Endowus Performance Review – Mar 2022

I got a little lazy and probably a little distracted and depress early part of April 2021 – I did other things to distract myself. But overall, no worries. I just had a shorter break this time around but am feeling quite okay now. It is time for March 2022 review now. In my last post, I discussed about being away and not being able to do anything to your portfolio. I did nothing this month since there isn’t much of a dip. Not anyone can just buy in when the market is down. You need to understand your own investment appetite.

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Portfolio Summary

The whole portfolio indeed is rocking in 2022 but I look at it as a long term growth. I am quite positive on US equities 1 year down from 2023-2024 for some reason despite the constant word around hyperinflation news. My cash portfolio isn’t doing too great. On hindsight, I repeat that I do regret my decision because I thought I can take my liquidity out within 3 months but no. Now, i have to do it at a loss. This really sucks because Endowus did a boo-boo by saying that it can be a short term cash fund holdings. Now, I am becoming a long-term investor and had to find cash for my large purchases that was coming up. I am pretty pissed with that but I had to move forward.

Like any other month, I trust Endowus and I would actually recommend them to anyone I know for the investment concept. I know that my investments will be safe with them.  I also read in their newsletter that traditional banks and investing firms are starting to put in monies in the company as part of the drive to stay relevant. The paradigm shift is happening faster than expected. Except the fact for cash funds, I’m happy with them for the investment part of things. I also learned that different people/companies have different expertise.

Lower Investment amount

Whatever it is, they have been quite reasonable about everything. Another plus point is that they have also given me a lot of comfort in the way they allow investors to reduce their initial investing sum. Minimum sum should not be the way to investing. Overall, I feel that I take more pride in knowing who is holding my money and how they do it.

Lowering the bar also allows people who are younger to start early in this long-term process. The other point is what many people are talking about which is the fees. They are probably the only one in the market to rebate trailer fees. I like that bold big move as compared to the other advisors. I will slowly shift my funds over to them. Everyone is different so, you have to try them out first before you decide.

There’s something else which I like about them and that is how they use the power of retail investors to put money into institutional class funds. These funds are accessible only to people with the money and volume to purchase. Yet, they are now available to retail investors.

Cash Fund Ultra Portfolio

I started the ultra portfolio since July 2021 which claims to be around 1.9-2.1% (this went downwards) because I can’t find anything that yields more than 1% interests and it is shitty because it is still down close to -3% all time. I really hate how this is going.

I hope can recover some of the losses but as a function of market related money market funds, I think it will take longer than what i expect.

Further, I added another 30k into the portfolio as cash injection to yield higher interests but it has been negative since day one and still in negative territory so let’s wait and see how things pan out. it is negative -$800. sucky at -2.66%. Well well well. It has been months so it better follows the uptrend when markets recover.

ESG Portfolio

I started this ESG Portfolio during March 2021 and I have some high hopes for this fund to do pretty well. This segment would serve me well for a long term portfolio because I do see the value in investing in sustainable companies an practices. After all, we are trying to make a difference for our little ones. Performance has been stellar. It has pulled back and up +2.26% all time. Finally added $2500 when there was a pullback. Nothing done this month and performance has turned positive. Good for the future and your children guys.

 

The allocation is a 80%/20% Equity/Bond portfolio allocation so there will be more movement on the equity side. This is long term so, just leave it in there. You do good and it brings you sustainable returns. It is for the future and the next generation. I can’t explain more. Maybe it is time for more deployment of cash.

SRS Portfolio

Overall, portfolio is still up +19.51% since May 2020 in SGD. As usual, in USD terms, due to no FX impact as the portfolio is USD ETFs, the performance will definitely be better especially when USD becomes stronger. Of course, the reference will be SGD since I use SGD. This is the SRS/Cash portfolio which consists of my favourite Dimension Funds in a 40% bonds/60% equity.

Overall from May 2020 to 12 April 2022, it is a +19.51% increase in absolute terms – quite okay. This is for the long run. I’m just going to keep it simple to report it overall as I have less time on my hand these days. But do try it out and put out your own performance and tell everyone about the experience. Unless, you nitpick aggressively – I think you will be fine. YTD, it is definitely down.

CPF Portfolio

For the CPF portfolio, it is looking at +10.37% since inception in May 2020. That’s a huge drop of almost 9% from its all time high. This portfolio is being beaten down for now.

On the YTD front, it has dropped for sure.

 

Fund Smart Portfolio

I started this semi medium term Fund Smart portfolio this month in May 2021. I tried to build a balance portfolio. I’m not exactly sure but I will go in via RSP monthly as I wasn’t sure but I do want to deploy some of my cash. All time absolute return is -7.77%. haha. This is done monthly on RSP until 2021. It still continues to be underwater so I will continue the DCA for this strategy.

 

Overall: 52% Equity and 48% Fixed Income

a. 15% in Multi Asset Fund (1 Fund)

b. 45% in Equity Funds (2 Funds)

i. Focus into China Play [10%]

ii. Global equity with dividend accumulation (Re-invest) [20%]

iii. Small Cap equity play (For the Alpha) [15%]

c. 40% in Bond Funds (3 Funds)

i. Climate Bond Fund Play [20%]

ii. Core Fixed Income Play [20%]

Retirement Portfolio 1

So last month, I got down into building a portfolio of unallocated funds to the institution Pimco GIS Income Fund. 0.55% will be the fees annually so that’s going to be start of the accumulation of the coupons from the funds. I am down -5.22% for the month of March.

Retirement Portfolio 2

Yet again, I put in 2 tranches of S$5k into the Lion Global Infinity 500. At one point it was close to 6-7% down and this month it is +3.47%. Real volatility, expected and still strong convicted on this one.

 

The reason for Endowus

Like a broken recorder, the pros once more:

  • Endowus is the first and only robo-advisor to be approved by the CPF board.
  • 100% trailer fees back to the consumer, not the fund management fee. This is really one of a kind I’ve seen so far.
  • They do have a decent team who makes sense when introducing their platform in my personal opinion.
  • I believe all retail investor should try them out because of how they are trying to disrupt investing and make investing work for everyone.

Thank you all in advance for using my referral code.

Last point is to do your own diligence. What works for me may not work for you. Investing in traditional portfolios is about risk management. My Cash Funds are bleeding. That was a super bad call by Endowus.

Disclaimer

If you decide to sign up with Endowus, do remember to use my referral code: https://endowus.com/invite?code=EDZ8M

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These pictures were taken off Endowus website for reference.