Why don't you make your portfolio like the CPF Life scheme but with a regular drawdown - with no guarantee? Doesn't this sound like a good plan? - Seedly
Seedly logo
Seedly logo
 

Endowus

Investments

Kwong Lok Chan

Asked on 11 Mar 2020

Why don't you make your portfolio like the CPF Life scheme but with a regular drawdown - with no guarantee? Doesn't this sound like a good plan?

This sounds like quite a viable plan to me, why isn't this being considered as a portfolio?

0 comments

2 answers

Answer Now

Answers (2)

Sort By

Shengshi Chiam, CFA
Shengshi Chiam, CFA, Personal Finance Lead at Endowus
Level 7. Grand Master
Answered on 13 Mar 2020

HI Kwong Lok,

Thank you for your question. We can definitely add a feature where we allow our clients sell down their investments in a systematic manner, like a monthly sell down, such that they get a fixed amount on a monthly basis.

Just to clarify, as an advisor, we are investing your money, and not pooling money from CPF momembers and trying to project a monthly payout, which is CPF Life, an annuity product. An annuity product, and a decumulation feature on out platform, is very diferent, even though we get a monthly payout somewhat. Hope this helps!

0 comments

ūüĎć 0
Charles Ng
Charles Ng
Level 3. Wonderkid
Answered on 13 Mar 2020

You can try annuity. Put in X amount for X years and get Y amount for Y years. got guaranteed and non guaranteed projections also. If you can u can staggered different plans so can enjoy constant payout.

0 comments

ūüĎć 0