My SRS Endowus Sport Plan

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

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2022 SRS Sport Plan by way of Endowus

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

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

Nevertheless, I made a decision to be extra robotic about my SRS funding and DCA in. Because of this I’ll

Purchase SRS at 5 totally 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 night time, US Fed has launched their newest plan; considerably aligned with their earlier plans and public’s expectations. Whereas there is no shock charge hike, Fed introduced that there will probably be additional dialogue and potential rates of interest hike in March, seemingly kicking the can down the highway.

Primarily based 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 attributable to 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 return therefore, I’ve determined to simply enter my SRS trades 5 instances 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 International Infinity US 500 Inventory Index Fund. Simply low 4 digit figures.

The latest drop in SPY500 on Nasdaq indicators a great timing to enter, so I purchased a bit, in hopes to beat OA 2.5% curiosity. I at present don’t personal any SPY500 inventory in my Tiger account so I see this as a great way to diversify. For many who do not need a Tiger account, pls check with the current welcome promotion here and join by way of my referral link if you haven’t any from your mates 🙂

Endowus Referral

If you’re eager to embark on Endowus utilizing your SRS, CPF OA and even money, you could 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%).

https://endowus.com/invite?code=FUKYD

As at all times, pls DYODD!