Samuel Rhee, Co-founder and Chairman of Endowus, believes gig workers require dedicated support to get started on financial planning. With inflation eating away at savings, platform workers should plan for the long term and build a meaningful retirement nest egg. They are also encouraged to develop good saving habits and establish an emergency fund of around six months of expenses.
In this commentary piece, Sean Wong, Head of Investments at Endowus, discussed how Singapore’s inflation rate has been outpacing CPF OA interest rates. To ensure that their pension savings achieve higher real returns and build a meaningful safety net, CPF members can make use of the higher interest in the CPF SA account till they are 55 years old, and invest their OA monies in low-cost, globally diversified and risk-appropriate portfolios.
(From 4:15) Hugh Chung, Chief Investment Advisory Officer of Endowus, shared that the firm’s female clients appear to be comparatively more structured, disciplined, and invest with a long-term view. Endowus’ growing female clientele and uptake of its investment solutions, including Endowus’ FundSmart and expert-advised portfolios are encouraging signs of women becoming more proactive in managing their finances.
Samuel Rhee, Chairman and CIO of Endowus, was on Bloomberg Daybreak Asia to comment on investor sentiments in global markets. There is strong interest in global and US technology markets, and increasingly positive sentiments in Japanese markets. However, confidence remains low in China markets, and ongoing geopolitical tensions pose various macroeconomic challenges for the European market.
Samuel Rhee, co-founder and CIO of Endowus, emphasised the importance of taking calculated risks to get compensated with suitable returns and stave off longevity risk – the risk of living longer with not enough. CPF members should stay invested in globally diversified, low-cost portfolios to compound real returns over the long-term, ensuring they do not run out of money in their sunset years.
(From 16:30) Samuel Rhee, Chairman and CIO of Endowus, commented on global market performance and investor interest in China and Japan markets. Despite China’s market rebound, surprising growth rates are unlikely. The Chinese government will need to send a strong message, either through a fiscal or monetary stimulus or a strong growth target, to address negative sentiment. Amid positive growth and consumer recovery in the Japanese economy, successful wage negotiations will be key for the Bank of Japan to sustain growth.
So Sin Ting, Chief Client Officer at Endowus shared how women can take greater control over their finances and grow their retirement nest egg with CPF. Compared to men, women in Singapore are living longer but have lower CPF balances than men. Women are encouraged to start small and set up recurring CPF investments for a globally diversified portfolio of appropriate risk, such as the Endowus Flagship portfolio, to be rewarded with suitable returns.
In this commentary piece, Samuel Rhee, chairman and CIO of Endowus, discussed the importance of staying invested for the long term, especially when we cannot control the market direction. Investors are encouraged to keep it simple by setting up regular savings and investment plans regardless of market conditions. Staying invested for the long term and developing ongoing good investing habits is the only way to better prepare for volatile markets.
Singapore's budding private credit industry is helping to grow its Asia-specific offerings to attract investors in the region. However, Gregory Van, CEO of Endowus, notes that a lot of strategies are US dollar-denominated and investors here are trying to earn a return in US dollars. If the strategies were Asia-based, investors would be required to hedge currencies as well.
Following the pending closure of the CPF SA post-Budget 2024, Samuel Rhee, Chairman and CIO of Endowus advised CPF members to invest part of their CPF savings in low-cost, globally diversified, and risk-appropriate portfolios to ensure that their money continues to work hard for them. CPF members may also consider opening an SRS account, reviewing their current investable assets, and adopting appropriate risk to grow their retirement nest egg sufficiently.
Gregory Van, CEO of Endowus, shared that the firm has seen enormous growing interest in private credit and private equity distribution to a broader audience. As demand for investment liquidity rises, the launch of NAV-marked funds, or funds that are not close-ended, over the next three to five years will be a critical development for the wealth industry.
Min Axthelm, Director of Investment Research, discussed the different investment strategies one should adopt according to their life stages, goals, and risk appetite. Investors are encouraged to adopt a dollar-cost averaging strategy which allows one to grow their wealth while cultivating a regular habit of investing over the long term.
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