EndowUs Roboadvisor: investing using CPF

[twosix]

You should ask yourself which one gives you better returns in the timeframe you set. What is 0.4% fees if u r making more than 5% profits.

Dun miss the whole forest for a tree.

 

[s0crates]

did anyone else here get a recommended portfolio change for their 100% equities CPF portfolio? they are recommending a switch from LionGlobal Infinity Global Stock Index Fund SGD Class to LionGlobal Infinity Global Stock Index Fund SGD C Class. seems like its a conversion to C class shares? what's the difference anyway?

If you want to be a ultimate cost minimiser then you can actually buy the new C Class on FSM I think.

I am sticking to Endowus because I am quite sure at some point of time the dimensional funds will come in (0.26% TER) making their portfolios even cheaper. No point switching here and there when they record of doing the right things eventually, to the extent of having exclusive access.

 

[grandza]

10 months portfolios update for Endowus!

 

[ekardo]

is there any workaround to do DCA on CPF and dun have to pay all the exorbitant bank fee per transaction?

 

[silverbomb]

is there any workaround to do DCA on CPF and dun have to pay all the exorbitant bank fee per transaction?

no DCA. even if there is, per time they shift funds from CPFIS, fees will be deducted as part of CPFIS scheme.

 

[dappermen]

dont thk so , lesser your freq - do it quarterly or yrly
https://www.uob.com.sg/web-resource...cial/cpf-investment-account/CPFIS-charges.pdfb4 tt much ex
1. Shares / Loan Stocks / Unit Trusts / Exchange Traded Funds / Property Funds / Corporate Bonds - Purchase, Sale, Conversion of Loan Stocks, IPO Allotment, Scheme Of Arrangement, Application of Rights or Application of Excess Rights -S$2 per 1000 shares / units or part thereof, subject to a maximum of S$20 per transaction.
B. SERVICE CHARGE - S$2 per counter / holding per quarter

 

[investpedia2019]

If you are investing $1,000 monthly, the additional cost is $2/$1,000 or 0.2% which is not significant assuming stocks go up over time.

 

[ekardo]

Quite true, intially I thot of lump-sum parking in some bond fund that is safe and slowly move into etf or other higher risk funds by DCA. But think 2.5% at cpf weighs more than the $2 transaction charge.

 

[dappermen]

some bond fund that is safe and slowly move into etf or other higher risk funds by DCA.

y bond ? safe? but lately they r full of surprises!
do note Edwus wont hve etfs

 

[twinklingstars]

Hi guys.. I'm already currently buying into VRWA and QQQM from IBKR.. Will this endowus dimensional funds overlap with my current investment?

 

[dappermen]

yes surely

 

[sansanjikikut]

Endows no good referral promo nowadays

 

[dappermen]

there is
$20 in Access Fee credit

pm-ed

 

[assiak71]

Not cpf qn but need quick reply

For cash deposit via fast transfer lets say at 00xx hrs (just past midnight, business day), when will it be registered in endowus?

 

[vegavega25]

Not cpf qn but need quick reply

For cash deposit via fast transfer lets say at 00xx hrs (just past midnight, business day), when will it be registered in endowus?

If I had to guess, the date of transfer, since that is when HSBC receives it.

Why?

 

[assiak71]

If I had to guess, the date of transfer, since that is when HSBC receives it.

Why?

"Guess" means not from your personal experience?

FAQ says within 1 business day which is the max time. Would like to know the actual case

 

[vegavega25]

"Guess" means not from your personal experience?

FAQ says within 1 business day which is the max time. Would like to know the actual case

My personal experience is that the FAST transfer is reflected in about 3 minutes. However multiple instances of that experience are during the day and not your highly specific post-midnight 00xx hours. For that, it is a guess.

 

[assiak71]

My personal experience is that the FAST transfer is reflected in about 3 minutes. However multiple instances of that experience are during the day and not your highly specific post-midnight 00xx hours. For that, it is a guess.

Got it thanks

 

[dappermen]

 

[dgeralds]

Hi All

I recently invested $1000 from my CPFOA in Endowus and it is still in progress. I have the following deductions shown in:

CPF OA
INV -$942.14

UOB Bank (CPFIS-OA)
UOBKAYHIAN $1000

Anybody know why only $942.14 is deducted from my CPF OA instead of $1000? Thank you.