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(Post 187/ Year 4 Week 12)Learning investing/trading together part 32:Intro to FSM regular saving plan
By Sonicericsg  •  December 2, 2020
Recently at last Nov ,FSM(FundSuperMart) has step up their game to offer regular saving plan for various local and international ETF.I thought it would be interesting to write a guide regarding this regular saving plan,so here we are! For other Fsm related post (Post 130/ year 3 week 8) Learning investing/trading together part 22:How to purchase a stock?(FSM) What is a regular saving plan (rsp)? Regular saving plan(rsp) offers investor an affordable and convenient way of investment by committing a fixed amount of money on a monthly basis for a shares,allowing us to enjoy the benefit of dollar cost averaging What is dollar cost averaging? When the share price is higher,we would buy fewer shares with a fixed dollar amount When the share price is lower,we would buy more shares with the same amountThis mean we automatically buy less at market high and buy more at market lowsOvertime,the price we...
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By Sonicericsg
Hi everyone, I'm soniceric, my real name is of course not soniceric, it's just Ericsson :) The reason I name this blog as soniceric is a word play on the brand of "sony Ericsson" hence soniceric(geddit?) I am currently a 22 years old nsf who is about to ord soon and receiving a paltry ns allowance of $800 per month. To date, I have managed to save more than 10k and have already use the money for various purpose(emergency fund, peer to peer lending,posb invest saving and stocks, trading etc).
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