Endowus - July 2021

The last few weeks have been so tiring. It seems Baby Ong has entered another phase of sleep regression (8-10 months) where she keeps waking up in the middle of the night and is very hard to put her back to sleep. Probably due to the lack of sleep, we have all fallen sick at different periods of the month. Hopefully, this phase will end soon...

Risk Profile
Goal type: General wealth accumulation
Risk tolerance: Maximise returns (loss tolerance -60%)
Monthly investment using SRS: $638

I have modified my monthly investment in order to max out my SRS contribution for the year.

Account Summary

Capital: $25,616.00 (SRS $15,616.00 and CPF $10,000.00)

Current: $30,013.78 (27.12%)

There are quite a few differences as compared to StashAway. Firstly, all the cash has been invested while StashAway keeps 1% of the portfolio in cash. Secondly, the fees are not deducted on a monthly basis. The Access Fee charged by Endowus will be deducted at the end of each quarter as stated in their FAQ.

As of 15 August 2021, the portfolio value is $30,496.68. The return shown in percentage is just a simple return (P&L divided by capital) including the $10k investment from CPF OA.

It will be clearer/more accurate if we look at the respective portfolio.

I blogged about using Fund Smart to invest my CPF here. On a side note, Endowus is performing much better as compared with StashAway given that both portfolios had the same capital/deposit and started around the same time (StashAway had a few months of headstart).

Asset Allocation

This shows that the number of shares for each fund that I owned:

CPF

- LionGlobal Infinity US 500 Stock Index Fund (4,017.6700)

SRS
- Dimensional Global Core Equity Fund (231.2300)
- LionGlobal Infinity US 500 Stock Index Fund (2,699.5300)
- Dimensional Emerging Markets Large Cap Core Equity Fund (97.5890)
- Dimensional Pacific Basin Small Companies Fund (90.4970)

Transactions

That's all! Overall, I think the statement is pretty straightforward and easy to read. On a side note, StocksCafe does not has the ability to track funds, hence unable to do any form of comparison/benchmark.

If you are interested in Endowus, do use our referral link for our readers! You will get S$10,000 managed free for 6 months ($20 equivalent) and we will get $20 too! 

On a side note, Futu's moomoo app sign-up promotion is now slightly different (Pfizer and Haidilao shares are given with deposit and 3 trades each on US and HK markets. T&C here) and has been extended to 19:59 hrs SGT, 31st August 2021! As part of the collaboration, I will be giving away 5 moomoo 'neck-fix and chill' pillow (not for sale but can be redeemed in the app) to 5 randomly chosen readers who signed up through our referral link for this month! More information can be found here - Futu's moomoo August Campaign + Merchandise Giveaway!

You might be interested in the previous monthly update too:

- Endowus CPF/SRS Review

- Endowus - December 2020 - $12,466.20

- Endowus - January 2021 - $13,080.35

- Endowus - February 2021 - $13,549.30

- Endowus - March 2021 - $15,484.29

- Endowus - April 2021 - $16,570.37

- Endowus - May 2021 - $17,325.44

- Endowus - June 2021 - $28,840.67

- Endowus - July 2021 - $30,013.78

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