SRS Portfolio

[BBCWatcher]

How about TM Retirement SP? Able to withdraw over 20yrs

Not in the most tax friendly way, for a large enough SRS account anyway. Only a fully SRS qualified life annuity allows avoiding the “deemed withdrawal” rule at the end of the 10 calendar year withdrawal window. Only Manulife currently sells such an annuity.

 

[assiak71]

Easy way: Lion Global All Seasons (Growth)
Harder way: SSB/MBH + ES3 + Lion Global Infinity Global Stock Index Fund

Besides lion global all seasons, any other decent unit trusts? Wish to keep srs simple

 

[tangent314]

Depends on what you mean by 'decent'.

All Seasons is decent in that it is the cheapest way to be globally diversified and have a 70/30 equities:bonds split.

Sure, you may find one of the more expensive unit trusts that specializes in a particular region or sector ultimately perform better, but are you willing to take a guess into which one it is going to be, knowing that if you guess wrong you are going to get less than simply going with All Seasons or Infinity Global Stocks?

 

[assiak71]

Depends on what you mean by 'decent'.

All Seasons is decent in that it is the cheapest way to be globally diversified and have a 70/30 equities:bonds split.

Sure, you may find one of the more expensive unit trusts that specializes in a particular region or sector ultimately perform better, but are you willing to take a guess into which one it is going to be, knowing that if you guess wrong you are going to get less than simply going with All Seasons or Infinity Global Stocks?

I mean. Which would you bet on

Lion global all seasons
Or
3 unit trusts (3 fund porftolio ie your own all seasons portfolio)

Eg Infinity global, sg stocks unit trust, sg bonds unit trust

Having all unit trusts in 1 acc is easier in a sense

 

[tangent314]

If you die die must buy unit trust, then yes going with Lion Global All Seasons is easier, and possibly even cheaper than going with 3 different unit trusts. However STI ETF and A35/MBH can be purchased using SRS, so it's even cheaper going with those over unit trusts.

 

[iCuteCube]

If you die die must buy unit trust, then yes going with Lion Global All Seasons is easier, and possibly even cheaper than going with 3 different unit trusts. However STI ETF and A35/MBH can be purchased using SRS, so it's even cheaper going with those over unit trusts.

I don't understand why "die die must buy unit trust"....
SRS are locked in long duration of time and Unit Trust does eat into the returns.

If talking about cash portion, maybe, because the exposure might be what you wanted and rebalancing is easier?

 

[KeytoFreedom]

I don't understand why "die die must buy unit trust"....
SRS are locked in long duration of time and Unit Trust does eat into the returns.

If talking about cash portion, maybe, because the exposure might be what you wanted and rebalancing is easier?

Can you explain why unit trust will eat into the returns? Thanks

Sent from OnePlus ONEPLUS A5010 using GAGT

 

[assiak71]

Expense ratio (including preliminary expenses, and including underlying fund expense ratio) 0.50

Just knew 0.50 includes underlying funds like tangent said.

Their etf are ucits right? Didnt look closely

So for srs, stashaway vs lionglobal all season, which would you choose?

Lionglobal has sgd bonds
While stashaway can adjust AA esp nearer retirement

 

[celtosaxon]

Expense ratio (including preliminary expenses, and including underlying fund expense ratio) 0.50

Just knew 0.50 includes underlying funds like tangent said.

Their etf are ucits right? Didnt look closely

So for srs, stashaway vs lionglobal all season, which would you choose?

Lionglobal has sgd bonds
While stashaway can adjust AA esp nearer retirement

Why must choose one ? Why not DIY? Save on expenses and just rebalance once a year as needed. Unless you really don’t trust yourself

 

[limster]

Lionglobal has sgd bonds
While stashaway can adjust AA esp nearer retirement

Which one is more likely to be around when you retire.
(1) Lionglobal?
(2) Stashaway?

I wait for Stashaway to aim a decent size AUM before I even consider recommending. It has first mover advantage so I think it should be in a good position to grow its AUM.

Companies like iFast report their AUM. Have yet to see any of the roboadvisors reporting their AUM.

