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Endowus – June 2020
By KPO and CZM  •  July 22, 2020
Endowus statement always comes out pretty late around mid/late-mid month and this month seems to be much later. Anyway, I have reached out previously to ask and this was their response if you are wondering the same. Junxu Lye, Endowus Chief Product Officer We try to generate monthly statements as soon as we can, and right now it hovers around the 10th to 14th. The reason for this "delay" is because for some of our funds, the dividend payout date is on the last day of the month. Because we reinvest those dividends, our broker has to receive those dividends, put in a buy order, confirm the buy order, and then let us know the final confirmed units. Only after which we can then distribute it back to our clients. If we were to print the monthly statement without those, then we would have to re-print or send out an addendum, which...
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By KPO and CZM
I am Ong and my fiancee (Chan Zui Mao a.k.a CMZ) calls me a Kiam Pok (i.e. stingy/thrifty depending on how you look at it). Hence, the nickname KPO (Kiam Pok Ong). We have decided to name the blog KPO because I have proposed to CMZ successfully and she is officially a KPO too. The purpose of the blog is to list down all the money-saving tips, our investment/journey to financial freedom and to document my life with CZM.
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