To The Moon

1.Live Review Introduction

🔗 Unlocking Your SRS Potential

Tiger Brokers livestream hosted by Esther from Tiger Community, featuring Kenny Loh, Wealth Advisory Director and REITs specialist. To close out, Kenny showed what SRS money can actually be invested in, how it fits into a retirement income plan, and answered audience questions.

Disclaimer: The views expressed are those of the guest speaker and do not represent the official views of Tiger Brokers or its affiliates. This content is strictly for education and discussion purposes and does not constitute financial advice.

Want to see more of the livestream recap? Check it out here>>

• Live Recap 1: SRS 101 — What It Is, Who Can Use It, and Where Singapore's $23.9bn Actually Goes

• Live Recap 2: The 0.05% Problem — What Idle SRS Cash Really Costs You

• Live Recap 3: How SRS Cuts Your Tax Bill — Two Worked Examples

2.What Can SRS Buy?

SRS funds can go into SGX-listed stocks, bonds, ETFs and REITs. Kenny said unit trusts are the way to reach overseas markets. His process starts with your objective, risk profile and time horizon, and only then the product, a step he said many people skip. To invest: open an account with $DBS(D05.SI)$/POSB, $UOB(U11.SI)$ or $OCBC Bank(O39.SI)$, link it to your trading account, then select SRS when placing the trade.

3.ETFs, Bond Funds and Unit Trusts

The most-held ETFs among SRS investors (Oct 2025 data) start with the $SS SPDR STI ETF(ES3.SI)$, followed by the $SS SPDR S&P500 USD(S27.SI)$ and the $Amova STI ETF S$D(G3B.SI)$. Kenny stressed this is information, not a recommendation.

• $SS SPDR STI ETF(ES3.SI)$: 8.68% annualised since its 2002 inception, but the top three banks make up about 59% of the fund, and Kenny warned that timing and valuation matter after its recent run.

• $ABF SG BOND ETF(A35.SI)$: 2.33% since inception, mainly Singapore government bonds. Stable, but only just above food inflation.

• Global equities unit trust: 9.36% annualised since inception, roughly 69% in the US and over 8,000 holdings, a route to US tech names.

4.Dividend Stocks and S-REITs

Kenny showed Singapore dividend payers (for example $Keppel Infrastructure Trust(KPLIF)$ at 7.6% and $ComfortDelGro(C52.SI)$ at 6.7%, as of Sep 27, 2026) and S-REITs ranked by yield. In his view, S-REITs trade at an attractive discount, with a sector yield of 6.2% and price-to-NAV of about 0.77 versus roughly 0.80 at the COVID low. He cautioned that not all REITs are equal. Check gearing, interest costs, occupancy, lease expiry and interest cover, and use the REITsavvy screener to compare them.

5.The Insurance Route

For lower volatility, insurers offer options that accept SRS:

• Investment-linked policies: non-guaranteed, suit higher risk tolerance

• Endowment plans: guaranteed lump sum on maturity

• Annuity plans: lifetime regular payouts

• Retirement-focused endowments: regular payouts over a set period

Kenny gave a conservative 2–3% as a rough return range for endowments and annuities, noted that products carry lock-in periods and not all accept SRS, and said there is no apple-to-apple comparison. Define the features you need first, then compare insurers.

6.Building Retirement Income in Layers

Kenny's illustrative retirement portfolio has four layers, totalling $5,100 a month:

• Level 1: CPF Life, guaranteed ($1,600)

• Level 2: private annuities, guaranteed ($1,000)

• Level 3: dividend portfolio of REITs, stocks and bonds, non-guaranteed but inflation-hedged ($2,000)

• Level 4: alternative investments ($500)

SRS can fund Levels 2 and 3. He added that you need medical and hospitalisation cover to protect the "golden goose", the capital that generates the income.

7.Q&A Highlights

• Can SRS buy Singapore bank stocks? Yes, if SGX-listed and SRS-eligible. Check your platform for the SRS option.

• Dividends: They go back into your SRS account and can't be withdrawn before retirement age, so Kenny said SRS suits growth and dollar-cost averaging better than income needs. He also flagged dilution risk if a rights issue comes and you have no SRS cash.

• Unit trusts: No limit orders, since they're priced at the day's closing price.

• SRS and CPF: CPF Life is the first layer, and SRS builds the layers above it.

• Gold: Via a gold ETF, using dollar-cost averaging.

• US tech exposure: Through unit trusts.

Closing Takeaway

Esther's four takeaways: contribute by Dec 31 to optimise your YA2027 tax, don't let SRS sit at 0.05%, weigh the soft lock and withdrawal rules against your cash flow, and remember the opportunity cost of not contributing is real. Kenny's action list: estimate your reliefs and tax, decide your contribution, then compare solutions.

8.Risk Reminder

Investments carry risk, and funds, REITs and stocks can fall as well as rise. Figures shown are as of the dates on the slides and are not recommendations. Viewers without sufficient foundational knowledge are advised to complete education modules before initiating live positions.

9.Post-Event Resources

Follow Kenny Loh on YouTube (Kenny Loh Financial Wisdom, @KennyLohFinancialWisdom), Tothemoon ( @Kenny_Loh / @REITsavvy), or via the REITsavvy website. The full livestream replay is available on the Tiger Trade app.