My SRS Endowus Recreation 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 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 can 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 yr, as I wished my money to generate greater 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 night time, US Fed has launched their newest plan; considerably aligned with their earlier plans and public’s expectations. Whereas there is not any shock fee hike, Fed introduced that there can be additional dialogue and potential rates of interest hike in March, seemingly kicking the can down the highway.

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 yr for merchants as a result of sideway market.

As a newbie investor, I do not suppose 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 instances throughout this yr. 

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 current drop in SPY500 on Nasdaq indicators timing to enter, so I purchased a bit, in hopes to beat OA 2.5% curiosity. I presently don’t personal any SPY500 inventory in my Tiger account so I see this as a great way to diversify. For many who shouldn’t have a Tiger account, pls confer with the current welcome promotion here and enroll by way of my referral link if you haven’t any from your pals 🙂

Endowus Referral

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

As all the time, pls DYODD!