It was about 3 months ago that I subscribed to POSB Invest-Saver Regular Savings Plan (RSP) amid all the global turmoil. This RSP buys the Nikko AM STI ETF(Ticker: G3B.SI) every month with the amount you set(eg. $100). There is another STI ETF(Ticker: ES3.SI) but you can't buy it with this plan. This 2 ETFs simply tracks the performance and try to replicate its returns of the Straits Times Index(STI).
From an NSF
This is also the first foray into stocks for me, putting $100 from my NS allowance into this. Now how did it go?
Dollar-Cost Averaging
Buying less at high prices and buying more at low prices has allowed me to average down the Average Unit Price and Average Unit Cost though it is quite insignificant given the short period of buying.
Currently, with the $1 commission, the Total Investment Cost is $293.49. The Cumulative Portfolio ......