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Lean Sing Ding

Looking to augment the Financial Advisory Landscape in Singapore through Endowus

Lean Sing Ding

Client Experience Lead at Endowus

About

Looking to augment the Financial Advisory Landscape in Singapore through Endowus

Credentials

Client Experience Lead at Endowus

Lean Sing Ding

Client Experience Lead at Endowus

  • Answers (7)
  • Questions (0)
  • Reviews (0)

CPF IS

Investments

CPF

ETF

Lean Sing Ding
Lean Sing Ding, Client Experience Lead at Endowus
Level 4. Prodigy
Updated on 22 Nov 2019
Hi Anon, Great question! At Endowus - we curate globally diversified portfolios that CPF members can access using their CPF-OA and specifically to your question - CPF members are also able to access Lion Infinity (Vanguard) US 500 Stock Index Fund throught the Endowus Portfolios. This is exclusive to Endowus. Do visit us at www.endowus.com or PM me should you require further information.

Endowus

Supplementary Retirement Scheme (SRS)

Robo-Advisors

Investments

Lean Sing Ding
Lean Sing Ding
Level 4. Prodigy
Updated on 18 Nov 2019
Hi Anonymous, There is currently no difference between cash and srs portfolios. The fees are different because in addition to the fact that cash portfolios cost more for us to operate , we do want to incentivize clients to invest their SRS hence we cap our fees similar to our fees for CPF-IS. We do hope, in future, to be able to lower fees for Cash Portfolios too. We thank you for your interest and we hope to be able to serve you soon! Lean Sing Client Experience Lead

Investments

Insurance

Career

Bank Account

Stocks Discussion

Property

Lean Sing Ding
Lean Sing Ding, Client Experience Lead at Endowus
Level 4. Prodigy
Answered on 04 Nov 2019
Hi Jasper! One of the best ways to learn is to read local financial blogs. Check out blog such as 1.) https://investmentmoats.com/ 2.) https://financialhorse.com/ 3.) https://endowus.com/insights/ (Disclaimer I work for Endowus) Remember as you begin investing to be Globally Invested, Stay Diversify and Keep Investment Costs low! All the best!

Investments

Property

Retirement

Investment Linked Policies (ILP)

Endowment Policies

General

Cryptocurrency

Fresh Graduates

Ultimate Hacks: Adulting

Online Brokerages

Fixed Deposits

REITs

ETF

STI ETF

StashAway

Stocks Discussion

Lean Sing Ding
Lean Sing Ding, Client Experience Lead at Endowus
Level 4. Prodigy
Updated on 29 Oct 2019
Hi Anon, If I were in your position - being the cautious individual and kiasu/kiasee individual that I am - I would do this in this particular order: 1.) Before investing - to research and build my own financial literacy: there are a plethora of good local financial blogs such as https://investmentmoats.com/, https://financialhorse.com/, https://heartlandboy.com/ - pick one and read away. You too can check out https://endowus.com/insights/ (Disclaimer I work for Endowus :) 2.) Since you already have some monies in what is often deemed a "tactical" investment such as private shares in the local crypto company - why not look at traditional asset classes such as bonds and equities to build a "core" portfolio. With this core portfolio - and with time on your side - you can leverage the power of compounding to your advantage. 3.) Evaluate the different offerings of "Robo" Advisors and understand their value proposition, fees, underlying investment instruments and the experience of their management team. All the best in your journey and your studies! Stay Globally Invested, Keep Cost Low, Diversify

Investments

STI ETF

Lean Sing Ding
Lean Sing Ding
Level 4. Prodigy
Updated on 29 Oct 2019
Hi Anon, Its great that you desire to learn more. Being financial literate is the first step to financial freedom! Specific to your question of a step by step guide - i would refer you to the excellent blog https://financialhorse.com/guide-to-investing/ At Endowus - part of our mission is to change the financial advisory landscape in Singapore by writing short insightful blog articles that we hope will help investors such as yourself to gain confidence in planning for your financial goals. Do check out our blog at https://endowus.com/insights/. At Endowus believe one does not have to monitor the stock market every day to adequately plan for one's financial future - in fact - there was a 2014 fidelity study that show that "Forgetful Investors perform the best" Have a read at https://www.businessinsider.com/forgetful-investors-performed-best-2014-9?IR=T All the best! Stay Globally Invested, Keep Cost Low and Diversify

Investments

Stocks Discussion

Unit Trust

Lean Sing Ding
Lean Sing Ding, Client Experience Lead at Endowus
Level 4. Prodigy
Updated on 17 Oct 2019
Hi Adam, Great question! General things to look out for when investing in one Unit Trust or a portfolio of Unit Trusts are: 1.) Cost. As Boon Tat helpfully pointed out - there are often Upfront Sales Charge that is taken from your initial investment amount and then management fees that are taken from the Net Asset Value. Very often distributors would charge between 1-3% of Sales Charge and then the Management Fee would typically be from 1-1.75% per annual. And as Boon Tat rightly pointed out - they are exorbitantly expensive. 2.) What is your investment goal? Are you utilizing the Unit Trust to supplement an existing Stock portfolio? Or would the Unit Trust be the primary investment instrument to fulfil your financial goal? These questions would then determine whether you buy a specific focus fund or you would buy a more diversified fund. 3.) It's a great idea to utilize your CPF OA to invest. Investing in a cost-efficient globally diversified portfolio that is appropriate for your risk profile for over 20 years would give you a statistically higher chance of reaping rewards more than the guaranteed 2.5%. I am the Client Experience Lead from Endowus - a fee-only digital advisory fee and we do not take an upfront sales charge and does not take any trailer fees, therefore, the total expense ratio of our customized portfolios are significantly lower than the industry norms. We create cost-efficient diversified portfolios for investors with different risk profiles - expressing the investment ideals of "global diversification, cost efficiency and staying invested" through a seamless digital platform. We will be launching our investment portfolios for CPF-OA monies very shortly - please do visit us at https://endowus.com/ or PM me if you are interested. All the best! "Be Globally diversified, Keep cost low, Stay Invested"

Investments

CPF

Savings

Lean Sing Ding
Lean Sing Ding, Client Experience Lead at Endowus
Level 4. Prodigy
Answered on 17 Oct 2019
Hi there! 1.) Are you referring to your CPF Investment Account (CPF IA)? If you are - Here is how to look up your existing CPF Investment Account Number: - Login to CPF website with your Singpass to access my CPF Online Services - Navigate to My Statement Section C - Click Investment - You will see your agent bank and the CPF Investment Account number. 2.) Assuming you already have a CPF IA - you are already ready to utilize your CPF Monies to invest. But as there is a multitude of instruments catering to different sort of investors with different goals, risk appetite - please ensure you understand the risks and costs involved in the instrument you are interested in before investing. Please see https://www.cpf.gov.sg/Members/Schemes/schemes/optimising-my-cpf/cpf-investment-schemes for more information. If you do not have a CPF IA account - just head to your respective local bank (DBS/UOB/OCBC) websites - they would have information to guide you to open the account. 3.) There are a multitude of banks/financial institutions/robo-advisors/fee-based advisors for you to choose from. Many people have different experiences with these different platforms - my encouragement to you is to began to read widely - there are good financial blogs out that do comparison of different platforms and modes of investment. Personally, the best place to start investing - is to invest in one's financial knowledge. As mentioned there are many free educational materials online - just google and start reading it. Armed with basic financial knowledge - you have given yourself the best chance of success. All the best! "Be Globally Diversified, Keep cost low, and Stay Invested"
Level 4. Prodigy
45PointsGoal 125
80 POINTS TO LEVEL UP
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