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Anonymous

Asked 2w ago

What do you invest in with your SRS? Can share your portfolio?

-27 now, so won't touch the money in SRS. What do you invest with this time horizon?

-Do you invest all at once?

-Is there any difference in choosing which bank to open SRS or invest?

-Do you go to other platform for invest? Read that there are options of robo, other brokerage etc

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I am 31 this year, but I have contributed to SRS back when I was 27.

I think investing more in equities makes the most sense due to the long investment horizon.

No difference in agent banks,

I used to invest through a brokerage in STI, but now I swich to using Endowus because of the low fees (0.4%, lowest among the robos), low investment denominations (you can do $100 a month), and global diversification. Easy choice!

You can read more about SRS investing with Endowus here: https://endowus.com/srs-supplementary-retirement-scheme

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Kenny Pang
Kenny Pang

2d ago

I’m using DCA with Stashaway. Started in January with moderate risk profile, getting decent returns (~5% - which I’m happy as it already beats inflation and money left sitting in the bank). Endowus isn’t a flat 0.4 unfortunately. There’s both flat fee and access fee charges (after rebates) for SRS which brings it up to 0.8 - anyone correct me if I’m wrong.
Shengshi Chiam, CFA
Shengshi Chiam, CFA

2d ago

The access fee is a flat 0.4% p.a. Are you talking about fund level total expense ratio? That depends on portfolio that you choose. We choose the lowest all-in investment methodology so you don't pay for any unnecessary FX fees and dividend withholding taxes. https://endowus.com/srs-supplementary-retirement-scheme
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Takingstock @
Takingstock @
Level 7. Grand Master
Answered 2w ago

I am contemplating whether to devote a portion of my srs funds to endowus or stashaway, but for now, I am only utilizing ocbc bcip to purchase about 1500 of ocbc + comfort delgro monthly.

My srs portfolio consists mostly of Singapore stocks and has been showing a worse return compared to my cash or cpf portfolios which are heavier in reits. Part of the reason is I choose to keep the better reits / stocks on my cash / cpf side (I don't see a reason to make same composition across all three)

Back to your question

1) what to invest in? I think I am going to try a two prong approach, split 50% to invest via a robo advisor and 50% I will continue with the dividend stocks via bcip. If by 2022, my own choices still underperformed vs the robo advisor, then I will allocate more towards the robo advisor.

2) do I invest all at once? No I believe in dca and I think it works, but the STI isn't exactly a favored exchange. I believe there is value to be found in sti, but I haven't been able to beat S&p so that's why I am considering robo advisor I read financial horse article, so apparently stashaway / smartly / auto wealth don't beat S&p either (because we account for real fees, taxes and costs, whereas the S&p doesn't).

3) any difference in bank operator? Just look at the fees, and convienence of using the same portal. I think the fees difference is not large enough to swing the decision.

4) yes you can open the srs account with dbs / ocbc etc and still use the robo advisor, or some other eligible program.

In terms of timing / cash flow, I don't put all the money into srs at one time. So I use half my bonus, and save 1k monthly. In the months I planned, I will transfer 3k to the srs account so that there is money for deductions for the monthly bcip. I just find it easier to control the outgoing cash flow so my monthly average balance doesn't fluctuate too much, and the money can earn better interest in the 360.

Tried buying individual stocks, but because the operator takes like two days to confirm the contribution, and there are fees which I may not estimate correctly, I have faced a couple of buy transactions I had to take into cash because I wasn't able to ensure enough money in srs that's why I prefer monthly deductions - it's just easier for me to ensure there is enough for the next deduction

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Takingstock @
Takingstock @

2w ago

I don't think it's realistic, or good use of time to aim to beat s&p500. Can match or slightly behind by a few % (account for us tax) is rather not bad
Takingstock @
Takingstock @

2w ago

But the S&p always remains a good benchmark
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Jayden
Jayden, Manager at Board
Level 5. Genius
Answered 2w ago

Vested in STI ETF and strong blue chips! will just let it earn dividend until old..

I used ocbc for SRS.

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SW
Shaun WQ Lim
Level 8. Wizard
Answered 2w ago

I have SRS investments in UT and Endowus.

Usually will invest immediately after transfer to SRS.

You can link your SRS account to any platform that supports SRS investments.

If you want to have a consolidated view of your accounts, you can open the SRS account with the bank where you have your main savings account?

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