RC

18 Jul 2020

∙

I am considering Endowus but it needs to start at min 10k using CPF and monthly RSP for 10 to 15 years. With current Covid-19 market conditions and going down the road, should I wait for months to see and start later?

Looking into EndowUS, as need to start at min 10k and monthly for 10 to 16 years. With current Covid-19 market condition and going down, should start later ?

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Aaron Leow

18 Jul 2020

RSP only works if you remove emotions from the plan. Add in timing and the plan will fail. Start out with what is comfortable for you, and stick to it.

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Shengshi Chiam, CFA

18 Jul 2020

Personal Finance Lead at Endowus

If you can commit to investing consistently in the next 10 to 16 years, and to put in a significant amount relative to the $10,000 you put in ($500 or more), I dont think that starting later or earlier matters as much, because you would have put more at work.

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Jian Rong

09 Jul 2020

If you are planning to RSP and you want to wait, you are missing the point of RSP. It is to dollar c...

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Considering the current economic climate, if I want to start investing with $10k in ETFs such as IWDA/SWRD, would a monthly DCA using IBKR be 'safer' compared to lump-sum $10k using SCB?

If I finished paying for my house using CPF in 10 years, but only sell it 15 years later. What is the accrued interest I have to pay?

When will you jump into Singapore Savings Bonds? SSBs this month start at 3% year 1. Interest rates still going up the US Fed predicted to increase rates by 75bps. Do you buy this SSB or wait and see?

If I use cpf to pay the full amount of HDB loan, what will happen when I reach 65 years old? Do I need to payback to cpf before I can start my cpf withdrawal?

I am 32 now, if i start investing 1k every month until say 10 years later, am i able to compete/keep up with those who have saved 100/200 when they started at 21 or am i too late already?