When exactly is the best time to invest?

Advertisements

At last, the million dollar question – When is the best time to really invest. I really doubt anyone can really answer that question. To take on a serious note, the below points in my own opinion matters to when exactly is the best time to invest.

There is no best time

a. It depends on which part of your life you are at.

b. It depends a lot on how ready you are to commit. It takes a tad effort to do so when you want to invest.

c. Mental plays a big part. I don’t know or I’m not sure doesn’t cut it in my opinion. Everyone need to start somewhere. Today’s world is extremely informative so there isn’t really an excuse other than being lazy. (To a certain extent, it means that you have to take that effort to understand and learn)

d. It is never too early or too late. (Investing $10 you have today let you kick start your journey. If you don’t start, you probably won’t as well)

e. Everyone’s horizon and comfort is different. You have to stay disciplined and well-informed at the same time.

f. Never say never. Things changes and things happen – your chance will come but waiting is sometimes your worst enemy so comfort might be the best choice of word here.

Now, this isn’t a clickbait topic but recently I heard about being people rushing in to get their monies to invest in certain asset classes. While I am a big fan of new ventures and new exploration in investments, you kind of need to be in the know in order to assess the risk if a certain investment is worth it.  A recent trend about FOMO (Fear of Missing Out) is getting a little out of hand. I think in investing you need a clear mind. If you know what you are getting into, heaving FOMO is actually okay. At least it calls you to action. Most people just wait for things to happen which is rather meh.

There are many alternative asset classes available today. This is quite amazing as the banks used to hold the “Traditional” Asset classes such as Bonds, Forex, Equities, Structures, Options, hedge funds and private equity. Some of these access are only available to the rich.

Today, there are a huge variety of investing asset classes such as fine whiskey, fine wine, NFTs (Non Fungible Tokens), cryptocurrency, trading cards, Pokémon cards and many more. Money (Also known as Fiat Currency) are going through a digitisation process. No one ones what the future holds but for now, the adoption is still relatively low so my take is that there are still legs for growth.

The point of this article is to really remind ourselves what is a comfortable price valuation for anything that we do or purchase. Once that is being decided, then we have to move on and not harp over the fact that there is a price drop or if you should have bought it a few months ago.

Every step of the investment process is always a dilemma. The choices we make in life is very different and it varies the sec, min, hour or days. Even having a bad day at work also affects our decision.

Factors

The following is what I personally feel affects our investment decision emotionally:

a. FOMO

b. Stock tips or special investments (never succumb to rumours)

c. New investment asset classes (It excites me because I would think it is the new BTC – 1000x)

d. Alternatives to traditional investments (Regular investments are boring seriously)

e. A bad day/heated discussions or arguments

f. People showing their wealth from certain investments

g. Unique and exclusive (Limited) investments (Pre-IPO related)

Investment knowledge comes a long way and is always revolving. I personally believe banks are growing to be passé over the longer term. Wealth Management is only required for the selected few or many. There are so many options available to invest your money into that there isn’t any need to seek any alternative opinion. If you don’t care about your own money, then no one else will. Then again, others will have no time to manage that part of their finance and will require some managers to do so for them. That said, I always like to repeat my stance about investing and it is never one size fits all.

The sole duty of investments lies on yourself. Eventually, with or without a manager/expert analyst, the investment decisions and risk is one that you take on your own. So, we can’t really blame anyone for this. Some choose to pay a premium for the service rendered to save time while others choose to DIY and explore cheaper alternatives. There is no right or wrong in doing so – However there is a difference between penny wise pound foolish.

Disclaimer

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at https://lifejourney.blog/contact/

These pictures were taken off certain website for reference.

ESG & more on Endowus & Why Endowus

Advertisements

There’s a lot of hype around Robo-Advisors these days. I still go by the same rules, if nothing is broken, there isn’t a need to fix anything. Robos are here to stay for sure and they have been rather un-emotional when it comes to investing (That is a good thing by the way if you are thinking otherwise)

Trust

Trust – It is the pinnacle of consideration when you invest or put money with a certain institution. Endowus has been – I would use the word trustworthy to describe them. A lot of these have been shown in how they conduct their business. Firstly, I have a finance background and for the longest time, I’ve worked in Finance. To be honest, there wasn’t a single day I felt happy until I truly left the industry. Finance is all about numbers and money. People are motivated by the fact that they make the quickest buck from the fastest source. However, what I am seeing here is quite the opposite. They are pretty truthful and walk the talk through their actions.

