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Anonymous

27 Dec 2019

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SRS investing on 15k for 14 years, would i be better off in MoneyOwl or Stashaway ?

1) I have around 15k in SRS for the first time (will top up 15k yearly for tax reductions and investment for the next 14 years), what is the best platform (lowest cost, highest return in 10 years, no estate/inheritance tax if possible) to invest in- between MoneyOwl vs Stashaway?

2) For the 15k SRS funds, is it better to DCA out to the Bionic / Robo or one lump sum?

Thanks a lot!

MoneyOwl StashAway

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Choon Yuan Chan

05 Dec 2019

I will not consider Moneyowl/stashaway.

SRS can be used for many options. Persoanlly i will channel my SRS proceeds to STI ETF or REITS ETF.

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Elijah Lee

05 Dec 2019

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

There is no estate tax in Singapore. It's only in other countries such as US or UK where it is rather high.

Between MoneyOwl and Stashaway, you will have to decide. Your options for SRS are actually wider than that, so you can consider DIY-ing your own investments, don't limit your option to just MoneyOwl and Stashaway, there are many options out there. I can suggest that if you are going the DCA route, you can DCA 1k/mth, keeping 3K as a warchest for ad-hoc deployment when markets present opportunities.

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Pang Zhe Liang

03 Dec 2019

Lead of Research & Solutions at Havend Pte Ltd

Estate duty has been abolished since year 2008 (if I remember the year right).

You may also conside...

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