Shares & Derivatives
Invest SRS In ETF
By Heartland Boy  •  September 4, 2016
Readers of heartlandboy.com would have been aware that both Heartland Boy and Heartland Girl had opened SRS Accounts in 2015. Heartland Boy and Heartland Girl’s SRS Accounts are with DBS and OCBC respectively.  While SRS is a great way to reduce income tax, Heartland Boy also views it as a complementary pillar to his retirement funds. Indeed, he has invested SRS in ETF in order to grow his retirement funds.

Why Invest Your SRS Funds?

Your money in SRS Account earns 0.05% per annum. Therefore, if you contribute to the maximum annual limit of S$15,300, it earns a grand total of $7.65. That is probably sufficient for you to buy one Extra Value Meal at MacDonalds in a single year. Of course, an interest rate of 0.05% pales significantly to OCBC’s 360 Account. In other words, your funds in SRS is left idling around earning a ......
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By Heartland Boy
Heartland Boy is a young working adult who pretends to be competent in the real estate industry despite graduating with only a Business Management degree. Outside of work, he analyses stocks, reits and property for investment to build passive income. He is also a stickler for all things that represent value-for-money.
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