The points in Summary

  • The introduction of institutional class funds. If you are not in the know, you will not know. The more funds/money you have, the more you will be in the know hence you save more on fees.
  • The exclusivity in certain funds that only that few can launch with other fund providers. Sometimes, it’s about the expertise that is focused on the fund type
  • The fund rebate. No need to explain more about it. Fund fees and rebates are very transparent and apparent in how they rebate it back.
  • Quarterly fund charges are charged only end of the quarter. I’ve never seen that before or not many does it. Most funds and banks does the front loading. The worst type of funds are ILP – They embed the bid-ask to 5% (That’s just rip off and I say that those who offer these may not even know about it)
  • First and only digital advisor to be able to use your CPF to invest. Speaks a a lot about the trust of the board to allow them to do so.

New Point to Note (& ESG)

  • Recently, they launched an ESG fund portfolio that is made up from several well known fund houses specific to the ESG criteria. It is important to invest responsibly and sustainably. ESG has been around for the longest time. In Asia, we hardly ever hear it until only recent years and by quickly moving on this front – They are really one of the fastest to bring this up to scratch. No doubt, this is one to invest for the generations to come.
  • To secure your funds, all your investments are not held in custody. You own your own account in UOB Kay Hian but the investment is managed by Endowus. This is to safeguard your own money should they decide to close down one day (which I don’t think they will in the near term)

Finally, i recently received an email from them. For the longest time, they have the bar set at an initial S$10k investment. This has been slowly reduced and to date. For every friend who invests with Endowus, you both get $20 in Access Fee credits, equivalent to $10,000 advised free for 6 months. There is no limit to the number of friends you can invite.

There is anything much to add on and nothing to complain about other than your investment and redemption takes times to complete.

Disclaimer

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

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at https://lifejourney.blog/contact/

These pictures were taken off Endowus website for reference.

Futu Brokerage – MooMoo Singapore Promotions

Advertisements

Here comes another brokerage in Singapore – Futu Holdings and under the Singapore name “MooMoo”? Sounds kind of fishy but legit.

From their website:

Their investors include Tencent Holdings, Matrix Partners and Sequoia Capital. Sounds decent to me.

Futu Holdings Limited (“Futu”) (NASDAQ: FUTU)is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform .

Futu was listed on Nasdaq on March 8, 2019.

Under MooMoo, they are under the Singapore branch, https://www.moomoo.com/ and from time to time they will run a promotion to fund the brokerage account to get 1 Apple share. Although after setting up the brokerage, maybe buying Futu stocks in the US stock exchange might be a good idea given their backing.

After Tiger brokers, here come another commission free brokerage mobile platform with similar functions and good promotions. It seems like the apple share promotion has ended. If you wish to sign up for those commission free perks and/or future promotions, do use my referral code here: https://j.moomoo.com/004Fsa

  1. Currently, the promotion would run for 600 days free commissions.
  2. Also if you fund USD 2k equivalent. there is a USD30 credit.
  3. Plus free level 2 market data.

Disclaimer

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

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at https://lifejourney.blog/contact/

These pictures were taken off Futu/Moomoo website for reference.

AutoWealth – Performance Update & YTD (February 2021)

Advertisements

AutoWealth is my long-term portfolio approach. For my child’s portfolio, this is to  add on over time and have a good 20 years horizon. My only gripe is that I cant measure YTD performance. Of course, there is no reason to do that expect for measurement purposes. A time weighted performance is more of an important indicator in my opinion. Just a reminder for myself and on why I chose Autowealth:

Why Autowealth?

My two reasons for doing so is really just (a) try out one more robo advisor/segregate a portfolio for a sole purpose and (b) segregate this fund for any other purpose other than the kid’s investment journey.

Don’t sweat the small things, the costs of robo are so low. We are talking about a 15-20 year horizon here so heck those low costs. You need to pay them to keep their lights running.

Perhaps Auto Wealth is in a different segment all together but they are the ones I see positively after the other two. After signing up in June, I finally got to funding the account in September and October when markets were on the downside. The idea of doing this over the long term is to really to buy in when markets drop.

Markets will go up and each time it drops, just pick some up and let the robots do the work on balancing and re-balancing. As long as fees remains low, the portfolio will grow over time and over a longer period. It should remain in the black based on some back testing. I like it that they have already breakeven so it would be less of a pressure as a company.

