SRS Portfolio

[iceblendedchoc]

After trying various options, here are my views:

1. fees high/ low is not important. Look for 1 that can consistently beat the benchmark. So far I only found 2. FSSA dividend advantage and United Global Quality Growth fund. Infinity U.S. 500 Stock Index Fund performance is below benchmark. Infinity Global Stock Index Fund also perform below benchmark. Others LionGlobal All Seasons Fund (Growth) and LionGlobal Disruptive Innovation Fund got no benchmark to compare. It is like hiring a group of mediocre staffs at low salary and hope for things to happen. No point right?

2. Invest in ES3 etc not a good idea. Our top 30 companies’ performance are mediocre as well. Even in the last 10-20 years, they already underperform. I don’t thing they will outperform other countries in the next 20 years. Quite likely very little gain or lose quite a lot

3. Robos like StashAway, Sfye. I tried StashAway and the performance is mediocre also. Personally I feel the allocation between bonds, equities is a too old school concept already. Robo should be smart enough to do sector rotation. For example if tech stocks are rock bottom, then allocate to tech. If consumer discretionary is too high, then sell. I feel that should be the value proposition of robo. That is why Peter Lynch is so good right? Just switch like bonds/ equities/ commodities (no point la). Not sure whether this is a robo that invest like top fund managers? Dbs, ocbc robos?

4. Annuities - read a lot but didn’t try. To me, you pay those companies more in an indirect way.

5. SSB - no point. Mediocre performance also. You like earning 1.5% more over 10 years. Too conservative already

6. Don’t put in SRS - If you are really good investors with equities, don’t even need to put into SRS. Just whack some shares and the returns maybe higher to offset the SRS savings. Somemore no withdrawal restrictions etc…

just my humble sharing during this SRS journey. Happy to hear more from the rest

got index tracker beat the benchmark in the first place especially if they are physical? i think they would only match the index performance at a slightly lower % ? For a close to do nothing feeder sub-fund , lion is earning too much expenses.

 

[yuzu28]

3. Robos like StashAway, Sfye. I tried StashAway and the performance is mediocre also. Personally I feel the allocation between bonds, equities is a too old school concept already. Robo should be smart enough to do sector rotation. For example if tech stocks are rock bottom, then allocate to tech. If consumer discretionary is too high, then sell. I feel that should be the value proposition of robo. That is why Peter Lynch is so good right? Just switch like bonds/ equities/ commodities (no point la). Not sure whether this is a robo that invest like top fund managers? Dbs, ocbc robos?

Yea, i tried out robos like Stashaway, Endowus, digiPortfolio, and Phillips.

For purpose of comparison, in particular for Stashaway and Endowus, I put money in both at the same time. Stashaway was ok at the start, then it has been in red for quite a few months. Whereas Endowus changed to green.

So far, I'm happy with digiportfolio. I have fast n furious SGD UT global portfolio. Not superbly good but at least not like Stashaway red for months. As they are robos, I would expect they are smart enough to do adjustment.

As for Phillips, I placed it late last year, so far did not turn red and > 5%.

 

[skpuppy]

Yea, i tried out robos like Stashaway, Endowus, digiPortfolio, and Phillips.

For purpose of comparison, in particular for Stashaway and Endowus, I put money in both at the same time. Stashaway was ok at the start, then it has been in red for quite a few months. Whereas Endowus changed to green.

So far, I'm happy with digiportfolio. I have fast n furious SGD UT global portfolio. Not superbly good but at least not like Stashaway red for months. As they are robos, I would expect they are smart enough to do adjustment.

As for Phillips, I placed it late last year, so far did not turn red and > 5%.

Digiportfolio cannot do SRS right?

 

[yuzu28]

Digiportfolio cannot do SRS right?

Ya cannot I think... Just sharing the exp of different robo since u mention. Sorry like wrong thread.

 

[skpuppy]

Ya cannot I think... Just sharing the exp of different robo since u mention. Sorry like wrong thread.

Thanks for your sharing. I think this is good for people who park $$ in DBS but lose faith in STI. Lol! To be honest, I think u do Global digiportfolio will beat the STI. From this can tell DBS is quite greedy. Pay them 0.75% as management fees for buying etf. That is why SG companies never improve. Easy money. All sit there become tua pek gong, $$ fly in already. I think 0.25% is reasonable

 

[yuzu28]

Maybe just share my noob experience on SRS. For the first 3 to 4 years, I blindly use SRS solely for ES3. It took a year plus to turn green after Mar 2020.

