Regular Savings Plan

[evolute8]

I've just landed myself a new job.
Now have decided to set aside a fixed amount monthly for investement.

Any Regular Savings Plan to recommend?
Probably gonna save $800-1000+ per month...

 

[hozhijie]

How old are you?

POSB does offers RSP with a 1% sales charge. You can buy either NIKKO AM STI ETF or the ABF SINGAPORE BOND INDEX.

It's a good start if you does not have much knowledge on investing yet.

 

[ikilledbarbie]

NIKKO AM STI ETF and ABF SINGAPORE BOND INDEX. which wld you suggest to put more money in? STI ETF has higher dividends?

 

[evolute8]

How old are you?

POSB does offers RSP with a 1% sales charge. You can buy either NIKKO AM STI ETF or the ABF SINGAPORE BOND INDEX.

It's a good start if you does not have much knowledge on investing yet.

I'm turning 27 this year.

 

[Perisher]

NIKKO AM STI ETF and ABF SINGAPORE BOND INDEX. which wld you suggest to put more money in? STI ETF has higher dividends?

I'm turning 27 this year.

If possible, open a scb trading account and buy ES3 yourself regularly, especially now that it's falling hard. You will save alot on the commissions/admin fees.

Both G3B and ES3 are tracking the STI index.

 

[Shiny Things]

NIKKO AM STI ETF and ABF SINGAPORE BOND INDEX. which wld you suggest to put more money in? STI ETF has higher dividends?

They're two different things. The STI ETF tracks the Straits Times Index (a stock index); the ABF fund tracks a bond index.

Bonds are less volatile than stocks - their price moves around less, and they're less prone to crashes - but the tradeoff is that they generally have a lower yield, and over the long term they make you less money.

So you want to have a majority of your money in stocks - the rule I use is "110 minus your age" should be the percentage of your portfolio that's in stocks - but you do need some money in bonds as well. For example - if you're 30 years old, it makes sense to be 80% in the Nikko STI ETF and 20% in the ABF Bond ETF.

 

[Broadwalk]

Now market very shaky.

 

[RetRace]

Now market is falling hard. Good sign to buy for long term 20-30 years

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[starfish.starfish]

I've just landed myself a new job.
Now have decided to set aside a fixed amount monthly for investement.

Any Regular Savings Plan to recommend?
Probably gonna save $800-1000+ per month...

You have emergency funds liao? If not best save that first.
3-6 mths of expense.

 

[JetStorm]

If you need motivation to save 3 to 6 months of salary you can do up a spreadsheet indicating your current gross and net salary and benchmark it against your savings.

Ie 2 months gross salary amt will be close to 3 months net, so motivation to save more to hit the 3 months net mark is there. When you hit 3 months mark, the amount will be close to the 3 months gross mark. So same kind of motivation.

Repeat until you hit your desired 3 or 6 months salary emergency fund.

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[kyteo79]

If you need motivation to save 3 to 6 months of salary you can do up a spreadsheet indicating your current gross and net salary and benchmark it against your savings.

Ie 2 months gross salary amt will be close to 3 months net, so motivation to save more to hit the 3 months net mark is there. When you hit 3 months mark, the amount will be close to the 3 months gross mark. So same kind of motivation.

Repeat until you hit your desired 3 or 6 months salary emergency fund.

Sent from Nubia NX507J using GAGT

When i Started .. i did a couple of wrong moves ie. taking up high insurance coverage etc .. and later within the same year i cannot afford to carry on the premiums and resulting cancelling.

later i started to save not with bank but the old tin biscult tin .. save 1 year salary. Saving 6 months salary is the bare minimium only and not too safe IMO.

If i repeat again, I would still save 1 year worth of salary throwing 25% in saving and current, 25% in mid - long term savings and 50% fix deposit and /or time deposits.

Anything more would be into investments ...

 

[AuGtiMuS]

why don't you consider getting a endowment or do a fixed deposit?

 

[disavowed]

why don't you consider getting a endowment or do a fixed deposit?

Oh gawd no, TS pls dun get endowment...fd is also pretty useless at ur age now

 

[evolute8]

Oh gawd no, TS pls dun get endowment...fd is also pretty useless at ur age now

ohh.....then how?

 

[Perisher]

ohh.....then how?

FD and bonds is fine if you are ultra-conservative.
Some corporate bonds can hit 3-5% if you can take slightly more risk.

Don't buy endowment.

 

[ikilledbarbie]

If possible, open a scb trading account and buy ES3 yourself regularly, especially now that it's falling hard. You will save alot on the commissions/admin fees.

Both G3B and ES3 are tracking the STI index.

but im really very noob haha i need an idiot's guide to trading
easier to start with posb invest?

was considering it a few days back but now tht i see it falling.. itchy hands.

just looked at scb online trading.. it does seem quite good but im afraid i might fail CAR hahaha but what if i work in a bank?

if im in my early 20s, what percentage of my monthly savings should i put into investing?