Making Money While You Sleep With Syfe (Robo Advisor)
By Marcus Seetoh - February 21, 2021
I will be covering the 2nd Robo-Advisor that I am using current which is Syfe.
If you have not read my previous blog article on Stashaway, click here to find out more. 😊
4. Pros
8. Referral Code:
If you have not signed up yet, can use my referral code 😆
1. In summary
- A hands-off approach to invest passively with someone in the company (an advisor) purchasing and auto-balancing your portfolio on your behalf. All you need is to top up money and set your goals & parameters to begin.
2. Competitive Advantage
- Similar to Stashaway, each Robo-Advisor advocates their own strategy in managing your funds. Syfe uses the Automated Risk-Managed (ARI) investment strategy to provide you with the maximum possible returns and minimum possible loss. To find out more click here.
- In simple terms, its an all weather investment framework to diversify your investments into clusters of stocks, bonds, commodity, real estates, gold etc.
3. How was it so far?
- I have been using Syfe since May 2020.
- The returns are good for me but I have lost money using this application if you deposit too little money inside eg. <$500 SGD.
- If you do investing for at least 6 months or 1 year, you will notice that majority of the good stocks, bonds investment products do not come cheap. 1 unit of an asset can cost a few hundred dollars at the minimum.
- If you deposit small amounts like 100 SGD or 300 SGD, Syfe will perform fractional investing for you, meaning you buy a portion of a single unit of an asset. As the amount you own is so little, it will take a super long time before you can start to see growth and gains with that small amount of asset.
- Syfe have 4 different portfolios which I have already tried them all. Mainly the 'Global ARI', 'REIT+', 'Equity 100' and 'Cash+'.
- From my experience, its not about the number of investment preferences and variety that they let you choose. Is whether do you have the money or not to do this. If you have the money, then all 4 portfolios will work well actually.
Syfe Global ARI Portfolio
- Provide diversifications to multiple stocks, bonds, gold etc asset classes. Your amount of money is split by % into the different asset classes. There could be 20+ different assets that they will use for this.
- Thus, do not use this portfolio if the amount you want to deposit is less than 1000 SGD in value.
- Imagine putting in 500 SGD and this amount is divided and split into the 20+ different asset class with some asset classes only containing 50 SGD which is just fractional investing. You stop for a moment and think whether is this the best way to invest in your opinion if you think about it? The answer is of course no! 😑
- Yes, there is no right or wrong in how much you are depositing. When I first started using this portfolio, I DCA 50 SGD monthly and my portfolio performance was just horrendous. The growth was slow, it remained negative for a few months before I started to see some positive returns.
- As it invest in 20+ different assets, its considered a less risky product and of course the returns will be lower.
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| My ARI Global Portfolio before I exited |
Syfe REIT+ Portfolio
- What Syfe did in this portfolio is to handpick and purchase all the better quality Real Estate Investment Trusts (REITS) in the Singapore market and put them all into a basket of stocks to create an ETF which is called REIT+.
- This REIT+ is suppose to follow as close as possible to the performance of an actual ETF in the Singapore stock market called the SGX's iEdge S-Reits.
- Again, please do not use this portfolio if the amount you want to deposit is less than 1000 SGD in value as this will result in fractional investing.
- Yes, there is no right or wrong in the amount you want to deposit. But taking one example to show you and let you understand what is happening. Acendas REITs stock is priced at 3.05 SGD per unit as of 19th Feb 2021. In Singapore, minimum lot purchase is 100 units of stocks. Meaning if you want to just buy one lot of Acendas REITs, you have to pay 100units * 3.05 SGD = 305 SGD
- REITs are dividend stocks and not growth stocks in nature so their prices will not appreciate and will remain constant for many years. How we earn money from holding REITs is mainly from their dividend payouts.
- Imagine putting in 500 SGD into this REIT+ portfolio and they for example (just a sample to show illustration) purchase 0.5 units of Acendas stocks on your behalf. Can you tell me how much dividend payout can you receive from just holding 0.5 units of Acendas stocks? 😂😂😂
- Acendas year 2020 dividend payout is about 5.42% per annum or equivalent to 0.165 SGD per stock unit (Dividends.sg), by holding a 0.5 units of Acendas, you will at most be receiving 0.165 SGD / unit *0.5units = 16.5 SGD of dividends for the year holding this.
- Do you think earning 16.5 SGD per year is a good return? You might be better off here than putting your money in your usual savings account in the bank but obviously the returns are not fantastic to be honest hahahah.
