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Tuesday, 26 June 2018

(Post 35/week 26)Investment project updates part 2:Posb invest saver JUNE 2018 summary

8.Posb invest saver(JUNE 2018)

 My POSB invest saver update for the month of may, read here

Regular saving plan updates for ABF Singapore Bond Index Fund(A35)

Breakdown of my regular saving plan(A35) this month(June 2018)
Total amount(regular saving plan)A35:$100
Price per share:$1.11700
Gross sales charge:0.5%
Net sales charge amount:0.5% of 100=$0.50
Net amount invested: Total amount-net sales charge amount=$100-$0.50=$99.50
Units issued: Net amount invested/price per share=$99.50/$1.117.00=89.0778872=89 units
Summary: As of 22 June 2018, the share price of A35 was at 1.117, has some sign of going up due to STI ETF going down. Will be watching it for any further movement, could also be a warning sign that economy is slowing down.

Regular saving plan updates for Nikko AM Singapore STI ETF(G3B)


Breakdown of my regular saving plan(G3B) for this month(June 2018)
Total amount(regular saving plan)A35:$100
Price per share:$3.452300
Gross sales charge:0.82%
Net sales charge amount:0.82% of $100=$0.82
Net amount invested: Total amount-Net sales charge amount=$100-$0.82=99.18
Units issued: Net amount invested/price per share=$99.18/$3.452300=28.72867364=28 units

Summary: As of 22 June 2018 market closing time, the share price of G3B is at 3.43 and ES3 is at 3.345. Both ES3 and G3B has been on a downtrend for the last days and I think highly likely it will continue its downtrend, this could be a sign that the economy is slowing down. Will be watching it along with A35

(Current regular saving plan portfolio)

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2 comments:

  1. Anonymous2 July 2018 at 10:05

    Hi Ericsson,

    was looking for reviews with regards to the POSB invest saver plan and thought you had provided a comprehensive guide and updates

    I am someone new to investing, and looking to buy Nikko AM Singapore STI ETF and ABF Singapore Bond Index Fund. However, am unsure if this is the correct timing to buy.

    Do you have any advices with regards to your experience?

    Thank you!

    ReplyDelete
  2. Sonicericsg3 July 2018 at 18:01

    This is a very hard question,Posb invest saver only buy at a particular date,as you can see above it is at 18 jun,if you look from the G3B at yahoo historical data,it is going down these few day,i think you could still wait for a while more,the last time i started my posb invest saver in 2016,it was around 2.86,but then again the purpose for posb invest saver is dollar cost averaging instead of lump sum,so it should not matter when do you entry,but i would still recommend to wait,remember to dyodd!(do your own due diligence!)

    ReplyDelete