SIP products?

[MrGoat]

Hi everyone! I'm applying for YIP(young investment program) for OCBC.
Apparently the T&Cs states that 18-20 cannot trade non-SIP products.
What is the difference between SIP and Non-SIP products and if possible list examples of the products. Read some articles online but I still catch no ball.

 

[Bedokian]

Hi everyone! I'm applying for YIP(young investment program) for OCBC.
Apparently the T&Cs states that 18-20 cannot trade non-SIP products.
What is the difference between SIP and Non-SIP products and if possible list examples of the products. Read some articles online but I still catch no ball.

I think it should be "cannot trade SIP products"?

http://www.moneysense.gov.sg/Unders...vesting-in-Specified-Investment-Products.aspx

Basically SIPs are investment vehicles and financial instruments that is not as straightforward and understood by a typical retail investor.

 

[MrGoat]

Then what about non-SIP?

 

[Bedokian]

Then what about non-SIP?

Non-SIPs are the plain vanilla shares and bonds.

Don't mind me asking, are you currently studying and if so, what is your major or course?

 

[MrGoat]

Diploma In business IT. Whaddup

 

[Bedokian]

Diploma In business IT. Whaddup

Thanks. The reason why I asked is to see if your current education is able to enhance your investment and trading knowledge.

With this, I think by the time you graduate and reach the age of 21, you could use this diploma to pass the CAR and CKA which open the doors to SIPs.

Slightly OT, this diploma is good given the emphasis on business intelligence, data analytics and "big data", while learning the basics of management and accounting.

 

[evets]

Unit trust/ Mutual funds are considered SIP.