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Anonymous
What is a good amount to start for Endowus CPF investing?
Some people say $10k is a good amount to start Endowus CPF investing, I understand that lump sum is usually better. But if I can only afford a few hundred a month, what is a good amount to start with?
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Endowus
13 Dec 2020
Hi, any amount above $500 for a recurring investment will be reasonable.
Assuming a 6% returns per annum on a balanced portfolio, a $500 portfolio will earn roughly 0.5% returns per month, which means you get around $2.50 returns, offseting the agent bank charges. Hope this explains!
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No harm starting with that. Just bear in mind there are transaction fees per trade. So cost/fees per...
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