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Vanessa

21 Jul 2020

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General Investing

I would like to start investing regularly via a RSP but I'm not sure where to start. Should I use a robo-advisor or just RSP into an ETF?

I know there are many options out there, but I'm not sure where to start. I currently have a RSP with POSB Invest Saver (Nikko AM STI), but I would like to expand my portfolio.

With $200-$300 a month, I'm looking at either contributing monthly into Endowus portfolio (80S/20B or 60S/40B) or should I go into VOO/IVV on FSM.

If I contribute into both ENDOWUS and VOO/IVV, it seems like there is some overlap?

What are your thoughts? Any advice is greatly appreciated. Thank you!

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Shengshi Chiam, CFA

21 Jul 2020

Personal Finance Lead at Endowus

Hi Vanessa,

If you are investing through Endowus and ETFs/unit trusts on another platform, it is highly likely that there will be some form of overlap, that is because Endowus equities portfolio are highly diversified, with more than 1300 underlying equities holding for CPF, and over 10,000 underlying equities holdings for SRS and Cash.

End of the day you should understand your own money management goals and motives - a RSP brokerage platform and a digital wealth platform are both convenient choices for you to manage your money, but a digital wealth platform like Endowus provides rebalancing services, along with a clean interface where you can see how all your investment goals and transactions work together.

Btw I am only using a low cost brokerage (Interactive Brokers) and Endowus actively because I prefer to have less accounts to manage.

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