Low cost investment funds

A few people have written to ask for my advice on the low cost funds that they can invest in. Here are some options.

1. STI ETF. You can invest in a minimum of 100 units of this fund. At the current price, the investment is about $3,500. You can accumulate your savings and buy the ETF every few months. Alternatively, you can open an online account with a stockbroker which allows you to purchase odd shares of the ETF under a special plan. (Check with Philipps Securities).

2. Unit Trust. There are some low cost unit trust that accept monthly savings. I am looking for a financial adviser who is keen to promote these funds.

3. Ideal plan. You can buy the Ideal plan directly from the business center of NTUC Income and have 100% of the monthly savings to be invested in the combined fund.

Read these FAQs:
http://www.tankinlian.com/faq/fptips.html
http://www.tankinlian.com/faq/choice.html