 

[assiak71]

Why must choose one ? Why not DIY? Save on expenses and just rebalance once a year as needed. Unless you really don’t trust yourself

I value simplicity and convenience

 

[assiak71]

Which one is more likely to be around when you retire.
(1) Lionglobal?
(2) Stashaway?

I wait for Stashaway to aim a decent size AUM before I even consider recommending. It has first mover advantage so I think it should be in a good position to grow its AUM.

Companies like iFast report their AUM. Have yet to see any of the roboadvisors reporting their AUM.

I just saw lionglobal is gdp weighted. How does that compare with market weight?

And recently stashaway posted their 2 year returns. How do they weigh their funds s.t. that can seemingly outperform the benchmark? First thought is it is probably not a corresponding risk adjusted benchmark

 

[tangent314]

Can you explain why unit trust will eat into the returns? Thanks

Most unit trusts available in Singapore tend to have high management fees, leading to a TER of about 1.5% per year. Generally we prefer to go with ETFs that have TER in the range of 0.20-0.30%.

LionGlobal just happens to be a Unit Trust wrapping ETFs that have a TER of 0.50%

Lionglobal has sgd bonds
While stashaway can adjust AA esp nearer retirement

Lion Global All Seasons (Growth) is 70% equities 30% bonds, whereas Lion Global All Seasons (Standard) is 30% equities 70% bonds, so when approaching retirement you can switch your holdings from Growth to Standard.

 

[romeo88]

Sounds like a good strategy. What if the dividend stock that you've been keeping till retirement is SPH ?

Unit trusts have maintenance fee. I prefer to buy good dividend stocks using SRS and collect dividends until I retire many years later.

 

[assiak71]

Why after so long lionglobal infinity dont change their etf to uk ones? Anyone contacted them?

 

[Han Shot First]

LionGlobal just happens to be a Unit Trust wrapping ETFs that have a TER of 0.50%

Lion Global All Seasons has only 3 ETFs. The other fund constituents are actively managed unit trusts with high expense ratios.

Has anyone calculated the "effective" expense ratio of the underlying funds? Is it really less than the Lion Global All Seasons' advertised TER of 0.50%?

And how much are the annual management fees for Lion Global All Seasons (Growth) and Lion Global All Seasons (Standard) respectively?

As an aside, any idea why they did not use ETFs for the actively managed underlying unit trusts?

 

[Han Shot First]

Why after so long lionglobal infinity dont change their etf to uk ones? Anyone contacted them?

LionGlobal Infinity is not using ETF.

For Infinity U.S. 500 Stock Index Fund, they are using a share class of Vanguard U.S. 500 Stock Index Fund, a sub-fund of the management company Vanguard Group (Ireland) Limited.

I think it is Institutional Accumulation with a TER of 0.10%. But I wonder why an index fund meant for institutional investors has a higher TER than the TER (of 0.07%) of the "retail" Ireland-domiciled Vanguard S&P 500 UCITS ETF? Does not seem to make any sense.

 

[assiak71]

Lion Global All Seasons has only 3 ETFs. The other fund constituents are actively managed unit trusts with high expense ratios.

Has anyone calculated the "effective" expense ratio of the underlying funds? Is it really less than the Lion Global All Seasons' advertised TER of 0.50%?

And how much are the annual management fees for Lion Global All Seasons (Growth) and Lion Global All Seasons (Standard) respectively?

As an aside, any idea why they did not use ETFs for the actively managed underlying unit trusts?

The underlying lionglobal unit trusts' management fees are rebated back to All Season fund, thats how they can get 0.50% TER inclusive of underlying funds

 

[assiak71]

Received email from endowus on cpf

The infographic says srs 0.40%

Emailed and they confirmed 0.40% and replied srs portfolio is the same as cash portfolio.

Sounds good?

 

[Okenba]

If considering Robos (especially for the advantage of DCA), and worried about whether or not they will still be around in the future, some may feel encouraged that MoneyOwl is joint enterprise with NTUC. That might bring some margin of confidence and safety?

The funds that MoneyOwl provides are not so different from Endowus too, so not sure what would be the advantage of Endowus over MoneyOwl...