 With the rising cost of living and ever increasing of the interest rate, if you have been investing in the stock market for the past two years, you may be sad to see most of your profits have gone to the drain, or worse, turned into losses. But please do not give up on investing. It's the exact time like this that reminds us, investing is never about getting rich quick, but about getting wealthy permanently. And in order for us to build a permanent wealth creation portfolio for our retirement, we must first adopt a long-term investing horizon. The definition of long-term here, I'm talking about 15 years or even 20 years. If you are trying to get rich quick in the next one to two years, then this video is not for you. But if you're serious about building a lasting retirement portfolio that is close to half a million dollars for yourself, then keep on watching. Welcome back to my channel, the all-in-one place for you to learn about stock, investing, as well as options. If it's the first time of you coming to my channel, remember to hit the like as well as the subscribe button. In return, I will show you a cute cat being hit by a ping-pong ball. In this video, I'm going to review to you exactly what am I doing every single month to prepare myself for a half a million dollar retirement portfolio. Do note that whatever things that I'm sharing here is not an investment advice, you should totally do your own homework before making any form of investment decision. This is also not a sponsored video, I'm just sharing what I am doing to build up my retirement portfolio. And if you have better ideas of how you can build up your retirement portfolio, feel free to share it in the comment below so that we can all learn together. In fact, the advice I'm going to give it to you is not from myself, it's from the greatest investor on earth, Warren Buffett. In Buffett's 2013 letter to Berkshire Hathaway shareholder, he pointed out that in aggregate, American business has done wonderfully over time and will continue to do so. And that's why to non-professional investors out there, he's advised as to invest in low-cost S&P 500 index fund. How serious is Mr. Buffett regarding this? He even put in similar instruction in his will that he will invest 90% of his wealth in S&P 500 after he passes on. That's the amount of conviction that he has. But if you are thinking, what if the market continues to drop after you buy? Maybe I should wait a little bit longer before investing. Well, Warren Buffett has another advice for you. He said, The entity told to this kind of mistiming is for an investor to accumulate shares over a long time and never to sell when the news is bad and the stocks are well off from their highs. In other words, don't try to time the market. Buffett's recommendation will probably be start investing in the S&P 500 right now and continue to do so on a regular basis. In the long run, your wealth will compound. If you look at the S&P 500 performance for the past 10 years, it has gone up more than 200%. That means your annualized return would be about 10% per year. And based on the past record, if you continue to invest in an index fund for the long run, you are likely to build a very, very solid in retirement portfolio for yourself. So the question is, what does it have to do with SRS investing? If you are Singaporean or a foreigner working in Singapore, you have this additional advantage of tax saving when you fund your SRS account. And then you can use your SRS to invest in a low-cost index fund like S&P 500. But before that, what is SRS? It stands for Supplementary Retirement Scheme, a voluntary program to encourage both Singaporeans as well as foreigners working in Singapore to save up for their retirement. And in return, you will enjoy additional tax savings. How? If you have an annual income of $100,000 by contributing a maximum of $15,300 into your SRS account, you will get to enjoy more than $1,400 in terms of tax savings. That's over 30% of your original tax savings. And if you have an even higher income, you will get to enjoy an even higher tax savings of $2,300 to $3,300 per year. And if you continuously contribute your SRS in the next 10 years, 20 years, you could save up to $60,000 over $1,000 just on the taxes itself. This will be the money that you pay to the government anyway. Why not save it by topping up your SRS account? Remember, in order to enjoy tax savings, you need to top up your SRS account by end of this year. Make sure you do so right now so that you can enjoy a hands-on tax saving. So what should I do next after I top up my account? You must invest it. If not, the money will only generate a bigger 0.05% return. And that's why you want to use your money to invest in a low-cost index fund just like what Warren Buffett proposed. Now imagine from now on, every single year, you contribute the maximum, which is $15,300 into your SRS account, and you continue to do so for the next 15 years. And by investing in the index, in general, it will give you 10% return per year, but let's be more conservative here, which is giving us a 7% return every single year. Let's see how much money will we have for our retirement. The answer is a whopping $400,000. Why do we want to end for this number? I will explain to you later on. So the question is, how to invest our SRS? For myself, I use EndowUs, a low-cost platform licensed by MAS. The reason why I'm choosing EndowUs is because first see is user-friendly and most importantly, it allows me to have exclusive access to certain low-cost funds that replicate the S&P 500. Now, let me show you how you can do it too. This is my own EndowUs account, and when I log in, you can see that I right now have about $21,000 invested through SRS, and my game is about $1,200. It's not a lot because I only started investing about two years ago. Despite of the market