Again in 2021, I opened my SRS account to lock-in my withdrawal age at 62 and as one other avenue to scale back my revenue tax. Blogged about it beneath:
2022 SRS Sport Plan through Endowus
Now that it is 2022, I wanted to start out my SRS buy once more. This time, I will likely be pumping within the max of $15,300 money to squeeze the max revenue tax aid.
I had initially thought to delay this pump until later this yr, as I needed my money to generate increased returns first, after which channel it to SRS.
Nonetheless, I made a decision to be extra robotic about my SRS funding and DCA in. Which means that I’ll
Purchase SRS at 5 completely different tranches, at $3060 every
For the previous weeks, the inventory and crypto market has been dipping whereas awaiting the precise plan from the US Fed. Simply final evening, US Fed has launched their newest plan; considerably aligned with their earlier plans and public’s expectations. Whereas there is no shock price hike, Fed introduced that there will likely be additional dialogue and potential rates of interest hike in March, seemingly kicking the can down the street.
Based mostly on the information, it’s unlikely for us to see nice returns like in 2020/2021 inventory/crypto market.
2022 could also be an uneventful yr for merchants on account of sideway market.
As a newbie investor, I do not suppose I ought to time the market an excessive amount of. I can not predict what’s to come back therefore, I’ve determined to only enter my SRS trades 5 occasions throughout this yr.
I’ve simply entered my first tranche now and can replace when my subsequent 4 trades are.
CPF OA funding
Individually, I’ve additionally began dipping into my CPF OA through Endowus to purchase into Lion World Infinity US 500 Inventory Index Fund. Simply low 4 digit figures.
If you’re eager to embark on Endowus utilizing your SRS, CPF OA and even money, you could want to use my hyperlink to take pleasure in $20 in Entry Price credit score (equal to $10,000 suggested free, assuming Entry Price of 0.40%).
As at all times, pls DYODD!