facebookIs anybody using Endowus cash smart ultra (1.7% -2% interest) to park your emergency funds? - Seedly

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Isaac

11 Oct 2021

Robo-Advisors

Is anybody using Endowus cash smart ultra (1.7% -2% interest) to park your emergency funds?

Came across an Instagram post by moneysmart lately that it seems like the best place to park our emergency money is at Endowus cash smart ultra (1.7% -2% interest). Is anybody using it? Feedbacks?

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Don't put your money in this. i have put my money in since Sep 21, and currently have a -3% return.. given they market it as a 'cash' portfolio and around 2% projected returns, 3% loss is quite a lot.. they need to seriously review how they market their product..

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Lost money in Endowus cash smart enhanced for more than 3 months with -0.73%. Do not recommend their cash smart porfolio. i just made a withdrawal to cash out. Worse cash management ever

Endowus cash smart is a robbers portfolio, put your money in if u want to get rob. Just leaving your money in a biscuit tin can would outperform Endowus by 2 elephants. Nothing smart abt the portfolio, it shd be renamed Endowus cash Dumb.

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Cash smart ultra is NOT for emergency funds. I invested in cash smart ultra in Nov '21 and have seen losses of 1-1.3% for the past 3 months.

If you need the money at any time, do NOT put your money with Endowus Cash Smart Ultra.

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