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Anonymous
Hi.
1) I do have an investment account that I opened many years ago not sure it’s still activated. How can I check the status of investment acct?
2) How to invest using CPF? Currently, we have some investment that is on Asian fund and it’s like up and down almost the same since day 1 invested?
3) Which bank or reliable agents we can get advice to start investing and see a better return?
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Arpita Mukherjee
05 Nov 2019
Community Evangelist at Kristal.AI
Hi Anon,
There are plenty of safe ways to invest your money. You can go for REITs, other ETFs and bonds, but before you do that, I'd suggest you read up as much to understand what a Robo-advisor really does. Robo-advisory platforms assess your current financial position and recommend a portfolio strategy after reviewing your risk profile. These bionic advisors are still not very different from your ordinary financial advisors as both options will still have a management fee incurred for users. The difference lies with the amount, as Robo-advisors have lower management fees. And the best part is that they give you the most unbiased advice.
You can read here for a better understanding.
I work at kristal.AI, and my mojo is to help people make the right financial decisions. If you think I helped you, do give me "Thumbs up". If you think my response was biased let me know, I will work on it.
I hope this helps you make the right decision.
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Lean Sing Ding
17 Oct 2019
Client Experience Lead at Endowus
Hi there!
1.) Are you referring to your CPF Investment Account (CPF IA)?
If you are - Here is ho...
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At 1) contact the account company
at 2) try to invest ultra-longterm into passive indexing ETF like SPDR
at 3) be your own advisor: read a lot, avoid mutual funds/unit trusts
books:
https://sias.org.sg/wp-content/uploads/pdf/SIAS...
search free online Zlibrary for "ETF"