It’s no secret that we have a few SG ETFs Monthly Investment Plans (MIPs) via banks and their associated brokerage arms. We believe that automated investing is the way to go given our busy work and personal schedules that is only going to get more intense if we plan to have a kid next year.
Which is why we are sensitive to any changes to these MIPs. Whether they are initiated on our side (e.g. amending the monthly cash amounts to be invested) or on their side (e.g. changes to the cash withdrawal dates or purchase price methodology).
That’s how I noticed the recent update to the POSB Invest-Saver this month. For both the Singapore ETFs [i.e. Nikko AM SG STI ETF (G3B on SGX) and ABF SG Bond Index Fund (A35 on SGX)], the monthly debiting from the savings account is now on the 15th of every month. It would be the next business day if ......