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Originally Posted by Unregistered
Thanks for sharing. May I know how did you invest your SRS funds? I have been toying with the idea of SRS but banks are charging outrageous fees for transactions.
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What kind of outrageous fee did you get ?
I am charged 0.25% percent + nominal fee for investing in equity. Just buy STI ETF using SRS when you dividend level of STI hits 5%.
If you dont invest, then SRS is really a cash investment. 0.25% leh . If you hold for 10 years, assume 4% missed growth, the value of this cash is 40% drop in purchasing power.
In fact SRS is my defacto equity account. I hold it to do equity. I prefer this to using my real free cash float which is unrestricted.