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 scale back my earnings tax. Blogged about it under:

Table of Contents

2022 SRS Sport Plan by way of Endowus

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

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

Nonetheless, 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 evening, US Fed has launched their newest plan; considerably aligned with their earlier plans and public’s expectations. Whereas there isn’t any shock price hike, Fed introduced that there shall 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 resulting from sideway market.

As a newbie investor, I do not assume I ought to time the market an excessive amount of. I can not predict what’s to come back 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 alerts 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 individuals who should not have a Tiger account, pls consult 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, 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%).

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

As at all times, pls DYODD!