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STOCK BROKERS & INVESTING
📝 POEMS Cash Plus: hmsg.link/poems
🐂 Webull Singapore (Free Stock) hmsg.link/sgwe...
🐮 moomoo SG (Free Stock) hmsg.link/sgmo...
🐯 Tiger Brokers SG Code HONEYMONEY (Free stock): hmsg.link/sgtiger
🐬 uSMART Securities Code nn8gx7 (Free Stock) hmsg.link/sgus...
📈 Interactive Brokers: hmsg.link/ibkr
📗 Seeking Alpha Premium $99 ONLY hmsg.link/seek...
🐯 Tiger Brokers International Code HMONEYSG: hmsg.link/ustiger
🐮 moomoo US by Futu Inc (Free Stocks) hmsg.link/usmo...
CREDIT CARDS & PAYMENT APPS
💳 Credit Cards Affiliate Links (Singsaver gifts) t.me/sgpromocode
💨 Dash PET 1.5% interest CODE DASH-RXQ45 hmsg.link/dash
🚌 Revolut SG hmsg.link/revolut
☯ YouTrip ($5 Bonus) hmsg.link/youtrip
💰 iPayMy hmsg.link/ipaymy
💳 CardUp Use WAIKITC316 to get S$30 off the CardUp fee for first payment app.cardup.co/...
✈ SIA Kris+ App Code: C647172 hmsg.link/kris...
😻 Favepay hmsg.link/fave
🅱 BigPay $10 referral code KJN6MN5GS0 at bigpay.link/ref...
💴 Instarem Amaze hmsg.link/amaze
🙏Trust Bank Code: HUQPC614 www.trustbank.sg
🪺 Nestia $0.50 off SG-QR hmsg.link/nestia
🛒 NTUC Union hmsg.link/ntuc...
ROBO-ADVISORS
☣ Syfe Trade & Wealth: Use code HONEYMONEY @ www.syfe.com/
🦉 MoneyOwl RoboAdvisor Code: 8JPW-62FZ (FREE $20) hmsg.link/mone...
🤖 Endowus RoboAdvisor (FREE $20) hmsg.link/endowus
If you sign up for any of these services using my link, I will earn a small commission which helps support my channel at NO additional cost to you. And you will definitely get some referral benefits as listed here!
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Email (Business only): sghoneymoney@gmail.com
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I finally found the best method to invest in S&P500 funded using SRS
Mentioned in my previous video, you could invest through Endowus buying the LionGlobal Infinity US 500 fund ($20 access fee)
But here lies the problem, the access fee of 0.3% is recurring every year and will charge higher with your portfolio increasing over time.
I also talked about buying ticker S27 (S&P500 ETF) listed in. SGX but the downside is there is a minimum lot of 10 shares per order at that time
But what has changed is that SGX has lowered the lot size of ETF effective Jan 2022, and this means that you could start buying 1 unit of S27 ($450 USD) per order.
- Problem: Min commission of $25 per order if using traditional brokers like DBS Vickers
- Not effective for Dollar Cost Average (DCA)
#NOTSPONSORED
- Commission rate: 25/600 = 4% trading expense per order
- Still have to buy more shares to reduce the trading expense ratio
Solve the problem: POEMS Cash plus account
- 0.08%, No min commission for Singapore stocks/ETF
- No account maintenance or custodian fee if you make 1 trade per quarter
- 1% Dividend handling fee (min S$1.07), 4 dividends annually for S27
- Actual e-statement, total fee around 0.19% net, less than $1 USD
- Link SRS account
- Need to Deposit Cash as collateral to enable trading
POEMS Cash plus referral
- 1 month free US trades
- Deposit $3000 within 7 days of account opening
- Maintain $3000 for one month to be eligible
www.poems.com....
My SRS Investing plan
- Buy 1 unit of S27 every two weeks for DCA
- Around S$600 per order, S$1200 per month, fits nicely with the S$1275 monthly contribution to SRS