September 27, 2023


Learn Business From Experience

My SRS Endowus Recreation Plan

2 min read

Again in 2021, I opened my SRS account to lock-in my withdrawal age at 62 and as one other avenue to scale back my earnings tax. Blogged about it beneath:

2022 SRS Recreation Plan by way of Endowus

Now that it is 2022, I wanted to begin my SRS buy once more. This time, I might be pumping within the max of $15,300 money to squeeze the max earnings tax reduction.

I had initially thought to delay this pump until later this 12 months, as I wished my money to generate increased returns first, after which channel it to SRS.

Nevertheless, I made a decision to be extra robotic about my SRS funding and DCA in. Which means that I’ll

Purchase SRS at 5 completely different tranches, at $3060 every

For the previous weeks, the inventory and crypto market has been dipping whereas awaiting the precise plan from the US Fed. Simply final evening, US Fed has launched their newest plan; considerably aligned with their earlier plans and public’s expectations. Whereas there isn’t any shock charge hike, Fed introduced that there might be additional dialogue and potential rates of interest hike in March, seemingly kicking the can down the street.

Based mostly on the information, it’s unlikely for us to see nice returns like in 2020/2021 inventory/crypto market.

2022 could also be an uneventful 12 months for merchants as a consequence of sideway market.

As a newbie investor, I do not assume I ought to time the market an excessive amount of. I am unable to predict what’s to come back therefore, I’ve determined to only enter my SRS trades 5 occasions throughout this 12 months. 

I’ve simply entered my first tranche now and can replace when my subsequent 4 trades are.

CPF OA funding

Individually, I’ve additionally began dipping into my CPF OA by way of Endowus to purchase into Lion World Infinity US 500 Inventory Index Fund. Simply low 4 digit figures.

The latest drop in SPY500 on Nasdaq alerts a great timing to enter, so I purchased a bit, in hopes to beat OA 2.5% curiosity. I at the moment don’t personal any SPY500 inventory in my Tiger account so I see this as a great way to diversify. For individuals who shouldn’t have a Tiger account, pls consult with the current welcome promotion here and enroll by way of my referral link if you have no from your mates 🙂

Endowus Referral

In case you are eager to embark on Endowus utilizing your SRS, CPF OA and even money, you might want to use my hyperlink to take pleasure in $20 in Entry Charge credit score (equal to $10,000 suggested free, assuming Entry Charge of 0.40%).

As at all times, pls DYODD!

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