- REITS stock works best when you are holding a substantial amount of shares of these companies so that when there is a dividend payout, you will receive more money in direct proportion to the amount of shares you owned. Those that invested in REITs for some time will understand where I am coming from hahahaha.
- Remember, you do not earn money from their share prices as it will remain stagnate for many years.
- That's the reason I decided not to continue using this portfolio as you require to deposit alot of money minimum 3k to 5k in order to justify a small return.
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| My REITs portfolio before I exited |
Syfe Equity 100 Porfolio
- By far the best porfolio that Syfe has in my opinion. Its much better than the Global ARI as it focuses mainly on equities only and there are no bonds and gold etc so the returns are much higher, same goes to the risk hahahaha.
- Its a 100% pure equity portfolio so it does diversification across various equities such as ETF and Funds etc.
- As it invest mainly in the US market, there is the SGD to USD currency conversion risk to take note of. Best to invest directly using USD to mitigate this risk. However Syfe only allows you to deposit USD if the minimum amount is 10K USD.
- As I deposit less than that amount, I have to use SGD and incur the currency conversion risk instead. 😐 Current its eating up about 20% of my total profits in this portfolio shugs!!! 😡
- I see this portfolio as the highest potential with the highest returns so I am going all in for this portfolio compared to the other two that I have mentioned above.
Syfe Cash+ Portfolio
- This is the newer kid on the block for Syfe (the next one is the newest 😂) and their returns are one of the highest for Cash Management accounts at 1.75% per annum. Yay means more money coming in haha 😁
- It does not incur any management fee means zero fees for earning free money in a sense!
- Just put your money in and go to sleep.
- This one its ok to put in a small amount as the returns is fixed at 1.75% per annum. So whatever amount you put into this, you will just earn a fixed proportion from it. Its that simple hahahaha. 😂
Syfe 3 Core Portfolio
- This is the newest feature that Syfe just launched last month.
- It consists of three sub-group to choose as shown in the image.
- It differentiates itself from its existing portfolios as this will instead invest in stocks in the China stock market, invest in Gold and also in Bonds as to balance the entire structure. This will provide some steel and stability besides just going into the US market and this will perform as an all rounded portfolio from what I perceived.
- Each core portfolio will have different weights and proportion distributed across the stocks in US, China, Gold and Bonds allocation etc just like a 'Modern Portfolio Theory' methodology.
- Currently I am not going to diversify and invest into this Core Portfolio has I am still focusing on my Equity100 portfolio. Its not a big deal to give this a miss for now haha.
- Same Pros as Stashaway
- Can start investing as low as 50 SGD (*that's how I first started haha. But of course there are cons for doing this too).
- Returns higher than your bank savings account (0.05% P.A.) or Singapore Savings Bonds
- Both desktop and mobile version. Mobile user interface is awesome!
- Top up via Paynow, so convenient!
- For those with limited investing knowledge and just starting out (One of the best place to start learning how investing works)
- Portfolio has auto-rebalancing logic which will be taken care by the advisor
- All you need to do is to top up money inside and let the magic happens hahahah 😀
5. Cons
- Returns is slower and lower compared to individual growth stock purchase.
- Pay monthly management fee (nothing is free and they help to balance your portfolio😁)
- Funds invested are park in a custodian account which is not under your ownership and no security of money. So regardless of what the company says, exercise due diligence in the total amount you choose to put in here.
6. My Projects
1st: Stopped using Global ARI Portfolio (not the best)
2nd: Stopped using REIT+ Portfolio (only will go back and use once I have spare cash)
3rd: 100% Equity (using now)
4th: Cash+ (using now, going to stop as I have plans to use the amount for other investments)
5th: 3 Core Portfolio (not interested to diversify my resources and use this at the moment)
7. User Experience
Top up: ★★★★★
Sign up: ★★★★★
Easy of use, UI: ★★★★★
Effort to manage: ★✰✰✰✰
Fees: ★✰✰✰✰
Control of portfolio: ★✰✰✰✰
8. Referral Code:
If you have not signed up yet, can use my referral code 😆
Your first deposit into a portfolio (except for Cash+ portfolio) for $10,000 or less is $10 bonus
My referral code "SRPRT54VP".
Regardless of my project performances, please always do your homework and know what are the likely risks, whether you are comfortable to incur before topping up cash to invest. 😀
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