POSB Cashback Bonus

[reddevil0728]

So we need to rotate among the 4 RSP, since the amount will only be recognised for the first 12 mths? Do we need to redeem the old fund at least 6 mths before hand, like DBS Multiplier? Thanks!

Check out the FAQ. Got say

 

[wenguang]

So we need to rotate among the 4 RSP, since the amount will only be recognised for the first 12 mths? Do we need to redeem the old fund at least 6 mths before hand, like DBS Multiplier? Thanks!

if you are doing RSP yes. If you are doing lump sum investment, no need.

https://www.posb.com.sg/iwov-resources/media/pdf/deposits/cashback-bonus-faq.pdf
If an existing POSB Invest-Saver is terminated and re-purchased within 6 months from the date of termination, the re-purchase will not be considered an eligible transaction. Additionally, any re-purchase of POSB Invest-Saver which has been previously terminated but not fully redeemed will not be considered an eligible transaction.

 

[maumu]

if one is to rank the 4 etf, how would you rank them in terms of volatility?

1. Nikko AM STI
2. ABF SBI
3. Nikko AM IG Corporate Bond (currently have this)
4. Nikko AM ST Asia ex. Japan REIT

may be time for me to buy a new ETF to qualify for the investment category should the high yield saving rates start to drop over the next months.

 

[reddevil0728]

if one is to rank the 4 etf, how would you rank them in terms of volatility?

1. Nikko AM STI
2. ABF SBI
3. Nikko AM IG Corporate Bond (currently have this)
4. Nikko AM ST Asia ex. Japan REIT

Actually if your plan is to just clock the investment category, you should be looking at the one with the lowest fee. Unless your intention is to invest.

cause it really depends on when you buy also. Like bonds might be perceived to be less volatile, or the historical data might show that that certain counter is less volatile.

but in the case of the bond etf, because of the increase in interest rate it drops quite a bit.

may be time for me to buy a new ETF to qualify for the investment category should the high yield saving rates start to drop over the next months.

nothing is stopping one from redeeming as soon as the units get credited to reduce capital losses hence should look for those lower fee one

 

[RedsYWNA]

nothing is stopping one from redeeming as soon as the units get credited to reduce capital losses hence should look for those lower fee one

So for POSB cashback bonus, can we RSP $1000, but redeem the full amount in the next month, and earn ($30 - fees) per month for 12 mths period?

 

[reddevil0728]

So for POSB cashback bonus, can we RSP $1000, but redeem the full amount in the next month, and earn ($30 - fees) per month for 12 mths period?

Don’t recall seeing from the website/FAQ/TnC but you need to verify for yourself since it’s your money.

but why next month rather than as soon as the units get credited.

 

[RedsYWNA]

Don’t recall seeing from the website/FAQ/TnC but you need to verify for yourself since it’s your money.

but why next month rather than as soon as the units get credited.

That's true, but for $21.80 ($30 - $8.20) per month, not sure if it's worth the effort though......haha

 

[reddevil0728]

That's true, but for $21.80 ($30 - $8.20) per month, not sure if it's worth the effort though......haha

In one month, the price can tank and wipe out the benefit

 

[SBC]

Any good deal from DBS that is qualified for this CashBack Bonus?

 

[reddevil0728]

Any good deal from DBS that is qualified for this CashBack Bonus?

What do you mean?