Family Portfolio Management Update-25 August 2023

I am currently handling the above investments for my family members in accordance to their low risk tolerance and will be documenting this on my blog for ease of personal reference for this particular portfolio and also for general sharing purpose. 

Current passive income generated from this particular portfolio is around +S$21K per annum from this portfolio (please also refer to my other Investment Portfolios under management which is projected to yield +S$53K per annum). 

Quick Highlights Over Last 2 Months

1. There were additional S$30K being injected into the Endowus Income Portfolio. This is a product with 80% invested into bond funds and another 20% in equity funds that seeks to payout 5.5% to 6.5% of distribution per annum. So far, my wife has been rather impressed with the Endowus Income Portfolio and is comfortable in it. Payout frequency from the many funds is on a monthly basis. In theory, Endowus has asserted that the capital should increase over time amidst the monthly payout.

2.  Other overseas assets continued to underperform miserably and only generate 0.8% of passive income per annum. 

3. The UOB savings account continues to generate an attractive 5% interest income per annum.

Will be further building up the Endowus Income Portfolio over the next few months. 

Family Portfolio Management Update-27 June 2023

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. 

Family Portfolio Management Update-28 April 2023

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. My "second half" has a very low risk appetite, it took me many years to finally convince her to put down more of her excess cash on hand into equities besides the usual fixed deposits and Singapore Saving Bonds. Recently, I managed to get her to also sign up for the Robo-Adviser platform- Endowus. I will elaborate more on the rationale later. Current passive income generated is around +S$17K per annum from this portfolio (please also refer to my other Investment Portfolios under management which is projected to yield +S$52K per annum). 

Use of Endowus Robo-Advisor 

Investments into only SGX stocks or local treasury do over-concentrate geographical risk into only Singapore market. This is a major risk to possible disruption of all the passive income for future retirement. Kyith's previous post ("9 Strong Points to Why I Say, the Dividend Income Retirement Mindset is Not a Good Retirement Risk Management Model") has been a good wake up call to some of my blind sides on volatility and also oversimplification of retirement income. 

Endowus has an Income Portfolio that offers immediate diversification into global equities and global bonds. In addition, this particular Endowus Income Portfolio is supposed to be capital accumulating in its investment philosophy unlike some funds which pays income out of capital and will gradually deplete itself- see screenshot below.

Extract from Endowus Income Portfolios

Parting thoughts

Going forward, will be using more of Endowus as an alternative to gain exposure into global equities and bonds for all my portfolios.