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The TWS Salaryman Index

Over the years, we’ve been getting tons of DMs asking us for recommendations on where to put your money. 

Here’s the bad news: 

We can’t tell you exactly where to put your money in, because everyone has different needs, investment amounts and philosophies. 

Here’s the good news: 

1) We can go full-on nerd and come up with a comprehensive excel sheet so you can calculate what works best for you.

You can access those here and see how the exact calculations are made.

2) We can also create an archetype of ‘the average person’, which will be a ‘one-size-fits-most’ recommendation. So if you’re lazy you can just look at that. 

This is a work in progress, so we will constantly add new product classes in the future. 

Salaryman Index JULY 2022

Cash Management AccountHigher risk: Endowus Cash Smart, Ultra: 2.9%

Highest Interest Rate based on an annual deposit of $7,680. 

Endowus Cash Smart has 3 tiers of risk levels. 

 Lower risk: Syfe Cash+: 1.5% Highest Interest Rate based on an annual deposit of $7,680
Roboadvisory Rates*AutoWealthLowest Fees payable. Does not take into account performance, based on an investment amount of $11,520. 

Who the ‘average person is’ 

  • Age: 30 
  • Monthly gross salary (including employer + employee CPF contributions): $4,680
  • Monthly take-home salary: $3,200 
  • Will invest $960 and save $640 every month based on the 50/30/20 rule (50% expenses, 30% investments, 20% savings) 
 Take Home Pay50% expenses30% investments20% savings
Monthly$3,200$1,600$960$640
Annual$38,400$19,200$11,520$7,680
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