Any recommendations for SRS investing? - Seedly
 

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Supplementary Retirement Scheme (SRS)

Asked by Mandy Ng

Asked 5d ago

Any recommendations for SRS investing?

How do I go about it? is it worth giving it a shot? any viable alternatives that I should consider instead?

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Answers (8)

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Hi Mandy,

Tons! In a nutshell, your SRS monies can be used for

  • Single Premium Retirement Policies

  • Unit Trusts

  • SG listed stocks/REITS/ETFs

  • SG Listed bonds

  • SSB

Just don't leave it in the bank doing nothing.

There is no right or wrong answer as to what to deploy your SRS monies in. So I would say that you should take some time to understand all asset classes and what their pros and cons are, before you dive in. Remember that SRS monies are meant for retirement, so you should plan with that in mind.

If it were me, I'd invest in slightly safer instruments. SRS, along with CPF, will form the backbone of my retirement and I'd like just a little more certainity with what I'm going to get. I'll be sharing more during an SRS seminar next week, link's in my profile.

2 comments

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Mandy Ng
Mandy Ng

4d ago

Thanks Elijah for answering! Btw you should definitely promote your seminar on Seedly
Elijah Lee
Elijah Lee

4d ago

Hi Mandy, thanks for the kind words! Seedly is a way to channel my knowledge and wisdom in my spare time, since the bulk of my time is actually spent working with clients on their financial journey, managing their investment and insurance portfolios. Kenneth, Seedly's co-founder has a no hard selling stance, and so I will just mention what I do, with the door always open to people to contact me or attend my seminars, the rest is up to the reader to take action.
Kelvin Seetoh
Kelvin Seetoh, Founder at Kelvestor.com
Level 6. Master
Answered 5d ago

Hey Mandy!

I like iFast a lot because they are a platform which earns fees from various sources. However, one downside is they are a financial platform which means during downturn, people may pull out their funds and iFast may earn lesser.

If you're thinking of investing for the long term, you should consider visiting iFast corporate websites and seeing their latest financial results! During the next crisis, you could also load up VICOM too!

Most importantly, if figuring out how to analyse a company is too time consuming, you could follow Isabel's approach of looking at some stable and attractive policies.

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Hi Mandy,

As what many people have pointed out, you can invest in

  1. SGX listed securities

  2. Unit Trusts

  3. SSB

  4. Roboadvisors ( Moneyowl, Endowus, Stashaway)

through SRS.

As a young working adult, with a small contribution on SRS, I dont like any investment products that generate dividends because it is difficult to invest the dividends cost and time efficiently. I was invested in STI ETF because I like diversification, but the dividends of a few hundred dollars are just costly to reinvest

I have recently shifted my investments on SRS to Endowus 100-0 portfolio. You can read more about why Endowus is a good choice here.

http://bit.ly/2Ywgzrr ​​​

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Yanisa Koh
Yanisa Koh
Level 5. Genius
Answered 2d ago

You can use the SRS money for investing in shares or bonds. Set up an account with the bank and then a trading account.

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Hwee Kian
Hwee Kian
Level 6. Master
Answered 4d ago

I think ETF is an option you can consider, and specifically STI ETF.

STI ETF has no rights issue, and it picks the best blue chip stocks for you. So I think it can be a good consideration.

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Choon Yuan Chan
Choon Yuan Chan
Level 7. Grand Master
Answered 4d ago

SRS Investing can be used for many Invesmtents such as

  • Using for Shares

  • Invsurance Investment products

  • Fixed Deposits etc

That said, my recommendation is to use SRS for shares purchase because SRS is a long term finance instrument where one withdraws at about teh age of 62. This means one should invest with a long term horizon with SRS money

That said invest in shares which has good business fundmanetals. Don't use our SRS money for short term trading​​​

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Isabel Wong
Isabel Wong
Level 4. Prodigy
Answered 5d ago

It depends on your risk appetite - there are a whole suit of products that you can invest in.

Personally, I treat SRS as "savings" more than "investments" hence I'm going for safe assets. As the long term rates are low currently short term endownment policies are a good option - most are offering 2.0-2.5% for 3 years currently. The bad side is you need to evaluate your options again 3 years later.

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Kelvin Seetoh
Kelvin Seetoh

5d ago

Great answer! Depending on risk profile, and knowledge, for me, I am going for some good capital appreciation companies like iFast! (should I have SRS in the future!)

Before you start investing, it will be best to understand your objective. Here are some questions to help you:

  1. What is your capital?

  2. How will you want to invest your capital? E.g. lump sum or an amount on a regular basis

  3. How long will you want to stay invested? E.g. 10 years

  4. What is your risk appetite? E.g. How do you feel about short-term volatility?

  5. What is your objective for investing?

For SRS investment, you may consider to have a balanced portfolio (depending on your risk appetite) of asia equity and bonds. Thereafter, rebalance and fine tune the portfolio from time to time to ensure that you are not overexposed to unnecessary risk.

Alternatively, you may choose to put your money in to a life annuity - guaranteed stream of income for retirement purpose.

Here is everything about me and what I do best.

2 comments

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Mandy Ng
Mandy Ng

4d ago

This is so helpful 👍 Lots of food for thought!
Pang Zhe Liang
Pang Zhe Liang

4d ago

Thank you Mandy! 😃 Be sure to hit the upvote 👍🏻 button. Send me a coffee invite if you are open to hearing my thoughts on how I optimise and plan for my clients. Cheers! https://www.work.pzl.sg/#coffee