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Anonymous

13 Feb 2021

∙

If I already have some money in StashAway account, should I open an Endowus account and put funds there rather than just add to my StashAway account?

About $20k in StashAway and thinking whether to open Endowus because of their CNY promo. Already set aside emergency funds and have ~>$100k investments, so just a matter of comparing between the two platforms and whether there is a need to diversify in this way.

Endowus StashAway

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Zac

13 Feb 2021

Noob at Idiots Invest

Just like to point out that Endowus offers advised portfolios and Fund Smart (they've curated a list of funds for you to DIY your portfolio).

The fund-level fees for their advised portfolios are actually pretty reasonable ranging around 0.3% to 0.6%. (Based on what I see in my portfolio). The low fees are probably because their advised portfolios comprise passive funds, in line with their philosophy of harnessing market efficiency to generate benchmark like returns.

Fund Smart funds may have slightly higher fund-level fees (up to ~1%); this may reflect some degree of active management.

I think one of the biggest reasons many people invest with Endowus is for the ability to invest your CPF monies.

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Justin Kieran Ong

12 Feb 2021

If you think you will invest with endows in the future, you can alway just open an account now and wait.

However you can use their Fundsmart to make your own portfolio that won't overlap with your stashaway portfolio so diversify your exposure.

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Randy

12 Feb 2021

Financial Analyst at

I believe it depends whether you have more conviction in what the robo companies invest in.

Persona...

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For cash management accounts like endowus and stashaway they mostly invest in lion global money market funds Would it be better to invest directly in lion global and save the roboinvestors mgmt fee?

If I have already set up a RSS before opening the multiplier account then will it still count towards my investment criteria for the multiplier account or must I redeem my fund and open a new one?

If I already have a stashaway saving account, would it be wise to open another savings account?

I have 30K in my saving bank account right now. Should I put this money in a liquid fund or let it stay in savings account? Which is a more beneficial option?

How endowus is able to maintain a 2.7% rate for its endowus cash smart account even now? Do you expect this to continue or is a drop expected in the months ahead? Stashaway simple is already below 2%.?

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