Regular Savings Plan (RSP) for dad 👨?
My father is a very stubborn & conservative person.
There's no way he will allow me to handle his funds. So, that's not an option.
In a sense is also good![]()
as there's no need for me to give any responsibility to him if it somehow go otherwise ![]()
.
Maybe if I'm a fund manger with results, my father will trust me more. (He also don't trust fund mangers![]()
)
There's no way he will allow me to handle his funds. So, that's not an option.
In a sense is also good
Maybe if I'm a fund manger with results, my father will trust me more. (He also don't trust fund mangers
Why is it good to create a RSP for your dad?
1. The fixed income is stable
2. Higher interest than bank 🏦
3. Got moomoo promo vouchers bonus![]()
4. U do not need put 100% saving into bank
5. U can make plan as low as $100 per month
6. Make u committed to saving & earned from ur savings when sleeping![]()
7. Not really a point but it's safer than buying stocks![]()
1. The fixed income is stable
2. Higher interest than bank 🏦
3. Got moomoo promo vouchers bonus
4. U do not need put 100% saving into bank
5. U can make plan as low as $100 per month
6. Make u committed to saving & earned from ur savings when sleeping
7. Not really a point but it's safer than buying stocks
Downsides of RSP:
1. U have to be committed to ur plan every months
2. Nothing is 100% safe in investment
3. Cannot immediately mobilise ur funds if there is an emergency in need of![]()
=3 working days ![]()
1. U have to be committed to ur plan every months
2. Nothing is 100% safe in investment
3. Cannot immediately mobilise ur funds if there is an emergency in need of
So, nothing to show ![]()
.
For more informations about RSP:
Moo_Rich :Bonus Rewards: Share the regular savings plan you did for your dad
Moo_Rich :Bonus Rewards: Share the regular savings plan you did for your dad
DYODD before investing![]()
Edited on 21/6/2022:
After thinking 🤔 for awhile... if my dad don't want, why I don't invest for myself instead![]()
+![]()
when I find the promo so attractive? ![]()
Why I'm so stupid ah![]()
+![]()
?
After thinking 🤔 for awhile... if my dad don't want, why I don't invest for myself instead
Why I'm so stupid ah
Here, there u have it (my auto invest plan)![]()
:
Note:
Yes, guys... u can choose to deduct from ur bank account. But I decided to choose my FUTU Universal Account![]()
.
Yes, guys... u can choose to deduct from ur bank account. But I decided to choose my FUTU Universal Account
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Milk The CowOP : By the way, @Moo_Rich... is it true that u can pause ur auto investment plan
?
.
If can, that's really cool
Moo_Rich Milk The CowOP: Sorry for the delayed reply.... of course, we can. And for example, if you set up an RSP for cash plus, even if you redeem your shares this month, it does not affect your plan for the next month.
Thanks for your always support!
Milk The CowOP Moo_Rich: ic