EndowUs Roboadvisor: investing using CPF

[dappermen]

- he started in 2020 yr end

 

[WoShiPro]

Just noticed endowus doesn't reinvest trailer fees rebate.. instead it will refund back to cpfis acc or cash balance.

If the rebate amount is small can't manually reinvest as the minimum is $100.

 

[hwmook]

Finally received trailer fees rebate for Q4 2020, still owe me rebate for Q1 & Q2 2021.

 

[JetStorm]

Just noticed endowus doesn't reinvest trailer fees rebate.. instead it will refund back to cpfis acc or cash balance.

If the rebate amount is small can't manually reinvest as the minimum is $100.

Just leave it in there for next fee deduction. If not enough they will then sell part of your portfolio.

Unless you absolutely must have those money invested, then do a fast trf in to topup to $100 then do a 1 time investment

 

[WoShiPro]

Just leave it in there for next fee deduction. If not enough they will then sell part of your portfolio.

Unless you absolutely must have those money invested, then do a fast trf in to topup to $100 then do a 1 time investment

Just find it weird because they can reinvest dividends but not trailer fees rebate..

 

[ducky32]

SIC
https://huntfromhome.sqkii.com/There's a game by Endowus x Sqkii with a prize money of $25,000 to be won, but that (the prize money) is not the main point of this post.

Anyway, what I really wanted to share is that, you can earn Access Fee credit from the game by crafting vouchers from your daily hunts. Each in-game voucher is worth $20 of Access Fee credit. You can redeem up to 2 of them for the entirety of the game. Which is $40!

Takes me only a few mins each day to do the hunts. I started a few days ago, and finally gotten enough materials to craft one voucher. Not sure if anyone finds that to be too troublesome, but I think it's an easy way to earn some free credits.

T&C here.
https://endowus.com/insights/sqkii-access-fee-voucher/

 

[silverbomb]

ya it's good to have the voucher rebate. haven't came around to crafting a voucher yet. assuming it can be used for either the CPF or Cash investments.

 

[s0crates]

Yea I also use the game to get some voucher rebates. $20 bucks no expiry across all accounts also not bad.

The finlit game a bit too easy la haha

 

[ducky32]

ya it's good to have the voucher rebate. haven't came around to crafting a voucher yet. assuming it can be used for either the CPF or Cash investments.

Yeah, It works for all investments


What do I get from the promotion?

4. The $20 access fee credit incentive is for all investments. It will be automatically issued to you within three days of Voucher crafting. Each Endowus account is only entitled to this promotion not more than twice.

 

[ducky32]

Yea I also use the game to get some voucher rebates. $20 bucks no expiry across all accounts also not bad.

The finlit game a bit too easy la haha

I agree

 

[VanquishShadow]

Just find it weird because they can reinvest dividends but not trailer fees rebate..

(I may be wrong) I think the dividend reinvestment is done by the underlying funds.
Whereas the trailer fee rebate would be from the fund manager -> Endowus/UOBKH -> you.
So strictly speaking, the fee rebate needs to be paid out to you in "cash", it would not be correct if Endowus/UOBKH reinvested the fee rebate automatically on your behalf.

 

[twosix]

Thanks for the game intro. Didn't know it.

 

[RedsYWNA]

Yeah, It works for all investments


What do I get from the promotion?

4. The $20 access fee credit incentive is for all investments. It will be automatically issued to you within three days of Voucher crafting. Each Endowus account is only entitled to this promotion not more than twice.

How many days does it take before we can get the $20 voucher? hahaha

 

[s0crates]

How many days does it take before we can get the $20 voucher? hahaha

I get it by the next day - quite fast.

Got quite a lot of access fee voucher from Endowus from their emails, LGI promotion, cpf investing etc. Quite good. Hope they carry on giving out freebies.

 

[ducky32]

How many days does it take before we can get the $20 voucher? hahaha

Depends on your luck, it took a few days for me. Really depends on what materials you get back from the hunts. They are randomised

 

[twosix]

so fast game over... i just started. haha...

 

[ducky32]

so fast game over... i just started. haha...

Oh no, haha. I was shocked that someone found the key so quickly too! I didn't get to craft the 2nd voucher

 

[CrashWire]

so fast game over... i just started. haha...

The answer is so .

Didn't manage to craft any of the vouchers either. Guess that reduces the likelihood that my money will stay in Endowus.

 

[s0crates]

The answer is so .

Didn't manage to craft any of the vouchers either. Guess that reduces the likelihood that my money will stay in Endowus.

Endowus usage is so vast and compelling, (especially for cash smart, CPF and SRS) why would you not use them? If you setting up a cheaper and better let us know so we can pre-register haha

 

[endo5x5]

I got an account with Endowus where I park my CPF OA funds in. Everything is going ok so far, nearly 4.8% for a 4 month old account.

However, I can't shake of the concern about the long term viability of the company. It's one thing for MAS to approve them to use client's OA funds for investment (i.e. a good indicator that they have a good business model going), at the same time the downfall of smartly does highlight the risk of having park money with such roboadvisors.