By In Singapore’s dynamic financial landscape, building wealth doesn’t require a substantial lump sum or perfect market timing. Regular Savings Plans (RSPs) have emerged as one of the most effective strategies for Singaporeans to grow their wealth systematically through fixed monthly contributions. This approach, known as dollar-cost averaging (DCA), offers a disciplined pathway to long-term financial growth.
The Power of Fixed Monthly Investments
Dollar-cost averaging is a powerful investment strategy that involves purchasing a fixed monetary amount of a particular investment on a regular schedule, regardless of market fluctuations. This approach naturally buys more units when prices are low and fewer units when prices are high, effectively averaging out your purchase price over time.
The benefits are compelling: reduced emotional investing, consistent discipline, and accessibility for those starting with smaller amounts. Rather than attempting to time the market—a notoriously difficult endeavour even for professionals—DCA allows investors to benefit from market volatility whilst maintaining a steady investment rhythm.
What to Look for in a Monthly Investment Platform
Minimum Investment Requirements
The best platforms for monthly investing accommodate modest beginnings. Look for platforms allowing contributions as low as S$50-S$100 per month, making wealth building accessible to young professionals and those just starting their investment journey.
Fee Structure
Transaction fees can significantly impact returns over time. Some platforms charge flat fees per transaction, others use percentage-based structures, whilst many waive fees entirely for RSPs. Additionally, consider platform maintenance fees, currency conversion charges for international investments, and potential inactivity fees.
Investment Product Variety
Top platforms offer diverse investment options including Exchange Traded Funds (ETFs) for cost-effective diversification, unit trusts for professional management, individual stocks and REITs for targeted exposure, and robo-advisor portfolios for automated allocation.
Automation and Convenience
Seamless GIRO setup, flexible contribution adjustments, and user-friendly interfaces across desktop and mobile platforms are essential for maintaining consistent investment habits.
Singapore’s Top Monthly Investment Platforms
Traditional Brokerages with RSPs
DBS Invest-Saver stands out for beginners with its seamless integration with DBS banking services. The platform focuses on SGX-listed ETFs and blue-chip stocks, offering competitive fees and strong educational resources. Its integration with existing DBS accounts makes setup particularly straightforward.
OCBC Blue Chip Investment Plan (BCIP) provides similar benefits with a focus on established SGX companies and ETFs. The platform’s strength lies in its stability and comprehensive customer support, making it ideal for conservative investors seeking steady growth.
POEMS Share Builders Plan from Phillip Securities offers one of the longest-standing RSP options in Singapore. The platform provides access to SGX stocks and increasingly international options, with different fee structures including percentage-based charges for Share Builders Plan and per-trade fees for their Recurring Plan.
FSMOne Regular Savings Plan distinguishes itself through an extensive selection of unit trusts and ETFs, competitive RSP fees, and the ability to utilise CPF and SRS funds. This flexibility makes it particularly attractive for comprehensive retirement planning.
Robo-Advisors: The Automated Approach
StashAway has gained popularity for its diversified, automated portfolios across various risk levels. With low minimum investments starting from S$200 monthly and support for both cash and SRS accounts, it offers professional portfolio management without the complexity.
Syfe provides diverse portfolio options including specialised themes like REIT+ and Core portfolios. The platform supports cash, SRS, and select CPF options, making it versatile for different financial goals and circumstances.
Endowus offers unique access to institutional-class funds typically reserved for high-net-worth individuals. Whilst minimum investments are higher than some competitors, the platform’s ability to invest via Cash, SRS, and CPF-OA/SA accounts, combined with competitive fees for the value provided, makes it attractive for serious long-term investors.
Digital Brokerages with Recurring Features
Webull Singapore allows recurring investments into US stocks and ETFs, plus SGD/USD mutual funds. The platform’s competitive fee structure and comprehensive research tools appeal to investors seeking international diversification.
Moomoo Singapore and Tiger Brokers now offer auto-invest features for US, Hong Kong, and Singapore markets. These platforms combine low fees with advanced trading tools, though they may require more investment knowledge than traditional RSPs.
Interactive Brokers caters to experienced investors with its global reach and ability to set up recurring purchases for US, Canadian, and European shares, including fractional shares. Whilst the platform offers extensive options, its complexity may overwhelm beginners.
Tailoring Your Choice to Your Needs
For Beginners
Focus on user-friendly interfaces, comprehensive educational resources, and strong customer support. DBS Invest-Saver, OCBC BCIP, StashAway, and Syfe excel in these areas.
For CPF/SRS Investors
Platforms supporting these retirement funds include Endowus, FSMOne, and select bank-linked brokerages. This capability allows tax-efficient investing whilst building retirement wealth.
For Global Diversification
Interactive Brokers, Webull, Moomoo, and robo-advisors offer broad international exposure, essential for reducing single-country risk and accessing global growth opportunities.
For Fee-Conscious Investors
Whilst the lowest fees don’t always equate to the best value, platforms like certain digital brokerages and robo-advisors offer competitive pricing structures that can significantly impact long-term returns.
Getting Started: Your Next Steps
The beauty of monthly investing lies in its simplicity and consistency. Begin by assessing your risk tolerance, investment timeline, and preferred level of involvement. Consider starting with a modest amount you can comfortably maintain—remember, consistency trumps size in long-term wealth building.
Most platforms offer educational resources and customer support to help navigate the initial setup. Don’t hesitate to utilise these resources, as understanding your chosen platform enhances confidence and long-term success.
For comprehensive guidance on investment strategies, the Monetary Authority of Singapore’s investor education portal provides valuable insights into various investment approaches and risk management.
Additionally, Singapore Exchange’s investor resources offer detailed information about local investment products and market dynamics.
Conclusion
Singapore’s investment landscape offers numerous pathways to build wealth through regular monthly contributions. Whether you prefer the simplicity of robo-advisors, the comprehensive services of traditional brokerages, or the advanced features of digital platforms, consistency remains the key to success.
Choose a platform that aligns with your comfort level, financial goals, and preferred investment approach. Remember that investing involves risk, and the value of investments can fluctuate. Start with amounts you can sustain long-term, and consider seeking professional financial advice if you’re uncertain about your investment strategy.
The journey of building wealth through monthly investments is a marathon, not a sprint. By choosing the right platform and maintaining discipline, you’re positioning yourself for long-term financial success in Singapore’s vibrant economy.