As a pretty new kid on the block, it does look like they are one of those companies who keep things lean, mean and transparent for others. Many times, I do not mind paying slightly more for better service or better app/products. I speak for myself though as I do know many who penny pinch and I shall not comment more on this. My philosophy is to never sweat the small stuff – To have bigger dreams, you will have to let go of the small things. No change in Portfolio allocations.

Performance – Feb 2021

Looking at the portfolio, it is pretty expected as the market has been pretty neutral.  My investment horizon would be estimated to be 15-20 years. This is a portfolio which is set at roughly 40% equities and 60% bonds. The investment vehicles will be through ETFs. It does look like it can withstand long term peaks and troughs. What i really like is that i can switch between the SGD and USD currency performance portfolio as well as the impact on USD SGD forex on performance. USD has been steadily increasing versus the SGD.

Overall, since funding to date (in SGD currency) performance is +9.13% and I like this. The impact of USD on SGD is about -2.08% and by referencing the portfolio in USD, absolute return would be at +11.00%. No complaints thus far.

Looking into the details if I were to look at the portfolio value at $5334 (end Dec 2020) versus today at $5457. Some simple and manual YTD calculations below

YTD Performance[($5457-$5334)/$5334] x 100% = +2.30% (YTD 10 March 2021)

Disclaimer

This is not a sponsored post. This is purely my own opinion after using their service and/or products. If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy.

If you like what I am sharing or if it resonates with you, do use my referral codes here at https://lifejourney.blog/contact/ for the services.

The pictures were taken from Auto Wealth website for this article. If you need a referral code, drop me a message and you can indicate my full name during registration. From there, both of us will  get $20 each to supplement the fees.

Being Angry for the things you have no control over. Does it help?

Advertisements

There are many times when we are angry. Be it for the right or wrong reasons, there will be times where our own limits are being tested. Some people just cannot take it that they are wrong, that’s just more Alpha kind of folks. Some people are just generally angsty all the time. The slightest thing piss them off. However, when you are angry, who is it that is really affected? Are you venting to the person beside you though you are not angry at them? Or are you just shouting to yourself for someone else you are upset about?

The person whom you are shouting and angry about probably don’t even know. So, what is the point in getting angry. I get it, sometimes i need to let off some steam too but not all the time though. The other day, there was an angsty driver who couldn’t get on the main road because there were just too many cars. The other day, I heard someone banging the table downstairs while working from home. Shouting eventually came on and I could hear someone else shouting back.

Deep Thinking

That made me think a little deeper. When you are angry, the person who do not know you are angry at them. Should you really express it? Eventually, the question to ask is that if one can control their emotions. Not me I would say. I am human and I cannot control over worrying, being angry and also overthinking. I’ll say most of us tend to think that we are right but is that really true? Truth be told, that little arrogance sometime annoys me a little. All we need is just to keep our heads down, be humble and learn along the way. There will always be someone or something that is better than you.

Investing the same?

Similarly, your investment style differs. Emotions run wild in those events and each time you think that markets are coming off, you actually risk missing a chance to recover more than what you should have if you would have chose to do nothing.

The thing about personal finance is that whether one has just starting building your finances, middle stage of building your fund or at a late stage of taking on your retirement funds. Young, old, poor or rich in all categories – There is really no one size fits all and regardless if you are famous or not. There will be emotions involved in all situation.

Recently, I also fell ill and because of that I had to take some matters off my hand. At the same time, markets doesn’t care if you are ill or well and that kind of struck a chord that I need to do less of trading and more of passive investing. Looking back at some of the portfolios for 2020. All 4 robo-advisors returned double digits which is by far the best I have seen. Of course, trading returns have been the best returns for me but those are super high risks.

Robotic in Nature

The idea in letting someone trustworthy to manage your funds are hard to come by. Banks are driven by profits and their pockets matter more than what money you have. Even if they did, they would have another agenda. Nonetheless, the idea – You get it! Only services make revenues.

Convincing Strategy

I’ve been convinced by the way Endowus and StashAway have been working for me as a portfolio:

  • Fee wise it is always all inclusive.
  • ETFs or Fund investing has always been the way to invest regularly. They track index and replace those companies who underperform along the way.
  • In particular, Endowus provides that 100% trailer fee rebates. It is the best one I’ve seen so far to not take a dime that is not transparent to the consumer. On a side note, your funds are in your own name (invest and managed via UOB Kay Hian but through your own channel) If anything happens to Endowus, your money is safe in that sense.
  • Such portfolios are not timing the market and look further into the long term. You need to be disciplined in that manner.
  • I mean especially for Endowus, they charge you a small fee which keeps them running. They invest into some fund types which are institutional in nature. Layman, it means as a normal consumer – you probably could not access these funds.
    • Usually but not always, the so called “hidden fees” are reduced due to economies of scale (Institutional class – Imagine Sovereign wealth funds)
    • Special corporate classes which have a minimum to invest. By using Endowus, collectively as retail investors normal retailer investors can put their money in at a fraction of the cost.

