Regular Shares Savings(RSS)
Previously, I have written about my choice for choosing POSB invest saver plan here
What is RSS? RSS plan offers investors an affordable and convenient way of investment by committing a fixed amount of money on a monthly basis for a preferred share, allowing us to enjoy the benefits of dollar cost averaging
What is dollar-cost averaging?
When the share price is higher, we would buy fewer shares with the fixed dollar amountWhen the share price is lower.we would buy more shares with the same amountThis means we automatically buy less at market highs and buy more at market lowsOver time, the price we paid for our portfolio of shares would be averaged outBenefits of RSS
1.Affordability
RSS allows us to buy into selected shares by investing an affordable and regular amount per month, from as little as $100
2. Dollar cost averaging
RSS removes the need to time the market and trying to figure...