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Tan Choong Hwee
05 Oct 2021
Solutions Specialist at Providend
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Pretty straightforward.
Open an Endowus account and they will sign for an CPFIS account with UOB at the same time, if you don’t have an existing CPFIS account. The trading account will be opened with UOB Kay Hian.
After account is open, indicate amount that you want to invest and Endowus will handle the request with CPF and UOB to move the money to UOB Kay Hian to purchase the units. Takes a couple of business days. CPF will send you alert when the money is transferred out. Endowus will update you when the transaction is completed.
Overall it’s pretty simple.
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It is pretty easy to invest your CPF OA using Endowus as described by @ShaunWQLim.
I invested in Endowus 100% equity advised portfolio since July 2020, and the annualized IRR is about +20% since inception.