chermaine yong

26 Mar 2022

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Is Endowus the only roboadvisor that allows CPF funding for investments?

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Albert Tan

Edited 12 Apr 2022

Financial Literacy & Solutions at MoneyOwl

MoneyOwl's CPFIS portfolios are available here! https://www.moneyowl.com.sg/cpfis/

Do weigh the costs vs benefits of taking our CPF(OA) out from a risk free interest of 2.5% to invest for potentially higher returns over the long term. Also, if you intend to use your CPF for housing in the near future, it may not wise to invest with a short time horizon. If you are currently servicing a mortgage with CPF, do ensure you have set aside sufficient surplus for emergencies (i.e. unemployment).

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Tan Choong Hwee

26 Mar 2022

Solutions Specialist at Providend

Yes, only Endowus allows CPFIS investment at the moment.

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Started investing with 1) Cash: SWRD, 2) CPF-OA thru Endowus: Lion Global Infinity US 500 Stock Index Fund only, 3) SRS thru Endowus: Dimensional Global Core Equity Fund only. Does it look ok?

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Endowus Fund Smart now allows us to customise our portfolio by choosing the funds with CPF, SRS and cash. Will you be trying Endowus Fund Smart or stay with their advised portfolios?

Started investing with 1) Cash: SWRD, 2) CPF-OA thru Endowus: Lion Global Infinity US 500 Stock Index Fund only, 3) SRS thru Endowus: Dimensional Global Core Equity Fund only. Does it look ok?

For someone who is ~50years old, is it too 'late' to invest CPF in Endowus fund (versus leaving the sum in CPF)?

Should I a) use my CPF OA funds to invest in Endowus or b) transfer my OA balance into SA to earn 4% interest? (Assume house is already bought and no other use for OA funds)?

How did Endowus manage to secure MAS approval to use CPF funds for investments?