EndowUs Roboadvisor: investing using CPF

[ashethen]

Unlikely. $7/mth, $84/yr is about 0.3% of 25k. Won't even cover Endowus fee, much less expense ratio of the funds.

My unit trust was bought in 8 December, so prorated it should be more than 0.3% ?

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[s0crates]

Only endowus fees will be deducted in the form of sale of units la... Funds' expenses are automatically deducted from fund NAV, just like any etf or any funds

My unit trust was bought in 8 December, so prorated it should be more than 0.3% ?

Posted from PCWX using SM-N960F

 

[zumaba]

For CPF fund deposited into EndowUs, is any fee charged like if using CPF fund to buy and sell shares?

 

[ashethen]

Only endowus fees will be deducted in the form of sale of units la... Funds' expenses are automatically deducted from fund NAV, just like any etf or any funds

Yeah only the access fees. Not everything included

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[highsulphur]

Is endowus the only platform for investing using SRS? Is there a referral program for it?

 

[eAtNeAt]

They made a mistake of choosing uobkh.

 

[WoShiPro]

They made a mistake of choosing uobkh.

Agreed. UOBKH is the bottleneck.. 1-2days to reflect deposit and another 3-4days for investment way too slow as compare to other robo.

 

[FinalDestiny...]

For CPF fund deposited into EndowUs, is any fee charged like if using CPF fund to buy and sell shares?

There is the transaction fee of $2 - $2.50 depending on the bank you open your CPFIS account with. This fee is per portfolio, not per fund.

There is the quarterly admin fee of $2.14 charged by the bank as well.

Is endowus the only platform for investing using SRS? Is there a referral program for it?

StashAway has SRS investment options too.

Agreed. UOBKH is the bottleneck.. 1-2days to reflect deposit and another 3-4days for investment way too slow as compare to other robo.

Agreed that the transaction speed is a little slow. But I don't think Endowus had other choices, since UOBKH is already a CPF Administrator.

 

[Mr. Wood]

Agreed that the transaction speed is a little slow. But I don't think Endowus had other choices, since UOBKH is already a CPF Administrator.

hmmm.... i thot UOB is, but UOBKH was not until endowus specifically bring in uobkh.

 

[highsulphur]

Which is better for SRS? Endowus or StashAway?

 

[assiak71]

Which is better for SRS? Endowus or StashAway?

My personal pref is endowus for srs

https://forums.hardwarezone.com.sg/money-mind-210/srs-portfolio-5998560-17.html

 

[highsulphur]

My personal pref is endowus for srs

https://forums.hardwarezone.com.sg/money-mind-210/srs-portfolio-5998560-17.html

Mind explaining why you think so?

 

[assiak71]

Mind explaining why you think so?

Thats why provided link

 

[highsulphur]

Thats why provided link

sorry missed that

 

[s0crates]

3-4 days is to show completed. The trade is executed on the same day for cash investment. It's just as fast as any robo.

Agreed. UOBKH is the bottleneck.. 1-2days to reflect deposit and another 3-4days for investment way too slow as compare to other robo.

 

[hwmook]

3-4 days is to show completed. The trade is executed on the same day for cash investment. It's just as fast as any robo.

I just checked my CPF investment, its priced on the next working day so seem fast enough for me but they will only update when the transaction is close around 2 working days later after its priced.

 

[leoleong]

Need some advice on endowus

I'm planning to start investing using CPF OA fund with monthly top-up.

Example: 20K initial endowus account setup, thereafter top up $200 every month. Is this method worth it, will the fee be any issue?

I believe there is fee for every transaction of around $2 to $2.50, am I right?

 

[MeowEatsFish]

Need some advice on endowus

I'm planning to start investing using CPF OA fund with monthly top-up.

Example: 20K initial endowus account setup, thereafter top up $200 every month. Is this method worth it, will the fee be any issue?

I believe there is fee for every transaction of around $2 to $2.50, am I right?

There's fee around $2 to $2.50 charged by agent bank for each transaction. Lump sum might be better.

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[Okenba]

Need some advice on endowus

I'm planning to start investing using CPF OA fund with monthly top-up.

Example: 20K initial endowus account setup, thereafter top up $200 every month. Is this method worth it, will the fee be any issue?

I believe there is fee for every transaction of around $2 to $2.50, am I right?

if you chk endowus faq, i think they tell you all the fees.

transaction fee 2/month = 24/year
total 24/year for investing 2400/year (200/mth)
So on top of whatever Endowus Fees and Fund management fees, you're also paying an additional 1% per year to the bank for transaction fees.

 

[s0crates]

You didnt add in the quarterly maintainance fee from the agent banks as well ...

Suggest you write in and ask for a quarterly investment option... As it is endowus is definitely not user friendly for people serving mortgages.

if you chk endowus faq, i think they tell you all the fees.

transaction fee 2/month = 24/year
total 24/year for investing 2400/year (200/mth)
So on top of whatever Endowus Fees and Fund management fees, you're also paying an additional 1% per year to the bank for transaction fees.