EndowUs Roboadvisor: investing using CPF

[hwmook]

Finally they are processing Q1 and Q2 2021 rebate, took so long for them to give back the money.

 

[Andrew833]

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.

Mine is invest 20k, CPFOA INV 19,467.41 about 2.66% (Is it rebate or something else)

 

[dgeralds]

how is it now?

Ok found out. It is NOT discount from Endowus. I had a dividend deposit $60 into OUB. So the bank instead of drawing out 1002.14 from CPF, the bank withdrew $942.14 ($1002.14 - $60 )! Received statement and it was stated there!

 

[dgeralds]

Mine is invest 20k, CPFOA INV 19,467.41 about 2.66% (Is it rebate or something else)

check my post #947

 

[dappermen]

Ok found out. It is NOT discount from Endowus. I had a dividend deposit $60 into OUB. So the bank instead of drawing out 1002.14 from CPF, the bank withdrew $942.14 ($1002.14 - $60 )! Received statement and it was stated there!

No worries,
Yes anyone would have know that endowus dont give straight direct discounts just like that

We have to earn it !

This is not some free promos or luckydraw for buying some iop or etfs, lol

Furthermore we have gone thru w so many robos by now….

I have never recall any co. Giving hefty discounts straight off the first initial invesmt amt
Likely they suck our blood , not the other way

Giving trailer rebates/discounts r later and r meagre sums only

 

[Andrew833]

Ok found out. It is NOT discount from Endowus. I had a dividend deposit $60 into OUB. So the bank instead of drawing out 1002.14 from CPF, the bank withdrew $942.14 ($1002.14 - $60 )! Received statement and it was stated there!

Will check when my statement is out.

 

[badsector]

https://endowus.com/insights/funding-referral-bonus/
$40(both Referrer and Referee) referral now till 31 dec

 

[sansanjikikut]

Stil lose to the family and friend promotion back in october this year. That was a beast…

hope their 3 year anni will have 3 x referral bonus lol

 

[Minihuat]

If I indicated my initial investment amount for cpfoa is 3k in my own selected fund, can I top up in subsequent months?

Planning to invest in the s&p 500 lionglobal.

And if I want to start another portfolio with another fund, also can?

 

[dappermen]

can I top up in subsequent months?

can

anytime


yes to all your remaining qns

 

[silverbomb]

Stil lose to the family and friend promotion back in october this year. That was a beast…

hope their 3 year anni will have 3 x referral bonus lol

What's the promo again I think I deleted the email.

 

[sansanjikikut]

What's the promo again I think I deleted the email.

it’s in one of their Instagram posts dated in October

 

[lingusthefungus]

deduct fees very fast. rebate trailer fees very slow.

 

[dappermen]

The new Endowus Income Portfolios were independently and carefully designed by the Endowus Investment Office, who took an all-weather approach to constructing the three portfolios, using only best-in-class, income-generating funds worldwide from the largest fund management companies who are global leaders in income and dividend funds.

https://endowus.com/insights/launch...s&utm_campaign=271221-Launch-IncomePortfolios

paYOUT TIME Timtable

rx 4

 

[decibel.]

The new Endowus Income Portfolios were independently and carefully designed by the Endowus Investment Office, who took an all-weather approach to constructing the three portfolios, using only best-in-class, income-generating funds worldwide from the largest fund management companies who are global leaders in income and dividend funds.

https://endowus.com/insights/launch...s&utm_campaign=271221-Launch-IncomePortfolios

paYOUT TIME Timtable

rx 4

Anyone going for this? If already have SRS and CPF with EndowUs, is it recommended to go for this income portfolio too for passive income?

 

[dappermen]

The problem is can it really beat Sa 4% and fees

Sometimes it might dropped lower than its promised 5-6%

 

[decibel.]

The problem is can it really beat Sa 4% and fees

Sometimes it might dropped lower than its promised 5-6%

Yeah I'm interested in the higher income portfolio on top of my CPF and SRS portfolio with EndowUs but I see 30% are allocated to an American Income Fund, not sure what is that but sounds heavily tilted to America?

 

[dappermen]

Yes if w/o america, cannot provide such high “returns”

At the moment nt avail under srs, cpf oa and sa

 

[sohguanh]

Yeah I'm interested in the higher income portfolio on top of my CPF and SRS portfolio with EndowUs but I see 30% are allocated to an American Income Fund, not sure what is that but sounds heavily tilted to America?

Another poster mention this income portfolio is Cash only so means cannot use CPF to invest means we cannot peg the returns of this to 2.5,4% as comparison?

 

[dappermen]

so shd peg to FD??

we can contribute cash into our CPF too, so it is fine to peg that