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Shengshi Chiam, CFA

Personal Finance Enthusiast. I believe that wealth is a game that we should optimise. Join us on telegram https://t.me/endowus

Shengshi Chiam, CFA

Personal Finance Lead at Endowus

About

Personal Finance Enthusiast. I believe that wealth is a game that we should optimise. Join us on telegram https://t.me/endowus

Credentials

Personal Finance Lead at Endowus

Shengshi Chiam, CFA

Personal Finance Lead at Endowus

  • Answers (186)
  • Questions (3)
  • Reviews (2)

Bonds

Investments

COVID-19

Online Brokerages

What platform should I use for purchase of bonds, and which ones for a decent safety net (i.e. protection from equity volatility)?
Shengshi Chiam, CFA
Shengshi Chiam, CFA, Personal Finance Lead at Endowus
Level 7. Grand Master
Answered 5d ago
You can consider buying bonds with Endowus. We are using UCITS bond funds that are low cost and more importantly, SGD hedged so you dont take FX risks with your bond investments.
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Investments

AutoWealth

Endowus

Robo-Advisors

I already have an account with Autowealth and POSB invest saver. Any advice if I should proceed with a new account with Endowus to have a ā€œglobalā€ investment portfolio?
Shengshi Chiam, CFA
Shengshi Chiam, CFA, Personal Finance Lead at Endowus
Level 7. Grand Master
Answered 2w ago
Hi, Looking at it from an Endowus vs Autowealth angle, we are 1. using SGD hedged bond funds instead of USD bond funds, subjecting you to know FX risk for fixed incomes 2. allowing you to invest CPF, SRS and cash in 1 portfolio 3. using estate tax and dividend withholding tax efficient instruments I think largely Autowealth investment philosophy is the same as ours, so you can make a choice based on the above.
šŸ‘ 0

Investments

Robo-Advisors

CPF IS

Endowus

CPF

In this forum, there are topics around diversification of assets and passive investing. Do you think it makes sense to invest in both CPF OA & SRS in Endowus?
Shengshi Chiam, CFA
Shengshi Chiam, CFA, Personal Finance Lead at Endowus
Level 7. Grand Master
Answered 2w ago
Hi Anon, I personally am sticking to one simple investment strategy for all my investments, which is to be globally diversified, passively allocated across equities and bonds, and investing consistently in a low cost manner. I don't see that there is a need to diversify across brokerages and roboadivsors, into cryptocurrencies, golld etc. Diversification for the sake of it is confusing and sometimes it uses a lot more work than necessary. Hope this helps!
šŸ‘ 1

SeedlyTV S2E08

CPF

AMA 1M65

Savings

Savings Accounts

Retirement

Understand that the 1M65 strategy that Loo preach is based on his story from him and his wife. What about singles? Can we also achieve his method if we do not have a partner?
Shengshi Chiam, CFA
Shengshi Chiam, CFA, Personal Finance Lead at Endowus
Level 7. Grand Master
Answered 4w ago
I am single - and I am well on my way to a very nice CPF balance - the biggest concern is definitely housing though!
šŸ‘ 0

SeedlyTV S2E08

Freelancers

CPF

Savings

As a self-employed person, CPF was never a very attractive savings plan for me. Are there any tips you have for the self-employed going for the 4M65 plan?
Shengshi Chiam, CFA
Shengshi Chiam, CFA, Personal Finance Lead at Endowus
Level 7. Grand Master
Answered 4w ago
Hi Anon, I can understand how you feel, many of my friends who are self-employed feel the same way as well. But do note that CPF contributions for freelancers have the following benefits 1. Contribution are tax exempt - so you have more money 2. CPF contributions are protected by creditors - in case you run into personal liability issues, your retirement is secured 3. CPF interest rates and CPF Life itself gives very good interest, and is a great annuity. What I would recommend is for you to keep a bigger emergency market fund (because of your volatile job income), and with the remaining cash, make a deliberated decision between investing it, or contributing it to CPF (and invest it). You can "use" CPF contributions immediately for mortgage repayments, so why not do a bit of CPF contribution if your finances allow? Cheers!
šŸ‘ 6

SeedlyTV S2E08

CPF IS

CPF SA

CPF

Interest Rates

Investments

Savings

Is there accrued interest if I use the amount inside OA/SA for CPF IS, just like how I use the amount to pay for housing?
Shengshi Chiam, CFA
Shengshi Chiam, CFA, Personal Finance Lead at Endowus
Level 7. Grand Master
Answered 4w ago
Hi Anon, No there is no accrued interest for CPF investments, unlike housing. CPFIS monies when sold will go back to OA or SA respectively.
šŸ‘ 0

SeedlyTV S2E08

CPF

Savings

I am 58 years old, should I start thinking about what I should do with my CPF money or is it too late?
Shengshi Chiam, CFA
Shengshi Chiam, CFA, Personal Finance Lead at Endowus
Level 7. Grand Master
Answered 4w ago
It is never too late to start making plans around our CPF money! There is still a long time for you to spend and grow your money, so you should get started considering your plans. Greg wrote a great article on retirement planning : https://endowus.com/insights/retirement-planning-chickens-eggs-and-investing/
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SeedlyTV S2E08

CPF

CPF IS

S&P 500 Index

ETF

Home Loan

Loans

Online Brokerages

Endowus

Property

You said we use cash to repay mortgage instead of OA. How about instead, we use that cash to buy S&P500 and OA for a mortgage? Won't buying the index with cash incur lower exchange/fund fees?
Shengshi Chiam, CFA
Shengshi Chiam, CFA, Personal Finance Lead at Endowus
Level 7. Grand Master
Answered 4w ago
My personal preference is to pay mortgage using CPF - I would keep cash more for flexibility. Buying index with cash might not necessarily be cheaper- it really depends the platform that you choose to invest in. If you use a low cost discount brokerage like interactive brokers then you would be alright.
šŸ‘ 1

SeedlyTV S2E08

CPF

Retirement

Savings

Do I get to choose between the basic and full retirement sum?
Shengshi Chiam, CFA
Shengshi Chiam, CFA, Personal Finance Lead at Endowus
Level 7. Grand Master
Answered 4w ago
Depends if you pledge your property or not! If you pledge your property, you can choose to be on basic retirement sum.
šŸ‘ 0

SeedlyTV S2E08

CPF

CPF IS

S&P 500 Index

ETF

Online Brokerages

Endowus

Investments

How did you buy the S&P500? Did u buy all at one shot or DCA?
Shengshi Chiam, CFA
Shengshi Chiam, CFA, Personal Finance Lead at Endowus
Level 7. Grand Master
Answered 4w ago
You can do it with Endowus, the S&P 500 is part of our globally diversified portfolio which we manage and rebalance for you so that you can set it and forget it, and not be too aversely affected even if the US markets do poorly!
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