volatility, I still have around $1,000 profits, which is pretty good. So how do I invest in S&P 500 through EndowUs? Actually, there are several ways. Actually, previously, I have been using this fund called Lion Global Infinity US 500, which actually tracks the S&P 500 performance. But recently, I discovered another better way to do so, which drastically lower my fees, which is what now I'm going to show you, a Monday-Pri-USA fund. We can see that the expense ratio of a Monday is 0.05% versus 0.61% by Lion Global Infinity 500. And those funds actually have very similar performance. Now, let me show you. As you can see, the S&P 500 index is the yellow line. And then the Infinity 500, which is the previously what I invested in, is the red line. Followed by the Amanda, which I'm sharing with you right now, is the blue line. And you can see that there is a strong correlation between all three of them. And in terms of the exact correlation, you can find it from this chart. And you can see that for a Monday, in terms of the correlation to S&P 500 index, it's 0.978. So that means the differences is so little. Of course, in terms of the Lion Global Infinity, the tracking is even closer. It's 0.999. But for myself, I wouldn't mind having that little bit of differences if the fees is actually quite a lot different. And if you're wondering what is a Monday, it's actually an asset management company from France. And most importantly, it's actually the largest asset manager in Europe and one of the 10 biggest investment managers in the world as well. So it's definitely a very credible company for me to put my retirement funds with them as well. And in order to invest your SIS with them, the only way right now is actually to endow us because they actually launch an exclusive series. That is why I can only find a Monday, true endow us. So all you need to do is to press Add Go here and then after that, select your own funds and then create a Go. So what I'm going to do right now, I'm just going to put the fun name, a Monday Prime USA, and using my SRS to invest. And for the restaurant level, I'm just going to drag it to meet and above. So what we want to do right now is to search for Prime USA here, right? And you can see a Monday Prime USA Fund is here and you just have to click Add. And you can see that the expense ratio is only 0.05% and continue. Now, what we need to do is to make sure it's a 100% allocation, all right? Because you just want to make sure all your funds is invested in the US Injects Light Fund. And next, it's our initial investment. We put it to be $1,000 because for myself, I want to invest $1,000 every single month. And then after that, every single month, we currently another $1,000. And I can put it to be invest now. And after that, I press Confirm and immediately it will share with me my annualized return based on past performance. It's about 9.49%. And where does this 0.35% come from? Remember just now, the Fund BSL is about 0.05%. But about us, they also charge a 0.3% fees. This 0.3% is way lower as compared to the unit trust that you can find in the market to invest your SRS amount. And right now, if you sign up and dollars to my link below, you will even get a $20 free credit to pay off your endowment fees. So all you need to do next is to scroll all the way to the bottom. And you can see the top holdings here as well, which has very great companies like Apple, Microsoft, Amazon, Tesla, all the Google, Berkshire, Hathaway, Warren Buffett's company as well. And in terms of a sector, they have technology, healthcare, financials as well. So it's a very balanced portfolio that replicates the S&P 500 index. What you're going to do next is to click on confirm. And after completing the two-step verification, tada, your investment is done. You will get a confirmation in about four to five working days. So this is how you can use endowers to set up your SRS investment. If you want to know exactly the step-by-step to set up your SRS account and link it to endowers, do check out the video right here, which I actually explained previously step-by-step. What sounds awesome, but when can I withdraw from my SRS account? You can choose to withdraw from your SRS anytime, but there will be a penalty of 5% if you withdraw before the official retirement age set by the government. From 2002 to the official retirement age will increase to 63 years old. So you should only invest the money that you're not going to touch before you turn 63. And after that, that's when the magic happens. In Singapore, we are not required to pay tax for the first $20,000 of income. And as only 50% of our SRS withdrawal will be considered chargeable income, we can withdraw up to $40,000 every single year after we retire without paying any income tax. So your 400K retirement portfolio split it into 10 years and every year you get to have a $40,000 income for your retirement. And that is why we are aiming for a 400K portfolio. Anything above that, you may have to pay certain taxes for your withdrawal, but it's still a good problem to have. I hope you enjoyed today's sharing and find this video useful. If you do, give it a thumbs up and share to your friends and family so that you can also inspire them to start their retirement portfolio building. Apart from SRS, I also invest in options to accelerate my portfolio growth. And the power of option lies in, regardless of the market condition, there are ways to generate income and to protect your portfolio at the same time. If you want to learn more, do join us in our upcoming free two-hour next-level options masterclass and you will learn three powerful option strategies to get started. All you have to do is to click on the link below and register for your free spot. Also remember to follow my telegram channel for more investment updates. With that, I will see you in the next video. Arigato!