Sunday 19 April 2020

How did I get started in investing and POSB Invest Saver Review

POSB Invest Saver was what I started my investment journey because it was that easy to get started on it.

Most people in Singapore will have a DBS or POSB account and that is just what you need to get started.

It was really easy getting started with POSB Invest saver, you just had go online and under the Invest tab, go to more investment and click onto 'Set up Exchange Traded Funds Regular Savings Plan (RSP)'.

When I first got into it, I knew that the STI ETF is made of the 30 largest and most liquid companies in Singapore. It is a really easy starting point and it links to your POSB account so dividends are directly paid into your account semi-annually.


When I started this RSP, I was just started and really read up more and found out about SPDR STI ETF. I knew that the one that Invest Saver was Nikko AM STI ETF. So I went to find out more about the difference.

Seedly has released a comparison between both which is really neat and simple. 

The main thing was that in 2018, the expense ratio was 0.33% for Nikko AM STI ETF and that SPDR STI ETF has an expense ratio of 0.3%. I was looking to switch to SPDR STI ETF as I already had it automated so I still stayed with POSB Invest Saver for sometime as I was investing only about $100 per month.

Read more: Switching from POSB Invest Saver to FSMone ETF RSP

Over time, I wanted to increase my investment size and also go more into other markets besides Singapore so I decided to move onto FSMone.


However, if you are just wanting to get started somewhere and want something automated and simple, getting started with POSB Invest Saver is really not bad, in that it can be easily set up and it is just that first step you need before you can advance to many other things.

POSB Invest Saver can also be linked to your DBS Multiplier account and fulfills the invest category which can really help push up your interest rate. 

Do remember that it is listed on the Singapore exchange and you can lose money from it as it carries risks, it is always advisable to invest with money that you do not need in the short term.

4 comments:

  1. DO YOU NEED A LOAN?
    DO NOT KEEP YOUR FINANCIAL BURDEN TO YOURSELF CONTACT US NOW FOR ANY KIND OF LOAN AT A LOW INTEREST OF 2%. stevewilsonloanfirm@gmail.com whatsapp: +16673078785,

    Our loans are well insured for maximum security is our priority, Our leading goal is to help you get the service you deserve, Our Loan program is the quickest.

    We give out loan in any currency of your choice Yuan, Dollar, Thai baht, Euro, Dinar, etc} and duration of 1 to 30 years to pay back the loan (secure and unsecured).
    Do you need any kind of loan and have low credit score, Have you find it difficult to get loans from local banks and other financial institutions? solution to your financial problem is STEVE WILSON LOAN FIRM.

    The terms and conditions are very reasonable and considerate.
    We offer a wide range of financial services which includes: Xmas Loans, Business Loans, Debt Consolidation Loans, Personal Loans, Car loans, Hotel loans, Student loans, Home Refinancing Loans with low interest rate @2% per annul for individuals, companies and corporate bodies.

    Interested applicants should Contact us via email:stevewilsonloanfirm@gmail.com. whatsapp:+16673078785 Apply and be free from financial bondage.

    ReplyDelete
  2. FOR QUICK, RELIABLE AND AFFORDABLE BUSINESS HOME/REAL ESTATES/COMPANY/PROJECT/PERSONAL LOAN OFFER WITHOUT COST/STRESS CONTACT US TODAY VIA Call/Text +1 (424) 286-6076 Email brianandersonloanfinance@gmail. Com

    We are authorized financial consultants providing reliable loans to individuals and funding for business, personal, home, and projects start up. Are you tired of seeking loans or are you in any financial mess. Do you have a low credit score, and you will find it difficult to get loans from banks and other financial institutions? then worry no more for we are the solution to your financial misfortune. we offer all types of loan ranging from $5,000.00 to $533,000,000.00USD with a low interest rate of 2% and loan duration of 1 to 30 years to pay back the loan secure and unsecured. Are you losing sleep at nights worrying how to get a Legit Loan Lender? If Yes worry no more for we are out here to help the less financial privileges get the loan they need to get back on their feet no matter your credit score, you can say goodbye to all your financial crisis and difficulties. Contact us on the following Call/Text +1 (424) 286-6076 or email brianandersonloanfinance@gmail. Com

    ReplyDelete
  3. Though you gain very good knowledge, you are required to have enough money to start wealth investing financially.

    ReplyDelete
  4. These days, merchants constantly receive tempting offers from other merchant services providers. So to keep their business, you have to go beyond the first impression and build a relationship. Selling Merchant Services

    ReplyDelete