EndowUs Roboadvisor: investing using CPF

[zumaba]

Just have had my account linked with Cash/SRS/CPF. But got a bit confused for its way to creat the portfolio.

Is it under "+Add goal", right? and what is diff between "Cash goal" and "Cash Smart"?

 

[FinalDestiny...]

Just have had my account linked with Cash/SRS/CPF. But got a bit confused for its way to creat the portfolio.

Is it under "+Add goal", right? and what is diff between "Cash goal" and "Cash Smart"?

There should be ‘Cash Smart’ & ‘Fund Smart’.
Cash Smart is the cash management option. The potential gains is way lower than normal investments and should be treated like a low risk savings account instead.
Fund Smart is the investment option which allows you to choose your own choice of funds, it can be Cash/CPF/SRS.
The standard option is the advised investment option, in which you follow Endowus’s recommendation of fund choices.

Posted from PCWX using âš*ï¸*

 

[ice888]

Achieved about 7-8% return on CPF-OA in ~1.5 months through my Fund Smart portfolio

 

[RedsYWNA]

Achieved about 7-8% return on CPF-OA in ~1.5 months through my Fund Smart portfolio

What funds? That's better than mine......

 

[Sambuca78]

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

Sent from Google PIXEL 3A using GAGT

I read somewhere fee is waived for Endowus via UOB cpfis, if i remember correctly, right?

 

[flabbyblob]

I read somewhere fee is waived for Endowus via UOB cpfis, if i remember correctly, right?

Hi is anyone able to confirm if the fees are indeed waived? I do not think so.

In my case, $2 bank transaction fees for $500/mth is about 0.4%, which brings the total fees paid to about 1.4% (0.4% access fee + 0.99% fund level fee + 0.4%). This is excluding bank service fee of $2 per quarter per portfolio.

I'm not able to find the fund level fee on the Endowus website, but found the % from a post by FPL on reddit.
https://www.reddit.com/r/singaporefi/comments/hn5u3q/most_aggressive_but_diversified_investment/

If the bank transaction fees are true, then I may consider lump sum every few months.

 

[twosix]

Hi is anyone able to confirm if the fees are indeed waived? I do not think so.

In my case, $2 bank transaction fees for $500/mth is about 0.4%, which brings the total fees paid to about 1.4% (0.4% access fee + 0.99% fund level fee + 0.4%). This is excluding bank service fee of $2 per quarter per portfolio.

I'm not able to find the fund level fee on the Endowus website, but found the % from a post by FPL on reddit.
https://www.reddit.com/r/singaporefi/comments/hn5u3q/most_aggressive_but_diversified_investment/

If the bank transaction fees are true, then I may consider lump sum every few months.

Best is for u to ask endowus. None of us work for them, you trusts us to give u the right info?

 

[w1rbelw1nd]

Hi is anyone able to confirm if the fees are indeed waived? I do not think so.

In my case, $2 bank transaction fees for $500/mth is about 0.4%, which brings the total fees paid to about 1.4% (0.4% access fee + 0.99% fund level fee + 0.4%). This is excluding bank service fee of $2 per quarter per portfolio.

I'm not able to find the fund level fee on the Endowus website, but found the % from a post by FPL on reddit.
https://www.reddit.com/r/singaporefi/comments/hn5u3q/most_aggressive_but_diversified_investment/

If the bank transaction fees are true, then I may consider lump sum every few months.

No such thing as agent bank transaction fee being waive la, idk where he hear that from. Only thing is that it is cheaper.

 

[5408854088]

https://endowus.com/insights/chinese-new-year-prosperity/

Summary:

1. lowered 888 for sign-ups till end Feb
2. $28 for referrals.

Ok pretty much confirmed already, with increased referral bonus. Hopefully it's permanent, so difficult to recommend friends because of the $10,000

sharing this here

 

[proton_cannon]

They made a mistake of choosing uobkh.

Have to look at the backers of Endowus, got huge reason why they choosing UOB

Amongst all the robos, Endowus is the rare few no need to raise money from VC, because the backers are fully loaded and well connected with local banking, which is why they can get CPF approval to become the only robo that can work with CPF monies despite being so young.

technically it may also meant that Endowus have the less risk of collapse from lack of funds - the less risky robo platform you can invest with.

 

[naro]

Have to look at the backers of Endowus, got huge reason why they choosing UOB

Amongst all the robos, Endowus is the rare few no need to raise money from VC, because the backers are fully loaded and well connected with local banking, which is why they can get CPF approval to become the only robo that can work with CPF monies despite being so young.

technically it may also meant that Endowus have the less risk of collapse from lack of funds - the less risky robo platform you can invest with.

Who are the backers of endowus?

 

[Sambuca78]

Hello, noob here.

If I want to do 100% equity, DCA $1000/mth from CPF

Which allocation is recommended and low fee? Thanks.

Infinity US 500 Stock Index Fund (50%)
Infinity Global Stock Index Fund (50%)

OR

Infinity US 500 Stock Index Fund (45%)
Infinity Global Stock Index Fund (40%)
First State Dividend Advantage (15%)

 

[ashethen]

Hello, noob here.