Agree to Disagree

Some points I kind of read and agree but disagree:

  • Yes, I read and heard that you can mimic trades and portfolios but my question is that if you have the economies of scale. How big are your trades?
  • Forex Exchanges rates especially in USD. Can you really accept using another channel to make the exchange or accept the market rate in your brokerage?
  • Replacing and re-balancing your portfolio. I think time matters more to me than doing these stuff which is time consuming. There are people who love doing this and do not mind doing so. So, leave it to those who does the best in their jobs.

This image was taken off Seedly and taken as a reference. Frankly, minimal investment amount should be the last thing on your mind. Fees, rebates and what is the company trying to achieve should be the top priority.

Disclaimer

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at https://lifejourney.blog/contact/

a. Use my Endowus referral link and both you and I will get $20 credit to our account: Endowus Robo-Advisor to sign up now.

b. Use my Stash Away referral code and both of us are entitled to a 6-month management fee waiver, for up to $10,000 SGD of assets invested. Visit Stash Away Referral here to sign up now.

Everest Gold

Advertisements

The sound of Everest Gold is not exactly sound and safe at first notice but they are a new digital trading platform. You can trade gold digitally now, akin to a stock brokerage account. There are a number of articles out there from bloggers and online news that talks about Everest Gold.

Trying it out

To try it out, you do not need to put in any money. All you need is to use my referral code and your will be awarded 200k points which is approximately USD 20. These rewards can be used to subscribe for gold during their events.

  • No need for any transactions. Just make sure your details, bank accounts and everything is verified.
  • Referral is limited. Not sure if they will be bringing this back but in Oct 2020, the fee was 300k points which is approximately USD 40.

Referral

Use this link to find out more if you are interested at Everest Gold or use this referral code when you decide to sign up: TZLLE. Both of us will get more rewards for subscription.

History

A little dig up of the company. Everest Gold is a Singapore-based  fintech gold trading form. The creation of such a service is to digitise gold trading and makes it easy for both beginner and expert investors. It is suitable for anyone who have interest in gold trading. I personally have also tested their customer service team and response is pretty decent.

Everest Gold uses 999.9 pure investment grade gold. 1kg bard are from a refiner in switzerland. You can also download them from an app and investing starts from 1 gram. From what it seems, anyone can trade and liquidate almost immediately. Physical gold assets can also be collected from their depositories by submission of a request in-app.

Disclaimer

I do use this service and by signing up as a referrer, both you and I will get some benefits.

As with all investments, there are risks involved so please do your own diligence.

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at https://lifejourney.blog/contact/

The pictures were taken from the Everest Gold website for this article.

Stash Away (Sep & Oct 2020)

Advertisements

I’ve not been diligent in posting my performance that i invest into Stash Away. It has been positive so far (the experience) and I’ll say it is on par with what Endowus is providing. In my own words, I’ll say that they complement each other and offer different perspective. I do trust and believe their views on certain aspects of investing and hence, SA shall be the second robo advisor that I will build a long term goal with over time.

I have since adjusted the risk index to below 20% as I felt that there isn’t a need to go all out Risk On. Having calculated risk per $ makes more sense in my opinion as news and information goes on a random rampage. Most importantly, I am invested – So if Mr Market decides to go up that is fine too. If Mr Market decides to go down, then it will be time to put more funds in. After all, it is a long game.

Retirement Portfolio A (risk-14%)

The SRS account since deposit is currently at +2.46% as on 5 Nov 2020. It’s one of those that I went in February 2020 before the crash came in March 2020. Nonetheless, I believe in the long term strategy that S&P 500 or index generally rises over the longer term so I have a super long horizon on this. I haven’t decide if I should fund more SRS monies into SA or Endowus. We shall see how things turn out.

