Unit Trust

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Unit Trust
  • Asked by Anonymous

    Christopher Tan
    Christopher Tan, Executive Director at MoneyOwl Private limited
    Level 6. Master
    Answered 3w ago
    Dear Anonymous Thank you for your question. Please allow me to answer it from MoneyOwl's perspective. All investors' money are protected and held in trust's account under our custodian’s iFAST Financial Pte Ltd - Client Trust, which are subjected to MAS regulations. Even in the unlikely event that MoneyOwl closes down, your money is safe with the custodian. Taking it a step further, if in the unlikely event that iFAST ceases operations, your investment holdings held under custody with iFAST will not be affected as they will either be returned to the investors or transferred to another agent of your choice. iFAST has the responsibility to ensure that all liabilities and obligations to all clients have been fully discharged or provided for, and that proper arrangements have been put in place. As for rebalancing, this is done irrespective of whether the robo is a going concern. At MoneyOwl, we believe that in order to have a good investment experience, one should stay invested for the long term. One way is to ensure that you remain invested in the portfolio that reflects the risks of asset allocation that you can accept. As such, regular rebalancing is done for all our clients at MoneyOwl. You can read more about how we manage your money here https://www.moneyowl.com.sg/#/faq Also, we will be having our first investment symposium on the 25th May. You can sign up for the event here to find out more about how we manage your investments. https://www.eventbrite.sg/e/moneyowl-investment-symposium-registration-60702740531 Hope this helps allay some concerns you might have.
  • Asked by Anonymous

    Gabriel Tham
    Gabriel Tham, Kenichi Tag Team Member at Tag Team
    Top Contributor

    Top Contributor (Apr)

    Level 8. Wizard
    Answered 3d ago
    You can contact a financial advisor who has access to DFA.
  • Asked by Anonymous

  • Asked by Anonymous

    Chuin Ting Weber
    Chuin Ting Weber
    Level 5. Genius
    Answered 3w ago
    Hi Anonymous, the funds MoneyOwl currently uses in our portfoios are not Shariah-compliant. This is an area in which we would need time to do some research on the options available for globally diversified, low-cost, market-based funds that are Shariah-compliant and yet have a long enough track record such that we can be confident of how such a composition delivers and if it can fulfil the required return. In the same vein, we are also in the midst of tying up with estate planners on will-writing for Muslims -- as you might know, we are a comprehensive financial adviser. Apart from investments, if you are Singaporean we would also soon be rolling out CPF planning (CPF LIFE is compulsory now) and once that's launched, we would be able to help all our clients plan for retirement with that as a base. Thank you!
  • Asked by Anonymous

    Sin Ting So
    Sin Ting So, Head Of Client Experience at Endowus
    Level 4. Prodigy
    Answered 2w ago
    Unit Trusts are vehicles to gain exposure to a basket of individual securities. They can both be active or passive investment products. For long-term, buy-and-hold investors who are investing without the need for intra-day trading liquidity, unit trusts can be an efficient product (provided you can keep your costs low!) As Hariz mentioned, investing in unit trusts at low cost allows investors to access the funds at the actual value of the fund (NAV).
  • Asked by Anonymous

    Gabriel Tham
    Gabriel Tham, Kenichi Tag Team Member at Tag Team
    Top Contributor

    Top Contributor (Apr)

    Level 8. Wizard
    Answered 3w ago
    Either way you got to learn, do research and manage your investments. There are also hundreds, thousands of funds out there to choose from just as you choose stocks. You can however go with a robo advisor, they do the heavy lifting work for you by picking the funds and setting a portfolio allocation suited to your profile.
  • Asked by Anonymous

    Gabriel Tham
    Gabriel Tham, Kenichi Tag Team Member at Tag Team
    Top Contributor

    Top Contributor (Apr)

    Level 8. Wizard
    Answered 3w ago
    Unfortunately, you cannot transfer units out from DBS invest saver. You can just leave them there as is and let it grow and continue with Maybank if you wish. Or you could sell them all and use the cash in Maybank.
  • Asked by Anonymous

    Christopher Tan
    Christopher Tan, Executive Director at MoneyOwl Private limited
    Level 6. Master
    Answered 3w ago
    Dear Anonymous Thank you for your question. If you can invest on your own without the use of an adviser, that would be the lowest cost way to do it. You shouldn’t have to use a roboadviser. However, not everyone can or want to do it on your own. If you prefer then to “outsource” this function, then you may want to consider using a investment or financial advisory service. Please allow me to repost an anewer we gave previously on why MoneyOwl might be worth your consideration First, MoneyOwl is not really a pure roboadvisor but a bionic financial advisor - meaning we combine human wisdom and tech - we have an investment robo but we also have a substantial team of well trained (fully salaried) client advisers. We believe that good advice helps to bring about a successful investing experience and that such advice must involve a human element. Advice includes asset allocation, risk profiling, fund selection, monitoring, rebalancing and very importantly risk coaching to help investors stay invested through turbulent market times. There are many reports that show that investors lose out on market return because they panic and sell too early. An adviser adds value when he or she can help investors understand how markets work and stay invested over the long term to capture market return, rather than time the market. Because it involves connecting the head and the heart, we need technology to do the quantitative parts but we also need human wisdom and empathy. Hence sometimes I hesitate actually to say we are a roboadvisor! Second, in terms of scope of advice, MoneyOwl is not only an investment (robo)advisor, but a comprehensive financial adviser. The investment robo module is our third - after insurance and wills - and soon we will launch comprehensive planning where we integrate both CPF planning and investments for retirement planning, plus introduce retirement withdrawal concepts. Third, we are confident to be this bionic, comprehensive financial advisor because of our DNA and parentage. MoneyOwl is not a pure start-up in that we are a JV between two home-grown Singapore corporates, NTUC Enterprise and Providend, who have been serving Singaporeans for decades. From the NTUC side, we inherit our inclination to serve the ordinary folk through fit-for-purpose solutions, hence our investing quantum starts from $100 lump sum/ $50 monthly. From the Providend side of our parentage, we inherit deep expertise and experience in best-in-class, conflict-free and holistic financial advice. Fourth, we believe that our investment philosophy and expression of it through the way we construct and manage portfolios - when coupled with advice - give clients a very good chance of a successful investing experience. Because we are at our core advisors, more than fund managers, (even though we have a full fledged fund management licence), we do not define successful investing as being about maximising return or even maximising risk-adjusted return. Rather, we want to advise and structure investments for clients in such a way as to give you the best odds of meeting your goals. From a combination of evidence we have examined and experience including across the GFC, we know that the keys to successful investing lie in 4 areas: being globally diversified; aiming for market-based return, rather than trying to beat the market through "active management" (either by adjusting asset allocations tactically in response to reading of economic conditions, forecasts or events); keeping costs low; and staying invested over the long term. We are doing an investment symposium on 25th May morning and you might be interested to attend. You can sign up for it here https://www.eventbrite.sg/e/moneyowl-investment-symposium-registration-60702740531 Hope this helps!
  • Asked by Ajeykumar Jeyabal

    Luke Ho
    Luke Ho, Money Maverick at Money Maverick
    Level 6. Master
    Answered 4w ago
    Any portfolio designed for an only 5 year return and trying to achieve a net positive can't have a risk profile that's higher than Balanced. In fact, even then - despite all diversified portfolios making money after 10 years, there's still a little risk. So if you've been placed in 80, or 100% equities, the person who you're working with has no idea what they're doing. I would suggest looking out for that. If you'd like a second opinion from an investment specialist who would design an asset allocation that is more suitable for a 5 year tenure, you can drop me a message. https://www.facebook.com/luke.ho.54
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