πAt its core the SRS is a great initiative by the Singapore government to help Singaporeans slash their immediate income tax bill while building a tax sheltered nest egg for future retirement.
If I have SGD 100,000 in SRS, leaving it in pure cash is a bad idea as it pays only 0.05%. With inflation, it is a slow motion loss of real purchasing power.
With a 10 year horizon, I would allocate my SRS funds as follows:
40% in $SS SPDR STI ETF(ES3.SI)$ as it packs the top 30 blue chips in a single low cost vehicle. Almost 60% is weighted towards the Big 3 local banks DBS, OCBC & UOB.
30% in $ISHARES AXJCLIMATE S$(ICM.SI)$ for Asia's fast growing economy. The top holdings include TSMC, Alibaba, Tencent & many more.
20% in $Lion SG Phy Gold S$(GLS.SI)$ as a safe haven asset.
10% in Singapore Savings Bonds for capital preservation and dry powder.
That way I make good use of my funds to help me achieve my goal of FIRE.
@TigerClub @TigerStars @Tiger_SG @Tiger_comments
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