POSB Cashback Bonus

[glorfindel]

My RSP expired. Any alternative now? I can't to find any fund that costs 0.5% for lump sum, all 0.82%. Any advise?

 

[reddevil0728]

My RSP expired. Any alternative now? I can't to find any fund that costs 0.5% for lump sum, all 0.82%. Any advise?

You didn’t rotate?

 

[glorfindel]

You didn’t rotate?

Can still recognize for bonus if I put in Invest-Saver for a new fund?

 

[reddevil0728]

Can still recognize for bonus if I put in Invest-Saver for a new fund?

https://www.posb.com.sg/iwov-resources/media/pdf/deposits/cashback-bonus-faq.pdf#page15

Need to stop n sell with a gap of at least 6 months then can restart

 

[glorfindel]

https://www.posb.com.sg/iwov-resources/media/pdf/deposits/cashback-bonus-faq.pdf#page15

Need to stop n sell with a gap of at least 6 months then can restart

Yeah, so can't rotate right? need to do lump sum for the next 6 months?

 

[reddevil0728]

Yeah, so can't rotate right? need to do lump sum for the next 6 months?

hmmm? did u look at page 15?

What RSP have you done so far?

 

[Imhthc]

You can look at lower risk fund like money market fund. For a 0.82% charge and u get back $30(3% and of coz depending on how much ur fund fluctuates) is still worth it.
Look out for dbs promo for rsp charge rebate too.

 

[reddevil0728]

You can look at lower risk fund like money market fund. For a 0.82% charge and u get back $30(3% and of coz depending on how much ur fund fluctuates) is still worth it.
Look out for dbs promo for rsp charge rebate too.

for rsp. can always redeem it as soon as it gets credited

 

[Imhthc]

for rsp. can always redeem it as soon as it gets credited

Correct but for a few money market funds, their fluctuation can be about $10ish (comprised of higher charge and worse few days’ performance) compared to ABF bond when sold immediately after they are shown in my investment account.

 

[reddevil0728]

Correct but for a few money market funds, their fluctuation can be about $10ish (comprised of higher charge and worse few days’ performance) compared to ABF bond when sold immediately after they are shown in my investment account.

the amount also higher right?

 

[Imhthc]

the amount also higher right?

Do u mean the investment amount? $1k. $10 is about 1%

 

[reddevil0728]

Do u mean the investment amount? $1k. $10 is about 1%

yea. vs $100 for like rsp on etf

 

[Imhthc]

yea. vs $100 for like rsp on etf

I have tried $100 and $1000 rsp on etf and the latter has always been more worthy due to the net return from 3% cash rebates after sales and admin fee

 

[reddevil0728]

I have tried $100 and $1000 esp on etf and the latter has always been more worthy due to the net return from 3% cash rebates after sales and admin fee

u r looking at it from an investment perspective.

some people are just looking minimising cost and maximising net return for high interest only

 

[Imhthc]

u r looking at it from an investment perspective.

some people are just looking minimising cost and maximising net return for high interest only

Oh I m referring to posb cashback. $3 vs $30 monthly cashback on investment category. In a way I m also maximising net return on the rebate and not on investment perspective. I sell immediately I see the fund in my investment acct.

 

[royalmix]

Can still recognize for bonus if I put in Invest-Saver for a new fund?

Always do your own due diligence to identify fake news!

You are right, a new fund (you never held/invest before in the past 6 mths) will qualify! With Invest-Saver promo, you can save some cost too!

https://www.dbs.com.sg/personal/promotion/invest-saver

 

[reddevil0728]

Always do your own due diligence to identify fake news!

You are right, a new fund (you never held/invest before in the past 6 mths) will qualify! With Invest-Saver promo, you can save some cost too!

https://www.dbs.com.sg/personal/promotion/invest-saver

can you identify the fake news so all can learn?

 

[glorfindel]

hmmm? did u look at page 15?

What RSP have you done so far?

So the part that confuses me is the mention of repurchase is not recognized. Does it mean repurchase of same fund or repurchase of any fund with Invest-Saver?

So far only did RSP for the Shenton Short term bond fund

 

[reddevil0728]

So the part that confuses me is the mention of repurchase is not recognized. Does it mean repurchase of same fund or repurchase of any fund with Invest-Saver?

you need to note the timing they mention. terminate AND re-purchase within 6 months of the same fund no count.

it also wouldn't count if you have terminate AND re-purchase AFTER 6 months IF you haven't redeem all the units prior to that.

So far only did RSP for the Shenton Short term bond fund

there are other ETFs with 0.5% fees u got see under invest saver

 

[glorfindel]

you need to note the timing they mention. terminate AND re-purchase within 6 months of the same fund no count.

it also wouldn't count if you have terminate AND re-purchase AFTER 6 months IF you haven't redeem all the units prior to that.

there are other ETFs with 0.5% fees u got see under invest saver

I read the repurchase to mean all Invest Saver. So it is ok to purchase different fund with Invest Saver within 6 months?