Last week I wrote about how I have started a POSBank Invest-Saver plan for my kids. Every month the bank will make an automatic deduction from the account a fixed amount I specified. The money will go towards purchasing the Nikko AM STI ETF.
After the article was published, I received questions from readers and friends alike.
There was someone who asked why did I choose to invest in the STI ETF and not invest the money using BigFatPurse’s CNAV approach. A friend after reading suggested that the 200k figure will be insufficient for my kid’s university education in 2035. Another reader wrote in to find out more about other regular savings cum investing plans being offered. I promised that I will provide some clarification in my next post. So here they are.
Financial Education from the very beginning
There are two reasons why I wanted to start the Invest-Saver ...
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