Ever since my DBS Vickers Cash upfront account was approved, I just go stocks buying as their brokerage fees is very low. Moreover, the stocks purchased will go to CDP. That's what I always wanted.
Being a long term and dividends driven investor, I just DCA and compound for the long run.
This morning I was looking at my UT portfolio, I was shocked that I m extremely high risk investor. [Happy] [LOL] [Smile] [Chuckle] . only 1 out of 6 high risk UT not doing good. The other 5 are flying colours. 1 low to medium UT & 1 medium to high UT are doing so so. Looks like I have better luck with high risk UT rather than low to medium or medium to high risk UT.
I love a particular sector UT but their annual management fee, annual trustee fee & expense ratio are a killer. I need to do some homework before I decide if I want to risk my investment. High risk, high reward - must know when the enter point.
As for SRS fund, I have stop doing the conservative investment ie endowment plan. I was luck that when I did the endowment plan, the rate of returns were high. I even reconfirmed with my agent this year as I am planning my retirement.. money from SRS, stocks dividend, CPF, other endowment plans etc etc.. Now I m using SRS fund to buy SG stocks. When I m due for SRS withdrawal, I can transfer my SG stocks to CDP by paying a fees and the stocks can be passed on to my beneficiary. 🤭😇
After posting, I realised I overlooked sharing which broker using SRS fund to buy SG stocks for cost effectiveness. I use Phillip Poems Cash Plus as it is 0.08% for SGD0-29.999K, 0.07% for SGD30-249.999K for brokerage fees. Have to add SGD0.38 to the total amount as that is the CDP charges and the stocks will be held by the bank that you have setup your SRS. I tend to add SGD0.38 to my order so as to avoid insufficient fund in SRS. Moreover, SGD0.38 will reflect as CDP charges under your SRS statement together with stocks purchased amount. In order to enjoy the good rate from poems cash plus for SRS fund, I have to park similar amount into cash plus account first. This is similar to DBS Vickers cash upfront.
Modify on 2025-05-19 20:37
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- Ah_Meng·2025-05-18TOPNot easy, good job seeing it through… only thinking of passing something over to your decedents? Must be loaded [Tongue][Silence][Chuckle]1Report
- Frosty4ever·2025-05-18TOP即使基础可能是好的，高费用也会把它变成别的东西。LikeReport
- UTOtrader·2025-05-19TOPu use dbs to buy, the shares be in cdp, y need transfer?LikeReport
- UTOtrader·2025-05-18y u need to transfer to cdp?LikeReport
- 1PC·2025-05-17恭喜🎉·👏LikeReport