September 22, 2023

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 under:

2022 SRS Sport Plan through 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 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 evening, US Fed has launched their newest plan; considerably aligned with their earlier plans and public’s expectations. Whereas there is no 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.

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 yr for merchants because of 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 occasions 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 through Endowus to purchase into Lion International Infinity US 500 Inventory Index Fund. Simply low 4 digit figures.

The current drop in SPY500 on Nasdaq indicators a very good 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 would not have a Tiger account, pls seek advice from the current welcome promotion here and join through my referral link if you have no from your folks 🙂

Endowus Referral

In case you are 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 Price credit score (equal to $10,000 suggested free, assuming Entry Price of 0.40%).

As at all times, pls DYODD!