A thoughtful gift for the dad who wants nothing

He may say he doesn't want anything, but, trust us, he does.

Here, moomoo has rounded up the thoughtful Father's Day gifts for every kind of dad so you can get that smile from him this time around. You deserve it.

We believe that every dad was determined to make a better life when he has a kid. Wouldn’t it be a better idea to give him something which will help him secure his financial future?

[1] RSP works via cost averaging by allocating more units when stock prices drop and lesser units when prices soar.
[2] Large energy is required if one is to purchase shares directly to create a diversified portfolio. When one invests in mutual funds, stocks can be bought by spending a few thousand SGD only.

Tab to know more about the benefits of RSP

When setting up your RSP, you should decide three things:
[1] Choosing appropriate funds.
[2] Investment amount each time.
[3] Frequency: daily, weekly, every two weeks, or monthly.

Let's talk about them respectively.

1. Choosing appropriate funds
Direction is more important than speed. Not all funds are suitable for RSP.
Generally, equity funds and balanced funds tend to be better choices due to their higher potential return.
However, a fund with a higher potential return is not always the best option. You must consider the product's risk level, investment objective, and investment period.

Tab to know the difference between each type of fund.

2. How much should you invest each time?
The investment amount depends on you. Here are some suggestions for reference.

In addition, here are four common myths about RSP. Read the following article to help you make smarter decisions.

Enjoy the gift and happy Father's Day!