Would a $150 monthly investment into blue-chips through OCBC Frank be a good plan even with the monthly fee of $5?
OCBC Frank allows $100 investment a month for blue-chip but considering that I have to make extra $5 monthly fee will I be making a loss at the end of the year?
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From my personal experience OCBC Monthly Investment plan is too expensive for someone who wants to invest $150 a month. In my case I started out with $500 every month and OCBC only charged me for the first $5 transaction only and was not charged for further transactions anymore. I will advise that you step up your monthly investment amount.