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Regular Saving Plan (RSP)- Monthly investment 500 to SCHG & VYMI in MooMoo

Steps to Set Up a Monthly RSP Investment in SCHG and VYMI

Determine the Investment Amount

  • First, decide how much you want to invest monthly in total. For example, let’s say you want to invest $1,000 per month into your RSP.

  • You’ll need to decide how to split the investment, for me i choose to be 50/50 between SCHG and VYMI. You can customize it based on your risk tolerance and investment goals.

 Split:

  • 50% in SCHG (Growth Focus): $500/month

  • 50% in VYMI (Dividend Focus): $500/month

How to Set Up the RSP in your Trading Platform 

  • Many platforms, including MooMoo, allow you to set up Regular Saving Plan which automatically deducts funds from your account each month and invests in the securities you’ve selected.

  • In MooMoo, here’s how to do it:

    • Log into MooMoo: Open the app and sign in.

    • Click on "account" then select "More": Select your RSP account in the app.

    • By clicking on"Create Plan", you can directly create an RSP by putting the stock symbol. 

    • Select the "paying account"  to choose where the fund will be deposit from. 

    • Select SCHG and VYMI: Choose SCHG and VYMI for your monthly investment, and allocate the amounts based on your desired split.

    • Confirm the Amount and Frequency: Confirm the $500 for each ETF (or whatever amount you choose) and set it to occur monthly.

# Invest safely




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