If I want to do 100% equity, DCA $1000/mth from CPF

Which allocation is recommended and low fee? Thanks.

Infinity US 500 Stock Index Fund (50%)
Infinity Global Stock Index Fund (50%)

OR

Infinity US 500 Stock Index Fund (45%)
Infinity Global Stock Index Fund (40%)
First State Dividend Advantage (15%)

50% schroder asian growth
25% us 500
25% India equity fund

Posted from PCWX using SM-N960F

 

[RedsYWNA]

Hello, noob here.

If I want to do 100% equity, DCA $1000/mth from CPF

Which allocation is recommended and low fee? Thanks.

Infinity US 500 Stock Index Fund (50%)
Infinity Global Stock Index Fund (50%)

OR

Infinity US 500 Stock Index Fund (45%)
Infinity Global Stock Index Fund (40%)
First State Dividend Advantage (15%)

I just do 100% equity for Infinity US 500 stock index fund......keep it simple. And use my cash for non US exposures.

 

[5408854088]

Hello, noob here.

If I want to do 100% equity, DCA $1000/mth from CPF

Which allocation is recommended and low fee? Thanks.

Infinity US 500 Stock Index Fund (50%)
Infinity Global Stock Index Fund (50%)

OR

Infinity US 500 Stock Index Fund (45%)
Infinity Global Stock Index Fund (40%)
First State Dividend Advantage (15%)

or you can simply choose their 100% equity recommended portfolio. there is a total of 4 funds in it.

 

[twosix]

Pardon for jumping in discussion.. A reference which may benefit the community

EndowUs Referral code → https://endowus.com/invite?code=xxxxxxcc

Both of us will each get $20 in Access Fee credit (equivalent to $10,000 advised free, assuming Access Fee of 0.40%).

Endowus celebrates this Lunar New Year with $888!
For the month of February, Endowus will lower the minimum investment requirements from $10,000 to an auspicious $888 to celebrate the Lunar New Year.

This promotion is valid from 1 February 2021 till 14 February 2021 (promotion period).

Referral code not allowed leh.

 

[Shutterfly]

Pardon for jumping in discussion.. A reference which may benefit the community

EndowUs Referral code → xxxxxxxxxx

Both of us will each get $20 in Access Fee credit (equivalent to $10,000 advised free, assuming Access Fee of 0.40%).

Endowus celebrates this Lunar New Year with $888!
For the month of February, Endowus will lower the minimum investment requirements from $10,000 to an auspicious $888 to celebrate the Lunar New Year.

This promotion is valid from 1 February 2021 till 14 February 2021 (promotion period).

You are not allowed to post referral code here.

 

[SuperDecker]

I'm doing a monthly cpf dca of $450 into Endowus. Before I started the dca, I had some monies in cpfia account with dbs. They deducted the monies from the cpfia account until it was depleted before deducting from cpfoa. Deducting from cpfoa, this incurs $2.64 of bank fee every month. The monthly dca amount can go higher but I would like to keep some amount of my monthly contribution in cpfoa for future housing. The bank fee is almost 0.6% additional fee which is substantial.

I have more than one year of dca monies in cpfoa. I am thinking if I should invest that sum into a fund, liquidate and park the monies in cpfia and let endowus deduct every month. I incur only $2.64 per year. If there is activity aka deduction every month in cpfia account, they won't withdraw the monies back into cpfoa right?

Seek advice if its worthwhile.

 

[WoShiPro]

I'm doing a monthly cpf dca of $450 into Endowus. Before I started the dca, I had some monies in cpfia account with dbs. They deducted the monies from the cpfia account until it was depleted before deducting from cpfoa. Deducting from cpfoa, this incurs $2.64 of bank fee every month. The monthly dca amount can go higher but I would like to keep some amount of my monthly contribution in cpfoa for future housing. The bank fee is almost 0.6% additional fee which is substantial.

I have more than one year of dca monies in cpfoa. I am thinking if I should invest that sum into a fund, liquidate and park the monies in cpfia and let endowus deduct every month. I incur only $2.64 per year. If there is activity aka deduction every month in cpfia account, they won't withdraw the monies back into cpfoa right?

Seek advice if its worthwhile.

I think once you sell the position the amt will be transfer to cpfoa it will not stay in yr cpfis acc. I will suggest to dca with higher amt.. for myself I try to dca every quarter to reduce the cpf fees.

 

[silverbomb]

Pardon for jumping in discussion.. A reference which may benefit the community

EndowUs Referral code →

Both of us will each get $20 in Access Fee credit (equivalent to $10,000 advised free, assuming Access Fee of 0.40%).

Endowus celebrates this Lunar New Year with $888!
For the month of February, Endowus will lower the minimum investment requirements from $10,000 to an auspicious $888 to celebrate the Lunar New Year.

This promotion is valid from 1 February 2021 till 14 February 2021 (promotion period).

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