SRS Investment

[belgarathc]

What's the best way to do a lump sum investment of SRS funds into STI ETF?

My SRS account is with OCBC, but BCIP does not allow lump sum investment, only RSP.

Just buy via regular brokerage selecting SRS instead of cash/CPF.

 

[qwertyuiop59]

What's the best way to do a lump sum investment of SRS funds into STI ETF?

My SRS account is with OCBC, but BCIP does not allow lump sum investment, only RSP.

Ermm, use the direct way?

Buy STI ETF thru a broker.

U r sort of asking for a workaround to a workaround which brings u back to the original method.

 

[Kojo0403]

You can invest into STI ETF and likewise other SGX listed ETF via the local brokers.
iFast should be the cheapest currently. $10 min /0.08% commission.

Though its good to diversify beyond STI ETF.. below are the ETFs I have short-listed for my SRS portfolio. You can access to them via the same broker.

Equities
i. STI ETF (ES3) - Vested - TER: 0.30%
ii. Lion-OCBC Sec Hang Seng TECH ETF (HST) - TER: 0.68%
iii. Xtrackers MSCI China UCITS ETF (TID) - Vested - TER:0.64%
iv. SPDR S&P 500 ETF (S27) - Not vested - TER: 0.09%

REITs
i. NikkoAM Asia Ex Japan REIT ETF - Not vested - TER: 0.60%

Bonds
i. ICBC CSOP FTSE Chinese Govt Bond ETF (CYC) - Vested, TER: 0.25%
ii. iShares Asia High Yield Bond ETF (QL3) - Vested - TER: 0.50%

Gold
i. SPDR GLD ETF (O87)


bid-ask spreads for ES3, CYC, QL3 are pretty decent. around 0.10% to 0.20%.

Spreads for TID and S27 is higher at around 0.50% to 1% but since I am holding it long-term, its better than paying annual management fees to Endowus and Stashaway.

Will use the above ETFs to maintain a 70% Equities 25% Bonds+REITs portfolio and 5% into Gold.
Within Equities, 30% Singapore, 30% US, 40% China.

 

[sunbox]

What is the last date by which we can top-up SRS account so that we don’t miss this years deadline?

 

[boredboiboi]

What is the last date by which we can top-up SRS account so that we don’t miss this years deadline?

Before 7pm 31st dec

 

[Kojo0403]

Before 7pm 31st dec

oh din know that there is a cut off time. Usually i do it on 30th just in case

 

[boredboiboi]

oh din know that there is a cut off time. Usually i do it on 30th just in case

Its on the website. Not said by me. Google is my best friend
But maybe diff bank diff timing. But why do it on the very last min?

 

[snorex]

You can invest into STI ETF and likewise other SGX listed ETF via the local brokers.
iFast should be the cheapest currently. $10 min /0.08% commission.

Though its good to diversify beyond STI ETF.. below are the ETFs I have short-listed for my SRS portfolio. You can access to them via the same broker.

Equities
i. STI ETF (ES3) - Vested - TER: 0.30%
ii. Lion-OCBC Sec Hang Seng TECH ETF (HST) - TER: 0.68%
iii. Xtrackers MSCI China UCITS ETF (TID) - Vested - TER:0.64%
iv. SPDR S&P 500 ETF (S27) - Not vested - TER: 0.09%

Hey thanks for the info. Can help me out with the following?

(1) How did you manage to invest in S27 through Fundsupermart, they told me can only do via cash for this ETF and not SRS.

(2) With Fundsupermart, there is a USD 3 of dividend handling fee. Given that the S&P ETF pays out dividends quarterly the total cost for placing an order through them can be costly. Is there another broker that is cheaper overall?

(3) What FX rate would they use for the SRS funds that are used to purchase US denominated ETFs? Can we see beforehand what the exchange rate is prior to making the purchase?

 

[Sambuca78]

Still thinking should I open a SRS account just for tax relief, thinking of open and deposit $10k. * I know i am very late liao.

What it the best way to get good return using the lump sum (No DCA) without much effort?

how about endowus or moneyowl ($0 fee for <$10k)?

Any suggestion? Thanks.

 

[reddevil0728]

Still thinking should I open a SRS account just for tax relief, thinking of open and deposit $10k. * I know i am very late liao.

What it the best way to get good return using the lump sum (No DCA) without much effort?

how about endowus or moneyowl ($0 fee for <$10k)?

Any suggestion? Thanks.

CPF.

regardless put $1 into SRS to lock in your retirement age for withdrawal

 

[Sambuca78]

CPF.

regardless put $1 into SRS to lock in your retirement age for withdrawal

Don't want CPF, thanks.

 

[tesarise]

Still thinking should I open a SRS account just for tax relief, thinking of open and deposit $10k. * I know i am very late liao.

What it the best way to get good return using the lump sum (No DCA) without much effort?

how about endowus or moneyowl ($0 fee for <$10k)?

Any suggestion? Thanks.

how much is considered good return for you

 

[Sambuca78]

how much is considered good return for you

Maybe around 4%?

 

[gold_eagle36]

Still thinking should I open a SRS account just for tax relief, thinking of open and deposit $10k. * I know i am very late liao.

What it the best way to get good return using the lump sum (No DCA) without much effort?

how about endowus or moneyowl ($0 fee for <$10k)?

Any suggestion? Thanks.

Fundamentals of srs is tax relief followed by retirement. So you should open if there is significant tax savings.

Suggest open and use endowus srs diversified portfolio of funds.

Their access fee is lower for cpf and srs accounts

 

[DChng1971]

Still thinking should I open a SRS account just for tax relief, thinking of open and deposit $10k. * I know i am very late liao.

What it the best way to get good return using the lump sum (No DCA) without much effort?

how about endowus or moneyowl ($0 fee for <$10k)?

Any suggestion? Thanks.

Too late to open for this year already. Not enough processing time.
Should just open first and decide later.

 

[cassowary18]

Too late to open for this year already. Not enough processing time.
Should just open first and decide later.

Now can open and contribute via ibanking, quite fast. As long as you contribute before 31 Dec, you still can get tax relief. Deciding how to invest can wait until next year no rush.

 

[nydeidith]

i appointed a financial advisor to help me invest my SRS, currently inside got:

- Aberdeen Standard European Opportunities SGD
- Legg Mason Western Asset - Global Bond Trust A Acc SGD
- Schroder China Opportunities Acc SGD

 

[Tp101s]

Is there an appointment letter for helping you to manage these funds?

i appointed a financial advisor to help me invest my SRS, currently inside got:

- Aberdeen Standard European Opportunities SGD
- Legg Mason Western Asset - Global Bond Trust A Acc SGD
- Schroder China Opportunities Acc SGD

 

[Andrew833]

Still thinking should I open a SRS account just for tax relief, thinking of open and deposit $10k. * I know i am very late liao.

What it the best way to get good return using the lump sum (No DCA) without much effort?

how about endowus or moneyowl ($0 fee for <$10k)?

Any suggestion? Thanks.

How late is late? If few years to retire, why not use your 10k cash to invest. You can withdraw anytime and tax free.

 

[Sambuca78]

Fundamentals of srs is tax relief followed by retirement. So you should open if there is significant tax savings.

Suggest open and use endowus srs diversified portfolio of funds.

Their access fee is lower for cpf and srs accounts

Thanks

How about Dimensional Fund from Moneyowl? Any comment?

But I not sure which DFA should I be looking at.