EndowUs Roboadvisor: investing using CPF

[chienwei]

started investing with EndowUS using CPF OA funds. seems like the only robo now that can allow customers to use CPF funds.

anyone else tried?
i started since late oct.

 

[ceciltan]

should be starting it soon as I most likely will not be using my CPF OA for any purchase of house anytime soon.

 

[WoShiPro]

Keen to start.. 0.4% commission but require 10k min and the market is at/near peak does come with slightly more risk than DCA a small sum into portfolio every month..

 

[chienwei]

Keen to start.. 0.4% commission but require 10k min and the market is at/near peak does come with slightly more risk than DCA a small sum into portfolio every month..

maybe choose the more conservative portfolios, or wait till there is a correction.

 

[w1rbelw1nd]

maybe choose the more conservative portfolios, or wait till there is a correction.

Actually wouldnt the CPF OA 2.5% be part of the more conservative portfolio?

Something I asked myself when I set up my CPF investment through endowus - is it better to have them manage the bonds part, or I sort of self-allocate that portion by allocating a certain amount of my CPF investable amount on a 100% equity portfolio and the remaining in CPF OA.

That might the other way around it!

 

[w1rbelw1nd]

I actually like how they show how much rebate we are getting.

I think we will finally get an investment option for our CPF where we can truly have low cost, global equity exposure for, and not just say "CPF-OA should be treated as bonds or should only be used to pay for residence".

 

[Okenba]

Keen to start.. 0.4% commission but require 10k min and the market is at/near peak does come with slightly more risk than DCA a small sum into portfolio every month..

Why not just move OA to SA for risk free 4%?

 

[WoShiPro]

Why not just move OA to SA for risk free 4%?

SA cannot touch.. dunno when nid to BTO..

 

[BBCWatcher]

SA cannot touch.. dunno when nid to BTO..

If you need OA funds as OA for housing -- if you don't have enough accumulated wealth elsewhere to make a down payment, in particular -- then you most probably shouldn't be investing those funds in volatile assets either. A 2.5%/year yield on "3 year money" (for example) is a very reasonable yield.

In my view the CPF Investment Scheme (OA) is really only merited after your Special Account has hit the Full Retirement Sum (and OA to SA transfer opportunities are exhausted), after you've done whatever you've done with a housing down payment if you need OA dollars as OA, and while you have OA dollars piling up with a sufficiently long time horizon until drawdown (retirement). Then, OK, go ahead and explore the CPF Investment Scheme.

 

[w1rbelw1nd]

Wow someone posted a very detailed post on endowus onboarding

https://az-ra-el.blogspot.com/2019/11/investing-my-cpf-oa-with-endowus.html

 

[Yallingup]

Very cool. Thanks for sharing!

Wow someone posted a very detailed post on endowus onboarding

https://az-ra-el.blogspot.com/2019/11/investing-my-cpf-oa-with-endowus.html

 

[w1rbelw1nd]

The order of things should be like this:

1. Do your budgeting and ascertain:
a) whats your housing cash outflow projection
b) level of CPF OA inflow from salary and bonuses

2. Check out what is in your current CPF OA balance

3. based on 1 and 2, decide on whether to invest your CPF money into SA or through CPFIS.

Now that Endowus is available, I feel like I have a viable diversified equity investment option using CPF OA. I am not interested in the 4% returns purely because the returns are

a) NOT GUARANTEED
b) long term wise, lower than equity returns, even net of fees
c) my money is going to be locked up 25 years or more anyway.

And its not that I will withdraw CPF OA funds to cash immediately lump sum at 55. The option to convert it to cash and holding it at a slightly more attractive rate (2.5% for now) is valuable. We have a very very long run way with CPF OA investing and for me there is a very strong inclination to maximise returns WITH PROPER BUDGETING.

 

[napoleon bohlumpar]

wah.............can use CPF for robotrader ah.........

this is new news to me...........



EndowUs is by CPF ?..........

 

[hwmook]

The order of things should be like this:

1. Do your budgeting and ascertain:
a) whats your housing cash outflow projection
b) level of CPF OA inflow from salary and bonuses

2. Check out what is in your current CPF OA balance

3. based on 1 and 2, decide on whether to invest your CPF money into SA or through CPFIS.

Now that Endowus is available, I feel like I have a viable diversified equity investment option using CPF OA. I am not interested in the 4% returns purely because the returns are

a) NOT GUARANTEED
b) long term wise, lower than equity returns, even net of fees
c) my money is going to be locked up 25 years or more anyway.

And its not that I will withdraw CPF OA funds to cash immediately lump sum at 55. The option to convert it to cash and holding it at a slightly more attractive rate (2.5% for now) is valuable. We have a very very long run way with CPF OA investing and for me there is a very strong inclination to maximise returns WITH PROPER BUDGETING.

I am those that take out OA to invest, 4% PA is very unattractive to me since I can afford to invest for decades ahead. Endowus is quite interesting for me since it can give me lower fees than 0% sale charges platforms.

 

[w1rbelw1nd]

I am those that take out OA to invest, 4% PA is very unattractive to me since I can afford to invest for decades ahead. Endowus is quite interesting for me since it can give me lower fees than 0% sale charges platforms.

Let me know if you need a referral link

 

[hwmook]

Let me know if you need a referral link

I already open an account...

 

[assiak71]

Nope to cpf. Considering endowus for srs instead

 

[iceblendedchoc]

If you need OA funds as OA for housing -- if you don't have enough accumulated wealth elsewhere to make a down payment, in particular -- then you most probably shouldn't be investing those funds in volatile assets either. A 2.5%/year yield on "3 year money" (for example) is a very reasonable yield.

In my view the CPF Investment Scheme (OA) is really only merited after your Special Account has hit the Full Retirement Sum (and OA to SA transfer opportunities are exhausted), after you've done whatever you've done with a housing down payment if you need OA dollars as OA, and while you have OA dollars piling up with a sufficiently long time horizon until drawdown (retirement). Then, OK, go ahead and explore the CPF Investment Scheme.

Any recommendations on cpf oa investment?

 

[blurpandasg2014]

I was able to create a CPF investment on endowus with initial investment set at 1k.

Wonder if this would go thru since website states minimum initial is 10k

 

[chienwei]

Actually wouldnt the CPF OA 2.5% be part of the more conservative portfolio?

Something I asked myself when I set up my CPF investment through endowus - is it better to have them manage the bonds part, or I sort of self-allocate that portion by allocating a certain amount of my CPF investable amount on a 100% equity portfolio and the remaining in CPF OA.

That might the other way around it!

i would think CPF is more like fixed deposit. Bonds can fluctuate.