facebookIs it better to park a lump sum from CPF in Endowus for investment or do a recurring sum (DCA) per month from CPF into the investment? - Seedly

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M

Mel

07 Aug 2020

βˆ™

Robo-Advisors

Is it better to park a lump sum from CPF in Endowus for investment or do a recurring sum (DCA) per month from CPF into the investment?

Discussion (6)

What are your thoughts?

Shengshi Chiam, CFA

Shengshi Chiam, CFA

29 Jul 2020

Personal Finance Lead at Endowus

Hi Mel,

Thank you for your interest in us! There are a few factors at play including

  • What is the lump sum amount you have in your CPF

  • What is recurring amount you can invest in your CPF

When I first started out, I spread out my "lump sum" into 3 smaller lumps, then I have been doing a $1k+ recurring investment on a monthly basis. Hope this helps!​​​

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Sharon

Sharon

27 Jul 2020

Life Alchemist at School of Hard Knocks

I parked a lump sum from CPF in Endowus for investment, since I'm still paying the housing loan. I didn't do DCA.

I set aside about 4 years of funds left in CPF-OA for repayments to the bank, in case I lose my job.

4 years period sound overkill, but I rather be careful because after the lock-in (the "honeymoon") ends, who knows what rate/amount I'm going to pay when the time comes.​​​

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