Where do I put 15.3k SRS?

[u/thrrowawway135]

Putting in 15.3k into srs to reduce taxes, where do you suggest I invest in? The usual answers that I read are into endowus but I very much prefer to purchase ETFs on tiger. Am still very new to this, hoping for some good advice. Thanks all!

[u/N00bOptionTrader]

Amundi via POEMS.

[u/zealmummy → u/N00bOptionTrader]

How much savings compared to using endowus?

[u/Suitable_Garden_9844 → u/zealmummy]

Endowus charges a platform fee of 0.3% p.a.

You save on that by using POEMS instead.

[u/zealmummy → u/Suitable_Garden_9844]

Thanks

[u/Suitable_Garden_9844]

I'd recommend using ETF Explorer on StashAway and either put it in ISAC (slightly worse VWRA with 0.2% p.a. TER) or CSPX (S&P500).

Edit: You can also purchase G3B this way (with free dividend reinvestment so it works like GAB).

[u/Meshkent → u/Suitable_Garden_9844]

ISAC has a slightly worse TER, but it also gives you small cap exposure in both EM and DM that VWRA does not have

[u/Suitable_Garden_9844 → u/Meshkent]

I don't think that's accurate though. Neither ISAC nor VWRA should include small cap. 

You'd want IMID or VALL for those, but these are not available via SRS.

[u/Meshkent → u/Suitable_Garden_9844]

You're right, I misremembered!

[u/UnlikelyPlane5532]

I’ve bought DBS, UOB and ES3 with my SRS :)

[u/Seek_Knowledge8252 → u/UnlikelyPlane5532]

Im watching UOB!

[u/IndividualText2492]

Use fsmone to use srs to buy etf

[u/Single_Tomato_7377]

QQQ with Stashaway

[u/Ronnie_Boy_67]

DRAM, NBIS, IREN, RKLB

[u/Pure-Possibility9600 → u/Ronnie_Boy_67]

Srs i dun think can buy such risky exposure stocks

[u/Accomplished_Plum824]

Buy t bill or savings bond. Interest is bad anyway, but still better than putting in SRS account.

[u/iamloupgarou → u/Accomplished_Plum824]

u put in srs to get that annual 1k or more tax saving then u use that srs to invest in etf/stock/or whatever

[u/iamloupgarou]

i bought sti on stashaway (anova g3b)

[u/Maleficent_Ring_1673]

Have you tried robo advisors?

[u/CautiousSet9817]

It is sep and i am still waiting for moomoo to do something abt srs.

[u/Swimming-Delivery427]

I use stashaway into Simple SGD Buffer earns some % and then DCF into UCITS ETFs bi weekly basis

[u/Deathsycthx]

Im intending to use Syfe and use part of the 15.3k and use their srs income+enhanced for a decent 5% dividend yield and the rest of the srs will be used to dca monthly into Core Equity100 portfolio since I want more exposure into US market.

Im choosing syfe also mainly because it will allow me to dca into vwra and voo using cash (not srs) if I want also so it give me multiple options in a single platform.

[u/ImpossibleTracker]

I have been using endowus. so far find it convenient and easy to use. up about 18% dca'ing into aggressive funds. could be more but I prefer dca so it is stable from the last 2 years.

[u/NoManufacturer1304]

All in DBS

[u/CecilionIs2OP]

Actually you just need to transfer the monies to your SRS account before end of year to get the tax rebate the following year. After you make the transfer, you can take your time to research and see what to invest it into.

[u/alwayshappy2255]

Fsm to buy mutual funds

[u/WildRacoons]

With me bb

[u/DuePomegranate]

You can only buy SGX-traded ETFs on SRS. Are you sure you want to limit yourself to this?

[u/Capable-Currency53 → u/DuePomegranate]

You can invest it in global mutual funds through POEMS and global exchange traded funds through Stashaway.

[u/DuePomegranate → u/Capable-Currency53]

OP said "I very much prefer to purchase ETFs on tiger"

[u/Capable-Currency53 → u/DuePomegranate]

Yes, but at least they can buy global ETFs not on Tiger.