Education Portfolio B (risk-16%)

This is something I set on a 15-18 year horizon. It is at +5.06% as at 5 Nov 2020 and I think that is a good return in my view. I have been averaging in whenever there are market dips. The risk index is at 16% and I will adjust from time to time as I do believer that by doing so, you sell some assets while buying into a new asset class based on the risk you set so in a certain sense, I can take profit while increasing or reducing my risk. Try not to touch any of those if you don’t quite understand how that works. There is some level of punting involved.

Education Portfolio C (risk-20%)

This portfolio has a shorter horizon of 12-15 years so I feel that I need to take on some risk to achieve my goals. This SA risk index is currently at 20% and will take on to be one of my riskiest portfolio. More funds will be added over time to achieve my targeted invested goals.

Conclusion

So far StashAway has not failed me in a sense that it fits in to my investing style and logic. I wish to put more into the accounts but I cant bring myself to invest when prices are going higher and higher. Instead, when things come down I find it easier to put money in.

To sign up or try out Stash Away, visit the website and use my referral code at Stash Away Referral

We’ll both get up to $10,000 SGD managed for free for 6 months which is a good deal.

Disclaimer

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at https://lifejourney.blog/contact/

The pictures were taken from the Stash Away website for this article.

Endowus – Performance Sep & Oct 2020

Advertisements

I should actually do this regularly on the monthly updates to reflect how effective this portfolio can be. I missed one month of record in Sep 2020 and hence this jumped forward to the Oct 2020 portfolio.

As you can see, the last period of Oct has been a pretty volatile US market which makes diversification much more important. I am beginning to see the benefits of using Endowus as it is a systematic approach. When i initially signed up for this in May 2020, I wanted to see how the CPF portfolio and SRS/Cash portfolio performs. Truth behold, there wasn’t any worries about market dropping off and if I should sell any tickers.

SRS Portfolio

This is definitely up my alley in terms of overall portfolio management as well as long term Core portfolio. Without more talk, let’s take a look at both portfolio. This is the SRS/Cash portfolio which consists of my favourite Dimension Funds in a 40% bonds/60% equity. Overall from May 2020 to 5 Nov 2020, it is a 6.86% increase in absolute terms.

 

CPF Portfolio

For the CPF portfolio, it does not come with the Dimension Funds due to the restrictive nature in what you can invest in but I think this is excellent performance compared with the 2.5% in CPF.

Just simply, 6.66% in absolute returns ever since investments were made in May 2020.

Frankly, initially when I got to know about Endowus it felt like oh gosh another robo-advisor but when I started to listen and understand what they are trying to do, I am beginning to trust that what they are doing is for the good of the community and retail investors. Their fees are arguably one of the lowest in terms of value from the way i see see.

Recently they came up with a SmartFund DIY portfolio which looks really interesting. I would definitely be looking this up when there is a market pullback.

A quick review again:

  • Endowus is the first and only robo-advisor to be approved by the CPF board to use your CPF OA excess funds to invest.
  • 100% trailer fees back to the consumer.
  • Over the months, investment content and market overview has been valuable.

Disclaimer

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

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at https://lifejourney.blog/contact/

These pictures were taken off Endowus website for reference.

Singapore Reits or not?

Advertisements

Singapore Reits is something that many Singaporeans understand and take heart to. Some folks actually build their income/passive income via this source and I can see why.

My take on Reits on SGX

a. First it is based in Singapore – There is this local bias that it can do well given most people like to see for themselves if the malls are working out well in terms of retail quality, crowd, spending and how many shops are still in business.

b. SGD payouts avoids the currency risks. For a retiree or someone drawing on income from dividends, this payouts serve as a source of bill payment.

c. An alternative and cheaper way to enter the real estate market in Singapore is really through the reits/stock exchange. I know that people will argue that it is different but technically in my view, it is the same (And you do not need to pay stamp duties, get a mortgage and pay sales charges)

d. It is more liquid than real estate.

For a long time now, Reits have been growing big and popular within the investing community. Again, all investments comes with risks – Most people have more comfort in dealing with things they can see or get a sense of. For a long time, there have been plenty of wins for reits but as you can also see, the Circuit Breaker period in April through May have affected them in a way or another.

Diversification?

So again diversification is key to investing once more. If you put all your eggs into the Reits for passive income, then with such dividend cuts your bottom line is definitely affected. Currently, it doesn’t seem like this Covid situation is going back down or slow down whatsoever so dividend cuts is going to be prolonged in order to save businesses and jobs. Then again, there are certain sectors who might see a booming business such as Data Centres or even certain suburban reits. Sub-urban malls are definitely crowded but the former shopping aisles in orchard and high end malls are definitely missing the tourist crowd which rakes in the cash and spending. It is no wonder why people are worried about their livelihoods.

