EndowUs Roboadvisor: investing using CPF

[katana71]

SGX has been underperforming for years

 

[silverbomb]

SGX has been underperforming for years

please keep to topic, discussion is going out of subj

 

[subprimelive]

For those who use endowus to buy funds via CPF money , does endowus or uobkh charge u custody fees?

 

[hwmook]

For those who use endowus to buy funds via CPF money , does endowus or uobkh charge u custody fees?

Endowus charge an access fee, no custody fees.

 

[JuniorLion]

Minimum still 10k?

 

[dappermen]

No longer

So long one pf: 1k is enugh

 

[JuniorLion]

Endowus charge an access fee, no custody fees.

Your CPFIS-IA broker charge you quarterly fees, no?

 

[dappermen]

Yes , a must!

 

[hwmook]

Your CPFIS-IA broker charge you quarterly fees, no?

Broker doesn't charge quarterly fees, its the bank that charge quarterly fees.

 

[dappermen]

same lah, it is the Bank who facilitate the trnsactions!!!!

 

[s0crates]

https://endowus.com/cpf-calculator-retirement
Anyone tried this? Looks pretty legit and very comprehensive, especially the pdf report. I got a few millions in my CPF even at early retirement because I chose to invest all of it haha. Good way to can see how many millions you can get from CPF from investing

 

[VanquishShadow]

same lah, it is the Bank who facilitate the trnsactions!!!!

not really.
If you go to the UOBKH statement and try to look for the line item on custody fees, you won't find it.
It will only appear in the CPF IS bank statement (which is either UOB or DBS or OCBC) which is a separate statement.

 

[katana71]

not really.
If you go to the UOBKH statement and try to look for the line item on custody fees, you won't find it.
It will only appear in the CPF IS bank statement (which is either UOB or DBS or OCBC) which is a separate statement.

It is always listed in my uob cpf bank statement without fail all these years.

 

[VanquishShadow]

Yup.. I think some ppl abv got confused between bank and broker. Each have their own statements. The CPF-IS fees will be reflected in the bank statement.

 

[RoadToFIRE]

hi guys...

I already have a cash investment portfolio and now would like to venture into investing my CPF-OA.

I have a 5 years investment horizon and main objective is to fully pay a singles BTO using my CPF when I'm eligible to apply. Understand that the opportunity cost would be 4% (if transfer to SA) since I have not hit the FRS, but If I'm confident that endowus can provide higher returns within my horizon, do you think this is an advisable strategy? anyone having similar plans or have done this before?

 

[dappermen]

5 years investment horizon and main objective is to fully pay a singles BTO using my CPF when I'm eligible to apply. Understand that the opportunity cost would be 4% (if transfer to SA) since I have not hit the FRS, but If I'm confident that endowus can provide higher returns within my horizon,

yes Edwus can!!!

 

[Mr. Wood]

hi guys...

I already have a cash investment portfolio and now would like to venture into investing my CPF-OA.

I have a 5 years investment horizon and main objective is to fully pay a singles BTO using my CPF when I'm eligible to apply. Understand that the opportunity cost would be 4% (if transfer to SA) since I have not hit the FRS, but If I'm confident that endowus can provide higher returns within my horizon, do you think this is an advisable strategy? anyone having similar plans or have done this before?

if 10 or 20yrs, possible. 5yrs i am not sure. must see yr risk level and choose portfolio wisely. but if u can only start to apply 5yrs frm now, den it is possible. generally singles will get receive key after 40 (multiple time reapply and rejections) so mayb giv yrself frm now till >40yo as investment horizon.
personally, i dun see it as opportunity cost becoz cpfsa after transfer cannot transfer back to oa for bto.

 

[RoadToFIRE]

if 10 or 20yrs, possible. 5yrs i am not sure. must see yr risk level and choose portfolio wisely. but if u can only start to apply 5yrs frm now, den it is possible. generally singles will get receive key after 40 (multiple time reapply and rejections) so mayb giv yrself frm now till >40yo as investment horizon.
personally, i dun see it as opportunity cost becoz cpfsa after transfer cannot transfer back to oa for bto.

I'm going with the lion global S&P 500 (100% equities), very comfortable with this risk compared to my cash port with 90% growth stocks. I'm 30 this year and dying to get a singles bto so I might consider sales of balance/re-offer of balance flats (if I'm not picky) where I can scoop it up asap when eligible 5 years later.

thanks for the highlight on the opportunity cost, guess it is only 2.5% and should be fairly easy to beat with 5 years horizon.

 

[ducky_88]

Is it the right time to buy S&P500?

 

[katana71]

everybody's portfolios dropped quite a bit when s&p500 was battered viciously last month