monthly investment for US stocks. Wasted no longer available.
My layman example will be:
MBS offer you a buffet that cost $199 but serve u army food. Lol

 

[elvintay07]

Hmm

Just food for thought, do you want to consider to 'DCA manually' by yourself?

Note the fees below for BCIP plan:

• 0.3% of the total investment amount or S$5 per counter, whichever is higher.

0.3% of 500$ monthly is only SGD 1.50, hence you will be paying additional 3.50 every month for 1 counter. 3.50 * 12 = $42 per year (for 1 counter).
If you are getting 2 counters, it will be 84$.

If you DCA yourself via other brokers like FSM / DBS Vickers, you can do it on a quarterly basis which will reduce the fees.

Interactive brokers even cheaper

 

[reddevil0728]

BCIP is a good plan with **** offerings
(1) Singapore - anytime can DCA till Hong gan
(2) Prices are ****ing expensive. Lim Peh feel every trade should only charge $0.30 (like interactive brokers). Ppl who DCA per month $100 are those who can’t afford to buy from market. Why so anal?
(3) Last time Maybank used to offer monthly investment for US stocks. Wasted no longer available.
My layman example will be:
MBS offer you a buffet that cost $199 but serve u army food. Lol

Fsm can do (3) ma

 

[OCBC Bank]

Hello All,

Any idea - is there a new service charges for Blue Chips investment plan by OCBC ?

Just recieved my monthly stmt - as there a drop in Invested Amt.

Hi there,

The charges are as shown on our website: https://www.ocbc.com/personal-banking/investments/blue-chip-investment-plan

There are no changes to it.

If you need further assistance on this, please log in to Internet / Mobile Banking and drop us a secured mail. Once done, share with us the 16 digit reference number of the secured mail via PM here.

^DG