For 2020, I shifted to using SRS for UTs since its 0% sales charge (as compared to some commission for equities). I have income funds, high yield bonds, Infinity Global funds and FSSA Div Advantage in my portfolio.

 

[skpuppy]

got index tracker beat the benchmark in the first place especially if they are physical? i think they would only match the index performance at a slightly lower % ? For a close to do nothing feeder sub-fund , lion is earning too much expenses.

Sorry. My apologies. Maybe I didn’t explain clearly. Agree with you that the S&P500 fund should have a management fees of 0.1% max considering VOO is only 0.03%? Maybe invest into this https://www.fundsupermart.com/fsm/funds/factsheet/FSDVAD/FSSA-Dividend-Advantage-A-QDIS-SGD

 

[skpuppy]

Maybe just share my noob experience on SRS. For the first 3 to 4 years, I blindly use SRS solely for ES3. It took a year plus to turn green after Mar 2020.

For 2020, I shifted to using SRS for UTs since its 0% sales charge (as compared to some commission for equities). I have income funds, high yield bonds, Infinity Global funds and FSSA Div Advantage in my portfolio.

Quite steady.

 

[RedsYWNA]

Sorry. My apologies. Maybe I didn’t explain clearly. Agree with you that the S&P500 fund should have a management fees of 0.1% max considering VOO is only 0.03%? Maybe invest into this https://www.fundsupermart.com/fsm/funds/factsheet/FSDVAD/FSSA-Dividend-Advantage-A-QDIS-SGD

Hummm......1.73% exp ratio.....But of course, its actively managed, so higher fees expected.

For me, I would prefer my SRS to be invested in TID, HST, S27...... lower fees, passive funds.

 

[s0crates]

Just want to take a moment and observe a minute of silence for people investing in STI. LOL look at what is going on for keppel and sembcorp. They actually think this is the last of STI companies doing poorly?!

 

[andyhtc]

I used my SRS to buy bank shares. The yields are not too bad and there is no management fee.

 

[ExEngineer]

After trying various options, here are my views:

1. fees high/ low is not important. Look for 1 that can consistently beat the benchmark. So far I only found 2. FSSA dividend advantage and United Global Quality Growth fund. Infinity U.S. 500 Stock Index Fund performance is below benchmark. Infinity Global Stock Index Fund also perform below benchmark. Others LionGlobal All Seasons Fund (Growth) and LionGlobal Disruptive Innovation Fund got no benchmark to compare. It is like hiring a group of mediocre staffs at low salary and hope for things to happen. No point right?

2. Invest in ES3 etc not a good idea. Our top 30 companies’ performance are mediocre as well. Even in the last 10-20 years, they already underperform. I don’t thing they will outperform other countries in the next 20 years. Quite likely very little gain or lose quite a lot

3. Robos like StashAway, Sfye. I tried StashAway and the performance is mediocre also. Personally I feel the allocation between bonds, equities is a too old school concept already. Robo should be smart enough to do sector rotation. For example if tech stocks are rock bottom, then allocate to tech. If consumer discretionary is too high, then sell. I feel that should be the value proposition of robo. That is why Peter Lynch is so good right? Just switch like bonds/ equities/ commodities (no point la). Not sure whether this is a robo that invest like top fund managers? Dbs, ocbc robos?

4. Annuities - read a lot but didn’t try. To me, you pay those companies more in an indirect way.

5. SSB - no point. Mediocre performance also. You like earning 1.5% more over 10 years. Too conservative already

6. Don’t put in SRS - If you are really good investors with equities, don’t even need to put into SRS. Just whack some shares and the returns maybe higher to offset the SRS savings. Somemore no withdrawal restrictions etc…

just my humble sharing during this SRS journey. Happy to hear more from the rest

Not sure I understand why you’re trying to compare between different options in terms of whether they manage to beat their benchmark…especially if each option/fund has chosen a different benchmark for themself.

