Hello guys, Welcome to Africa's Largest Video Search Engine, and you are watching I Found the CHEAPEST Way to Invest CPF OA. and this video is uploaded by Chris @HoneyMoneySG at 2023-01-16T04:00:03-08:00. We are just promoting this video only for entertainment and educational purpose only. I hop you like our Video Search Engine. [3JQjKkK1z8o]
| Name | I Found the CHEAPEST Way to Invest CPF OA |
| Video Uploader | Video From Chris @HoneyMoneySG |
| Upload Date | This Video Uploaded At 16-01-2023 12:00:03 |
| Video Discription | Sponsor: ๐ POEMS Cash Plus with CFD: https://hmsg.link/poems Sign up for a CFD account with Phillip CFD and get a free PlayMade drink, up to S$88 CFD trade rebate + a chance to win a 3D2N staycation at ONEยฐ15 Marina Sentosa Cove when you fund/trade with them! ๐ฆ MoneyOwl RoboAdvisor Code: 8JPW-62FZ (FREE $20) https://hmsg.link/moneyowl ๐ค Endowus RoboAdvisor (FREE $20) https://hmsg.link/endowus STOCK BROKERS & INVESTING ๐ Webull Singapore (USD 150 Trading Voucher) https://hmsg.link/sgwebull ๐ฎ moomoo SG (Free Stock) https://hmsg.link/sgmoomoo ๐ฏ Tiger Brokers SG Code HONEYMONEY (Free stock): https://hmsg.link/sgtiger ๐ฌ uSMART Securities Code nn8gx7 (Free Stock) https://hmsg.link/sgusmart ๐ Interactive Brokers: https://hmsg.link/ibkr ๐ Seeking Alpha Premium $119 ONLY https://hmsg.link/seekingalpha ๐ฏ Tiger Brokers International Code HMONEYSG: https://hmsg.link/ustiger ๐ฎ moomoo US by Futu Inc (Free Stocks) https://hmsg.link/usmoomoo CREDIT CARDS & PAYMENT APPS ๐ณ Credit Cards Affiliate Links (Singsaver gifts) https://t.me/sgpromocode ๐จ Dash PET 1.5% interest CODE DASH-RXQ45 https://hmsg.link/dash ๐ Revolut SG https://hmsg.link/revolut โฏ๏ธ YouTrip ($5 Bonus) https://hmsg.link/youtrip ๐ฐ iPayMy https://hmsg.link/ipaymy ๐ณ CardUp Use WAIKITC316 to get S$30 off the CardUp fee for first payment https://app.cardup.co/users/sign_up โ๏ธ SIA Kris+ App Code: C647172 https://hmsg.link/krisplus ๐ป Favepay https://hmsg.link/fave ๐ ฑ๏ธ BigPay $10 referral code KJN6MN5GS0 at http://bigpay.link/referrals ๐ด Instarem Amaze https://hmsg.link/amaze ๐Trust Bank Code: HUQPC614 https://www.trustbank.sg ๐ชบ Nestia $0.50 off SG-QR https://hmsg.link/nestia ๐ NTUC Union https://hmsg.link/ntucunion E-COMMERCE & SHOPPING ๐ Lazada https://hmsg.link/lazada ๐ Qoo10 https://hmsg.link/Qoo10 ๐ Shopback $5 https://hmsg.link/shopback ๐ Shopback Pay Later $11 OFF https://hmsg.link/SBpaylater โญ๏ธ CapitaStar App $5 https://hmsg.link/capitastar ๐ฌ Lendlease Plus $5 referral code NsHQKY ๐ Marina Square $5 referral code EoQjdG ROBO-ADVISORS โฃ๏ธ Syfe Trade & Wealth: Use code HONEYMONEY @ https://www.syfe.com/ CRYPTO โ๏ธ Gemini (Free $10) https://hmsg.link/gemini ๐ Ledger Crypto Hardware Wallet https://hmsg.link/ledger TRAVEL INSURANCE โ๏ธ MSIG Travel Insurance https://hmsg.link/msigtravel โ๏ธ Allianz Travel Insurance https://hmsg.link/allianztravel โ๏ธ Starr Travel Insurance https://hmsg.link/starrtravel โ๏ธ TIQ Travel Insurance https://hmsg.link/tiqtravel PROFESSIONAL FINANCIAL PLANNING: ๐ค DareToFinance https://hmsg.link/daretofinance If you sign up for any of these services using my link, I will earn a small commission which helps support my channel at NO additional cost to you. And you will definitely get some referral benefits as listed here! Disclaimer: Information provided in the video are not meant to be taken as professional financial advice and are strictly for entertainment purposes only. The content shared is based on the creatorโs personal experience and results may vary from each individualโs personal finance situation i.e. DYOR ๐ญ Telegram Group: https://t.me/HoneyMoneySG ๐ท Instagram @HoneyMoneySG https://www.instagram.com/honeymoneysg ๐ง Email (Business only): sghoneymoney@gmail.com โ๏ธ Buy me a Ko-fi: https://Ko-fi.com/honeymoneysg ๐ต Patreon: https://www.patreon.com/honeymoneysg _________________________________________________ CPF-OA investing Basics - Min $20,000 CPF OA, funds above then can invest - CPF-IS Account with UOB Kayhian cheapest - $2.16 per CPF trade, $2.16 per quarter for platform fees POEMS Cash Plus - 0.08%, no minimum commission - Need to add in the standard SGX fees + GST, totalling up to around 0.15% - E.g. Lump Sum Buy 3000 units of STI ETF on 1 Jan 3000 * 3.33 = $9990 Fees = 0.15% * 9990 = $15 CPF Investing Fees = $2.16 Total Deduction from CPF OA = 9990+15+2.16 = $10007 Quarterly CPF fees of $2.16 Total Fees for the year = 15+2.16+(2.16*4) = $25.80 Endowus - 100% into LionGlobal Infinity US 500 Unit trust tracking the S&P500 Index - Expense ratio after cashback = 0.34% p.a. Access fee = 0.3% p.a. Total Fees = 0.64% p.a. - Lump Sum $10,000 in 1 Jan, Access fees at 31 Dec = 0.3% * 10000 = $30 MoneyOwl - Invested in their 100% Equity Portfolio since Apr 2022 because of zero advisory fee promo in 2022 - Expense ratio for Equity portfolio = 0.42% p.a. - Started charging 0.4% p.a. advisory fees from 2023 - Total Fees = 0.82% p.a. - Same product offered in Endowus: Lionglobal infinity global stock index fund SGD Class C (MSCI World Index) at 0.34% p.a. TER and 0.3% p.a. Total = 0.64% - Future plans to withdraw & transfer? #Sponsoredby #PhillipCFD [3JQjKkK1z8o] |
| Category | Education |
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