I am currently also handling investments for my wifey and will be documenting this on my blog for ease of personal reference for this portfolio and also for general sharing purpose.
Current passive income generated is around +S$20K per annum from this portfolio (please also refer to my other Investment Portfolios under management which is projected to yield +S$52K per annum).
1.Endowus Income Portfolio (Distribution yield projected: 5.5% to 6.5%)
My other half is finally more comfortable with the Endowus Income Portfolio seeing that the underlying funds do indeed pay out a monthly distribution (except for one which is on a quarterly basis). Took me additional efforts to explain that total return must include the interest/dividend cash distribution on top of residual fund value. Hence her short investment stint here is actually still net profitable as she was initially upset that the Endowus Income Portfolio value was a negative.
From the last update on 28 April 2023, additional funds of S$50K were injected (hence increase from S$12K to S$62K).
2. Endowus Secured Cash and Endowus Enhanced Cash
The Endowus Cash Smart solution offers higher yields from net 3.7% to 4.9% relative to the low rates from saving accounts. But beware that these funds are NOT Capital Guaranteed albeit having a low risk profile. Have allocated around S$11k here as it is liquid and is not locked in like endowment insurance policy or fixed deposits.
For those interested, please read more here.
Parting Thoughts
Going forward, will be using more of Endowus as my other half seems to prefer the broad base diversification of stocks and bonds being invested here. Personally, I think that the overall annual management fees charges of 1%-1.8% payable to the underlying Fund Managers and also Endowus is still too high for me relative to personal investment on stock exchanges.
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