In this video, I’ll be sharing my first impression of Endowus, what portfolios do they have and how do they help you to invest, what’s their pricing and how does it compare to other RoboAdvisors. I’ll also share what I like and don’t like about Endowus. Full disclosure, even though i’ll receive a small amount if you sign up using my referral link. This review is neutral, all these are my own thoughts and opinions, and should not be treated as financial advice.
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0:00 – Intro
1:22 – Endowus background
Endowus was founded in 2017 by a team of people who have tons of experience in the finance industry.
2:21 – Endowus Investing Strategy
Endowus investing strategy is called evidence-based investing, which is just making investing decisions based on long term observation of markets and how they work.
Many roboadvisors build their portfolios with ETF, while Endowus portfolio consists of mutual funds. These funds are by funds like Dimensional and Pimco.
Researchers have found that Dimensional funds consistently outperform Vanguard funds
4:47 – Core Portfolio
In core portfolio, you can choose your portfolio composition from very aggressive to very conservative. Endowus also has a rebalancing feature so that your target asset allocation is always met. This portfolio is good for investors who want to invest over the long term and don’t have to care about the investments.
6:21 – ESG Portfolio
ESG stands for environmental, social and corporate governance. By investing in companies with good ESG, investors will be exposed to lesser market volatility, has lower risk and can achieve better financial performance. ESG portfolios have almost the same performance as core portfolio’s performance. But researchers have said that they have not found conclusive evidence that ESG portfolio can outperform normal portfolios.
Same with core portfolios, you can also choose your risk level in ESG portfolios.
7:33 – Cash Smart
For money that you need in the short term, put them in cash smart. There’s 3 risk levels here, core, enhanced and ultra.
8:31 – Fund Smart
Here, you can pick individual funds and how much allocation you want for each fund. These funds are selected based on Endowus investment criterias, so you can rest assured that these funds are all good.
9:42 – Pricing
For normal portfolios, if you invest cash, the pricing starts from 0.6%. But if you are using CPF or SRS to invest, it’s 0.4% fee. When compared among other roboadvisors, Endowus has one of the lowest fees. But that’s not the full picture, because the fund level fees for Endowus is slightly higher, as there’s a fund manager managing the funds. Because of that, there’s a possibility that these funds are able to outperform a passive ETF. So the higher fees might actually be worth it.
10:59 – Are our funds safe in Endowus?
Our assets are kept with UOB Kay Hian. So in the unlikely event that Endowus goes bankrupt, you will still be able to redeem your investments anytime.
11:20 – What I like
You are able to invest with your CPF and SRS money. As of right now, no other roboadvisors has this option.
The funds in Endowus are offered by reputable fund managers like Dimensional and PIMCO. These funds have gone through Endowus strict screening process, so you can be assured that all these funds are good.
Endowus has on of the lowest fees when compared among other roboadvisors.
12:16 – What I don’t like
Endowus has a higher age requirement at 21 years old, while other roboadvisors like Stashaway and Syfe is just 18 years old.
The minimum investment in Endowus is $1k which is a huge amount fo new investors. But the good thing is that Endowus allows you to fulfill the minimum investment by combining Cash, CPF & SRS.