Why not keep it simple and decide based on which option delivers the best net total return (meaning on average, over several years…definitely don’t decide based on only 1-2 year returns), after subtracting expenses?

As for whether SRS makes sense or not, depends on your age and income.
My personal opinion, If you are >40 and/or paying marginal tax rate of >15%, then SRS is no-brainer….kind of crazy if you don’t maximise it.
If you are younger (further from SRS withdrawal), and/or paying lower tax rates, then yes is a valid question mark whether SRS makes sense.

 

[skpuppy]

Not sure I understand why you’re trying to compare between different options in terms of whether they manage to beat their benchmark…especially if each option/fund has chosen a different benchmark for themself.

Why not keep it simple and decide based on which option delivers the best net total return (meaning on average, over several years…definitely don’t decide based on only 1-2 year returns), after subtracting expenses?

As for whether SRS makes sense or not, depends on your age and income.
My personal opinion, If you are >40 and/or paying marginal tax rate of >15%, then SRS is no-brainer….kind of crazy if you don’t maximise it.
If you are younger (further from SRS withdrawal), and/or paying lower tax rates, then yes is a valid question mark whether SRS makes sense.

Personally I think there is no good instrument for SRS investment because it is restricted to SG:
1. Personally I think STI will underperform global, China, US in next 10 years
2. Fund are too expensive. If you don’t mind 4-5% returns after all the management fees,
3. Robos are ok but not smart enough. Probably good if DBS and ocbc robos can be used for SRS
4. Sgx listed etf have high management fees and low liquidity. Purchase 10 s27 already US$4000+.
Totally agree that if your income hits the 15% tax bracket, definitely worth it. To be honest, I think government needs to review the SRS process. Why can’t u invest in overseas etf? Invest in the above can la. Definitely better than putting in bank

 

[skpuppy]

Just want to take a moment and observe a minute of silence for people investing in STI. LOL look at what is going on for keppel and sembcorp. They actually think this is the last of STI companies doing poorly?!

Lol! Some ppl just love Singapore companies to screw them in the ass. 2 rights issue in a year? Crazy! How many more rights will they do? Either company didn’t plan ahead? Or out to fleece retail shareholders?

 

[JetStorm]

Personally I think there is no good instrument for SRS investment because it is restricted to SG:
1. Personally I think STI will underperform global, China, US in next 10 years
2. Fund are too expensive. If you don’t mind 4-5% returns after all the management fees,
3. Robos are ok but not smart enough. Probably good if DBS and ocbc robos can be used for SRS
4. Sgx listed etf have high management fees and low liquidity. Purchase 10 s27 already US$4000+.
Totally agree that if your income hits the 15% tax bracket, definitely worth it. To be honest, I think government needs to review the SRS process. Why can’t u invest in overseas etf? Invest in the above can la. Definitely better than putting in bank

I use SRS money park under Endowus 100% Equity Portfolio

 

[softwareengineer]

I use SRS money park under Endowus 100% Equity Portfolio

How long have u invested? DCA ? and what is the returns like?

 

[zumaba]

I used SRS for StashAway Income (RiskIndex=12) Portfolio. After six month, still red. Very poor product.

My cash investment for StashAway General Investing (RiskIndex=36) Portfolio even worse, after 5 month.

Well, all my other SRS/Cash investment with Syfe, Endowus and MoneyOwl all have positive return, after 5-6 months.

 

[JetStorm]

How long have u invested? DCA ? and what is the returns like?

i lump sum 15300 in abt 2 months ago. Till date simple returns is up 4.2ish % or $600ish profits.

 

[Gattaca1812]

If one is in the top tier of tax bracket, you save easily $3k a year in tax. If you one is able to compound that amount for 20 years at 5 % a year, one will end up with more than 100k, just on the tax savings($3k a alone.

Current bank stocks are having a forward yield of more than 4.5%.

Only thing is if your portfolio grows to more than $400k, then you may incur tax when you withdraw.

Got in at Dbs at $19. The only thing I hold in srs.

 

[WoShiPro]

Switching my 30% risk stashaway SRS portfolio into endowus. It under perform market by 5% due to gold/bonds and china tech.. endowus has lower fees and perform better..

Will be using fundsmart 100% allocation to Dimensional World Equity Fund for developed/emerging market. My cpf portfolio with endowus also perform well.