SRS Portfolio

[Panerex]

My SRS currently with DBS, and is linked to invest in Dollardex and POEMS.

If I would like to use it to invest in A35, can I only purchase via POEMS?

I don’t find POEMS desirable due to the brokerage charge.

May I know any other options to use SRS to buy A35?

TIA

 

[assiak71]

My SRS currently with DBS, and is linked to invest in Dollardex and POEMS.

If I would like to use it to invest in A35, can I only purchase via POEMS?

I don’t find POEMS desirable due to the brokerage charge.

May I know any other options to use SRS to buy A35?

TIA

You can purchase via any of the brokers like poems, dbs vickers etc but they are all about the same brokerage fee for srs.

 

[assiak71]

Qns

1. For robos with srs such as endowus , stashaway , and soon to be syfe , do the srs holdings add up to the total aum for calculation of fee? If so stashaway may be good for consolidating cash and srs as they have the lowest fee from 925k onwards

2. For robo srs, can one seamlessly withdraw from srs and shift/add to the cash portfolio without any time out of the market?

 

[cassowary18]

This might be a stupid question but I've searched a lot and to no avail.

If I want to buy ETFs on SGX, do I have to use my own SRS bank's brokerage? Or can I use another broker? If can use another broker, what's the cheapest brokerage that accepts SRS funds?

 

[assiak71]

This might be a stupid question but I've searched a lot and to no avail.

If I want to buy ETFs on SGX, do I have to use my own SRS bank's brokerage? Or can I use another broker? If can use another broker, what's the cheapest brokerage that accepts SRS funds?

Dont have to use srs bank's broker

https://blog.seedly.sg/the-ultimate-cheatsheet-cheapest-stock-brokerage-in-singapore/
See top half of first table. They are mostly the same commission rate

 

[cassowary18]

Dont have to use srs bank's broker

https://blog.seedly.sg/the-ultimate-cheatsheet-cheapest-stock-brokerage-in-singapore/
See top half of first table. They are mostly the same commission rate

OK, so basically all the expensive brokers haha. Yeah, will just probably use my own bank (DBS) broker instead then for convenience sake, since the fees all about the same anyway.

 

[soneat]

They are usually very very slow....last year I wanted to buy some shares on lows but couldn't and it too almost a month. Finally I moved my SRS account to DBS! Not sure how fast DBS is and will trying in the next few days...

Hi,
How do you find DBS SRS account so far?
- Are you able to check our shareholdings from DBS internet banking?
- Do they give sufficient time for us to execute corporate action (like rights issue, scrip dividend etc)
- Do they credit the dividend (cash/scrip) timely?

OCBC SRS - Seriously cannot make it. Last quarter I had to make multiple calls to chase for my AIMS APAC dividend as they took an excessively long time to credit it. This time round, they still have not credited it yet as well (supposed to be 20th Dec 2019).

 

[1nd3x1nv3stor]

Hi,
How do you find DBS SRS account so far?
- Are you able to check our shareholdings from DBS internet banking?
- Do they give sufficient time for us to execute corporate action (like rights issue, scrip dividend etc)
- Do they credit the dividend (cash/scrip) timely?

OCBC SRS - Seriously cannot make it. Last quarter I had to make multiple calls to chase for my AIMS APAC dividend as they took an excessively long time to credit it. This time round, they still have not credited it yet as well (supposed to be 20th Dec 2019).

For me, the answers are all yes for your questions.
The only inconvenience thing is that we need to fax our responses for any corporate actions. We could not do it through internet banking.

 

[soneat]

For me, the answers are all yes for your questions.
The only inconvenience thing is that we need to fax our responses for any corporate actions. We could not do it through internet banking.

Thanks. Instead of fax, can email or submit the form to branch? Do your records (e.g. new shares that u purchased, dividends etc) get updated timely?

 

[1nd3x1nv3stor]

Thanks. Instead of fax, can email or submit the form to branch? Do your records (e.g. new shares that u purchased, dividends etc) get updated timely?

You can‘t email the form. You can send the form to DBS, not to the branch but to securities and fiduciary services or something like that.
Yes for second question.

Hope this helps.

 

[soneat]

You can‘t email the form. You can send the form to DBS, not to the branch but to securities and fiduciary services or something like that.
Yes for second question.

Hope this helps.

Yes, it does help. Thank you.

 

[Panerex]

between MBH and A35, which one will you choose for bonds investment of your SRS fund?

 

[BBCWatcher]

between MBH and A35, which one will you choose for bonds investment of your SRS fund?

Probably MBH. A35 is really pretty highly specialized these days, when you want to park some trading funds temporarily in a highly liquid sovereign bond fund. Even if you want to invest in the Singapore government's general debt obligations, you can do that directly via Singapore Savings Bonds and other Singapore Government Securities. I don't think you're going to use SRS dollars as your day trading funds for speculation even if that's your thing (and it shouldn't be).

 

[linusz]

Probably MBH. A35 is really pretty highly specialized these days, when you want to park some trading funds temporarily in a highly liquid sovereign bond fund. Even if you want to invest in the Singapore government's general debt obligations, you can do that directly via Singapore Savings Bonds and other Singapore Government Securities. I don't think you're going to use SRS dollars as your day trading funds for speculation even if that's your thing (and it shouldn't be).

Buy from poems?

Posted from PCWX using ALP-L29

 

[assiak71]

For srs withdrawal of stocks, can it only go to cdp?

 

[Thoreldan]

noob question:
Use srs buy sti etf
When etf distributes dividend, where does it go ? Back to srs or cash to bank acc ?

 

[fluxos]

Back to srs. There are no loopholes.

noob question:
Use srs buy sti etf
When etf distributes dividend, where does it go ? Back to srs or cash to bank acc ?

 

[bassdance]

anybody got any idea if holdings bought via SRS can be transferred to other brokers? e.g. if i invest using SRS via DBS Vickers and want to transfer my holdings to SCB (custodian based), is it allowed? Am trying to consolidate into single brokerage and SCB does not allow SRS to invest..

 

[assiak71]

anybody got any idea if holdings bought via SRS can be transferred to other brokers? e.g. if i invest using SRS via DBS Vickers and want to transfer my holdings to SCB (custodian based), is it allowed? Am trying to consolidate into single brokerage and SCB does not allow SRS to invest..

What you are asking is withdrawal from srs

Srs is srs, dont get mixed up.

Yes you can withdraw from srs i believe but there is 5% penalty and it will be taxed

 

[beefjerky]

Hello, am looking to invest in the INFINITY GLOBAL STOCK INDEX SGD fund

But I noticed the fees are quite exorbitant
initial charge: Currently Up to 2% Maximum 5%
Management fee: Currently 0.475% p.a. Maximum 2% p.a
Expense ratio: 0.81%

Is it better to just invest in ES3?