Endowus Cash Smart Review After 1 Year of Using it
Credit: Tezos
Previously, I shared about Endowus vs Syfe. In this post, I will focus on Endowus’ Cash Smart. Cash Smart is a cash management portfolio which is similar to a bank account, but it comes with a better return. However, it is still an investment plan. You can still make a loss.
DISCLAIMER
This post is not a sponsored review. I am not a financial advisor. The information on this post does not constitute financial advice.
I strongly advise that you read up on investment and the platform before you start to invest. Please do not make any decision solely on this blog post. It is always better to get a second opinion and maybe seek professional advice.
I started to invest in Cash Smart simply because I am curious if it’s worth putting funds in Cash Smart Ultra. I invested in the Enhanced and Ultra plans at the end of April 2021. I invested $100 in each pocket. I purposely invested $100 so that it’s easier for me to observe the result. It has been more than a year. Here is the result:
1. Cash Smart - Enhanced Plan Result
At its peak (14 Sep 2021), the portfolio went up to an estimate of $101. The investment value was $99.51 on 28 April 2022. I barely made a loss.
2. Cash Smart - Ultra Plan Result
At its peak (15 Sep 2021), the portfolio went up to an estimate of $101. The investment value was $97.49 on 28 April 2022.
3. Thoughts about Cash Smart Plans
From my point of view, I think it’s better to invest in the Enhance plan. From my experience, when the market booms in September 2021, I earned an estimated 1% for each pocket. Both my investments were not performing well recently. Ultra made more loss than Enhance. Therefore, I think it is better to invest in Enhance. Why invest in one that earns the same amount of profit yet volatile?
Now that the curiosity has killed the cat. I would be withdrawing my funds despite the loss. You may think it is better to put on hold and not cash out. Now, hear me out!
I had completed my “experiment”. I want my money to work harder! It is wiser for me to transfer the funds from Cash Smart to other investment portfolios that may bring higher returns. Right now, I can still bear with the risk.
4. Should you invest in Cash Smart?
It is a great place to keep your savings for a short-term goal. It has better interest rates than most banks, but Cash Smart is an investment plan. There is no guarantee of returns. It very much depends on your time horizon and risk appetite. With a longer time horizon, this gives you enough time to compensate for any days that you have a poorer return. If you are a beginner and have a small risk appetite, you can consider investing in Cash Smart too.
Always figure out an investment strategy that works for you! If you need advice, speak to a professional!
x, Esther
REFERRALS
When you invest with Endowus using the following link, you get $20 in Access Fee credit.
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