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 “global” investment portfolio? - Seedly
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Anonymous

Asked on 19 Jun 2020

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 “global” investment portfolio?

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Wilson Nid A Break
Wilson Nid A Break
Level 9. God of Wisdom
Answered on 22 Jun 2020

Use Endowus to invest spare cpf monies that you are comfortable with the risk, could be any amount post $20k/$30k/.../$Xk.

I would opt out of the POSB invest saver, index investing via STI is just a convenient marketing narrative for banks to encourage you to invest your monies via them.

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Shengshi Chiam, CFA
Shengshi Chiam, CFA, Personal Finance Lead at Endowus
Level 7. Grand Master
Answered on 22 Jun 2020

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.

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Yang Teng
Yang Teng
Level 9. God of Wisdom
Answered on 20 Jun 2020

" The AutoWealth portfolio tracks the MSCI All-Country World Index and the FTSE World Government Bond Index. " The porfolio is already diversified globally so there is no need to further diversify, unless you wish to reduce the weightage on US.

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Yang Teng
Yang Teng

20 Jun 2020

I personally wouldn't invest through invest saver (or STI in general) as the returns are not very high. You can consider REITs through Syfe for local allocation.
Boon Choon Pei
Boon Choon Pei

21 Jun 2020

Thanks :)