KiasuParents - Parenting in Singapore

Hi.

Is there anyone here invest in OCBC Blue Chip as per this link:
http://www.ocbc.com.sg/personal-banking ... echip.html

I'm thinking of investing this for my children's future, so need more view/advises to decide whether this is a good investment.
Thanks.

catddy2002 wrote:Hi.

Is there anyone here invest in OCBC Blue Chip as per this link:
http://www.ocbc.com.sg/personal-banking ... echip.html

I'm thinking of investing this for my children's future, so need more view/advises to decide whether this is a good investment.
Thanks.

This investment is very good, I'm doing the same investment through Phillips securities. It's a dollar cost averaging method in buying the stocks counter. But bear in mind, watch the investment cost - monthly fees - u don't want to incur high percentage in comparison to the sum you put every month. Example-$100 a month with a fee of $5 means 5% investment cost which is very high, so if u put in $500 per month it will reduce to 1%. At least you don't need to time the market which even the billionaire can't make it happen also.

Thanks for your advice, Aster!
So do you normally monitor the share price before you give order to purchase?
Just get to know from you that Philips securities has this type of investment.
For OCBC, will have to open a saving account with min $1000 deposit in order to do purchase.
What about Philips securities?

catddy2002 wrote:Thanks for your advice, Aster!
So do you normally monitor the share price before you give order to purchase?
Just get to know from you that Philips securities has this type of investment.
For OCBC, will have to open a saving account with min $1000 deposit in order to do purchase.
What about Philips securities?

Click this link:
http://www.phillip.com.sg/stocks-a-shar ... -plan.html

Basically Phillips securities dont need to open $1000 account, just need to open the share builders account and how much you want to giro every month....min is $100 but not advisable due to monthly fees...but that depend on individuals....but this the only way to buy stocks affordable and ease of mind....both company works the same in terms of share buying, their team will execute the buying at a fix day every month......we don't need to do anything. The company is the custodian of our shares, we have the flexibility to liquidate our shares anytime or you can transfer the shares to the CDP account with a small fee($10 per counter) when u think u don't want to continue or u save enough....

Remember time horizon is one of the factor to mitigate risk apart the dollar cost averaging, the plan won't makes us a millionaire overnight but with patience , we can see a steady and passive income when the times comes. When market crash like subprime, SARS crisis or whatever unless singapore go to war if not don't be panicky stay focus and let the plan continue buy as the stocks will be price lower during downturn, the money can buy even more shares. When the market upswing, the capital gain of the stock price will increase plus we still getting dividends. Plus Phillips securities have a plus point which ocbc don't have is that Phillips allow the user to indicate wether u want to reinvest the dividends back to the counter u buying every month. This is call compounding effect which is rule 72. U can read up on that....so to sum up, DCA plus time horizon and compounding effect will make your investment grow without you making much effort but you must be very patience....last but not least investment cost will erode your returns if not managed properly....

Thanks again, Aster!
I have a clearer picture now with your advise and the information in Philips' website.
Philips better than OCBC as we can use the $1000 to invest instead of putting in the bank as a deposit.

catddy2002 wrote:Thanks again, Aster!
I have a clearer picture now with your advise and the information in Philips' website.
Philips better than OCBC as we can use the $1000 to invest instead of putting in the bank as a deposit.

No problem. Cheers

check out website http://steadyoptions.com We are an options trading advisory that uses diversified option trading strategies to produce positive returns under all market conditions. We aim for steady and consistent gains with a high winning ratio and limited risk.

paulandres wrote:check out website http://steadyoptions.com We are an options trading advisory that uses diversified option trading strategies to produce positive returns under all market conditions. We aim for steady and consistent gains with a high winning ratio and limited risk.

Wrong topic......this is blue chip investment topic....value investing.......please focus on the correct topic if not you will be reported.

I would rather join the POSB one (:

So, what about the stock price will increase plus we will still getting dividends or not?

___________________
Property Investment | Dream Bhoomi