DiAngel
05-17

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. 

# High Risk, High Reward vs. Compounding: What’s Your Path?

Modify on 2025-05-19 20:37

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（14）

  • Top
  • Latest
  • Ah_Meng
    ·05-18
    TOP
    Not easy, good job seeing it through… only thinking of passing something over to your decedents? Must be loaded [Tongue][Silence][Chuckle]
    Reply
    Report
    Fold Replies
    • DiAngelReplying toAh_Meng: 
      Yes. [ShakeHands] Every year set a new KPI. 🤭😇🙏[Chuckle][Bless][Happy][Smile][Tongue][Miser][Grin][Love you][Silence]
      05-18
      Reply
      Report
    • Ah_MengReplying toDiAngel: 
      As long as you achieve what you aim for is a win...
      05-18
      Reply
      Report
    • DiAngel: 
      Well, maybe my definition of loaded might be different from you. Just to give you a clue. I have achieved my KPI SGD36K from SG stocks using both cash & SRS. If I deduct SRS portion, I still shortage of SGD5-6K.I think.anyway, I still have 7.5months to achieve using cash.
      05-18
      Reply
      Report
  • Frosty4ever
    ·05-18
    TOP
    ya even though the underlying can be good, high fees can change it to something else.
    Reply
    Report
    Fold Replies
    • DiAngel: 
      I m still learning the ropes of how to generate more interest from DBS Multiplier account. it is a straight cut for DBS paylah!, investment but not for the income which I found it a funny way of calculation [LOL][LOL][Happy][Chuckle]. I m not complaining but good to know how to calculate
      05-18
      Reply
      Report
    • DiAngel: 
      If minimum $10 for comm fees is high for you, then you are a trader and not an investment. I think FSM offers $8.80, but DBS Vickers account which is bundle with DBS Multiplier generates some interest for income, DBS paylah!, investment etc etc.
      05-18
      Reply
      Report
  • UTOtrader
    ·05-19
    TOP
    u use dbs to buy, the shares be in cdp, y need transfer?
    Reply
    Report
    Fold Replies
    • DiAngel: 
      If u don’t want to transfer them from SRS account to CDP, you can sell them and convert into cash for withdrawal. As all my SG stocks are meant for next generation, hence I don’t mind paying the fees to get them transferred to CDP.
      05-19
      Reply
      Report
    • DiAngel: 
      I think you must have mix up with DBS Vickers using cash upfront n using poems cash plus for using SRS fund to buy SG stocks. DBS Vickers -> CDP whereas poems cash plus -> SRS Account. When SRS is due for withdrawal, I will transfer the sg stocks from SRS account to CDP. Of course, I can sell them
      05-19
      Reply
      Report
  • UTOtrader
    ·05-18
    y u need to transfer to cdp?
    Reply
    Report
    Fold Replies
    • DiAngel: 
      I m a long term investor n I kept blue chips for dividends for my next generation
      05-18
      Reply
      Report
  • 1PC
    ·05-17
    Congratulations 🎉👏
    Reply
    Report
    Fold Replies
    • DiAngel: 
      [ShakeHands] Thank you
      05-17
      Reply
      Report