It is not all doom and gloom. Sectors will emerge while some will recover. It is definitely time to pick up some if you did not have any. The idea is to really have a long-term goals when you pick a stock and stay disciplined. Once you sell it off, you may never be able to pick back the company at their valuations again.

The Passive or Lazy Choice

If you are lazy, let Robo-advisors do the trick for you. For e.g. Syfe. https://www.syfe.com/ Initially i only took on the Reit+ portfolio some time in April 2020 to test it out so that I do not need to manage the portfolio and incur those trading fees. They have expanded other products such as a Global ARI portfolio (Long term investment into equity,bonds and commodities) and Equity100 portfolio which is 100% into global Equity ETF (US and UK listed ETFs)

Auto-rebalancing

Syfe has invented their ARI (Automated Risk Investing) methodology, which is a risk-based rebalancing strategy, which changes the allocations of your portfolio according to changes in risks in the market in order to limit your losses. In short, once it triggers a certain level, the system will trigger an alert and things start to sell off to re-allocate. It also means that over the longer term, you will naturally see a better performance of the portfolio.

Every rebalancing of course depends on what portfolio you choose from so everyone is different. I personally like the idea of investing into a portfolio of reits instead of picking it on my own. In terms of fees, it depends on your investment amount with them.

In terms of pricing, I think it is cost effective. Do find out more about it here https://www.syfe.com/pricing

a. Management fee per year is at 0.65% p.a. for investment amounts S$0 – S$20k.

b. Management fee per year is at 0.50% p.a. for investment amounts S$20k – S$100k.

c. Management fee per year is at 0.40% p.a. for investment amounts S$100k and above.

Do use my referral code to get some benefits when you sign up a new account with Syfe. Referral Code: SRPTSMQ5J

You will get (Find our more about their referral scheme here https://www.syfe.com/magazine/how-can-i-invite-a-friend-to-join-syfe/) :

a. S$10 bonus if you invest S$500

b. S$50 bonus if you invest S$10,000

c. S$100 bonus if you invest S$20,000

Disclaimer

This is not a sponsored post. This is purely my own opinion after using their service and/or products. If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy. 

If you like what I am sharing or if it resonates with you, do use my referral codes here at https://lifejourney.blog/contact/ for the services.

The pictures were taken from Syfe website for this article.

New Changes to MoneyOwl Fees

Advertisements

MoneyOwl is an initative from NTUC Social Enterprise. They are sort of a Robo-advisor coupled with a suite of wealth planning tools such as will writing and insurance solutions. What really attracted me is their rather simple way of investing and using Dimension Funds as part of their portfolio construction.

As a retail investor, you will most likely not be able to access such funds. When the market tanked sometime in Feb 2020, I picked a few Robo-advisor to invest into and look into performance a few months later. Almost six months has passed now and I will most likely show some of the performance in my later posts but I must say, by doing nothing much, all advisors reported positive returns as compared to my own stock picking.

Changes to MoneyOwl

Recently, MoneyOwl announced that they have lowered their investment advisory fees as well as absorbing the platform fees.

a. For Asset under management S$10,000 and below, there will not be any fees through 31 December 2021. This fee will be rebated back to the portfolio. So take note that only Cash investments are eligible for this rebate. The cash management accounts do not have these in place and your total portfolio value has to be above S$50.

b. There is an introduction fee of S$99 which is worth about S$535 for a comprehensive Financial Planning. Money Owl’s advisors will sit down with you to review your portfolio with detailed report and recommended next course of action. (~2 hours)

c. Additionally, they are introducing free financial resilience workshops to focus on cash flow management and debt management. Likely through Webinars and anyone can join in.

It is nice to see that as a partner to our national social enterprise, they are making moves to help Singaporeans. The reduced fees on investments which is one of the key points in long term investments. The more fees you pay, the more it affects your own portfolio performance.

However, they should really look into improving the interface. (for e.g. making it into an app) They also introduced a referral fee scheme or some promotional fee scheme for new sign ups. Not much complains other than that.

Follow us visit my blog if you like what you read at https://lifejourney.blog

Disclaimer

This is not a sponsored post. This is purely my own opinion after using their service and/or products. If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy. 

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at https://lifejourney.blog/contact/

The pictures were taken from Money Owl’s website for this article.