Syfe Cash+ @ 1.75% p.a

[leo921]

Same sia. Mine still 100% cash,Nvr show any returns also

Funded portfolio on 06 Jan and portfolio already showing invested amount. But now still did not see any returns. Is this normal?

 

[Shutterfly]

Same sia. Mine still 100% cash,Nvr show any returns also

Did you fund it on the same day as me?

 

[leo921]

I fund $6 on 4jan n transfer in $5.99 on 5jan

Did you fund it on the same day as me?

 

[chopra]

Good spot. Either they have special arrangement or they pay out of their own pocket lol.

My guess is the latter. No reason why stashaway/endowus is not able to secure more rebates with their size.

but their reits n global expense is 0.4%. not attractive

 

[Shutterfly]

I fund $6 on 4jan n transfer in $5.99 on 5jan

Wow.. you did it even earlier and still no update.

 

[leo921]

Well just wait lor since only put in 11.99 to test. Pump in $50 to SA simple to test water n my gigantiq 1k is earning 0.05 daily. Just wait n see how

Wow.. you did it even earlier and still no update.

 

[Kojo0403]

Anyone enrolled into Grab Invest and your experience so far?

 

[Shutterfly]

Well just wait lor since only put in 11.99 to test. Pump in $50 to SA simple to test water n my gigantiq 1k is earning 0.05 daily. Just wait n see how

So SA Simple is showing up faster compared to this?

 

[leo921]

According to SA support “As mentioned, your portfolio value is updated every Tuesday to Saturday around 1.00-2.00 pm for the preceding business day. ie updates from Monday's trades are reflected on Tuesday.”
But their support team email quite fast response,I just reactivate n invest in SA yesterday so maybe this coming Monday or Tuesday then can see
Syfe maybe tonight I will drop them a email or sth if there still no updates

So SA Simple is showing up faster compared to this?

 

[s0crates]

Different discussion, but no point using their platform when you have significant capital yourself.

Also, I don't like reits hahahaha

but their reits n global expense is 0.4%. not attractive

 

[Shutterfly]

According to SA support “As mentioned, your portfolio value is updated every Tuesday to Saturday around 1.00-2.00 pm for the preceding business day. ie updates from Monday's trades are reflected on Tuesday.”
But their support team email quite fast response,I just reactivate n invest in SA yesterday so maybe this coming Monday or Tuesday then can see
Syfe maybe tonight I will drop them a email or sth if there still no updates

Thanks for sharing the information.

 

[dappermen]

but their reits n global expense is 0.4%. not attractive

Is there an even cheaper option elsewhere??

 

[dappermen]

why do u need a plain Cash account to be updated daily??????
Wkly is gd enough

Does your savings accccount that provide u interests (too) update daily?

 

[chopra]

Is there an even cheaper option elsewhere??

iwda and es3 lor

 

[cassowary18]

Is there an even cheaper option elsewhere??

For S-REITs, CLR. But might be more expensive depending on your Syfe tier.

 

[dappermen]

Nothing is Free/Cheap

iwda and es3 lor

tks for sharing iwda: ishares core msci world UCITS etf (USD) ie gd

but have u account for maintenance of account/platform (not everyone is heavy investor)for trading and the price to keep a USD account too...
Also, Forex in/out exchg for every transaction....


As for es3 : SPDR sti Etf? no tks!

Anyway gd to keep to topic on plain SYFE+ Cash account, ETF is another "level"/topic

but good that u highlight an important fact, robos are humans afterall, the pp behind the robos need to be rewarded as well in order to work hard for us!
And be it what simple/plain cash account that do not comes free too- in case some are wondering, their admin/marcom /cust service staff need to be paid well in order to provide a service too

 

[cassowary18]

tks for sharing iwda: ishares core msci world UCITS etf (USD) ie gd

but have u account for maintenance of account/platform (not everyone is heavy investor)for trading and the price to keep a USD account too...
Also, Forex in/out exchg for every transaction....


As for es3 : SPDR sti Etf? no tks!

Anyway gd to keep to topic on plain SYFE+ Cash account, ETF is another "level"/topic

but good that u highlight an important fact, robos are humans afterall, the pp behind the robos need to be rewarded as well in order to work hard for us!
And be it what simple/plain cash account that do not comes free too- in case some are wondering, their admin/marcom /cust service staff need to be paid well in order to provide a service too

Bingo.

The cash management solutions from roboadvisors (Syfe Cash+, Endowus Cash Smart, Stashaway Simple) are loss leaders for them to market their other products. That's why they can offer such thin profit margins. Once you get into their ecosystem, then you'll be more inclined to invest using their roboadvisor service, where they make the bulk of their money.

 

[dappermen]

For S-REITs, CLR. But might be more expensive depending on your Syfe tier.

indeed i m at the bottom tier of SYFE (blue)
Although Lion-Phillip S-REIT ETF (CLR.SI) exp ratio is only at 0.6%, still have to pay fees to trade and exit each time
https://sg.finance.yahoo.com/quote/CLR.SI/profile?p=CLR.SI
I m Extremely grateful with the returns of SYFE Reits+ (100%)although i get in at the beginning of Dec 2020 (i trust sg reits have much recovered in Dec), my returns as of today is close to 8% (just 1mth+) & we are not even past the mid-week of Jan
i am not into a few basis point difference....0.65% mgt fee by Syfe, just swallow it...
Will get 0.5% SYFE black membership if managed to save more to invest https://www.syfe.com/pricing

previously i shared : https://forums.hardwarezone.com.sg/131562956-post311.html

 

[dappermen]

Bingo.

The cash management solutions from roboadvisors (Syfe Cash+, Endowus Cash Smart, Stashaway Simple) are loss leaders for them to market their other products. That's why they can offer such thin profit margins. Once you get into their ecosystem, then you'll be more inclined to invest using their roboadvisor service, where they make the bulk of their money.

Indeed, i been telling many nothinng is free, although bankers are MOST greedy!!!!!
it is alot on mktg and how u sell without "hard-sell" your OVERALL pkge

but honestly if there is NO singlife 2% , i will park ALL mine into SYFE Cash+ immed esp for those who are cash-rich and ....

 

[Kojo0403]

indeed i m at the bottom tier of SYFE (blue)
Although Lion-Phillip S-REIT ETF (CLR.SI) exp ratio is only at 0.6%, still have to pay fees to trade and exit each time
https://sg.finance.yahoo.com/quote/CLR.SI/profile?p=CLR.SI
I m Extremely grateful with the returns of SYFE Reits+ (100%)although i get in at the beginning of Dec 2020 (i trust sg reits have much recovered in Dec), my returns as of today is close to 8% (just 1mth+) & we are not even past the mid-week of Jan
i am not into a few basis point difference....0.65% mgt fee by Syfe, just swallow it...
Will get 0.5% SYFE black membership if managed to save more to invest https://www.syfe.com/pricing

More considerations though.. there is a difference between Syfe REIT+ and CLR REIT ETF.

Syfe Reit+ is more of a managed portfolio account. Hence investment objective is in the hands of the fund manager. Just recently they have switched from their proprietary strategy to index tracking based on iEdge REITs index.

CLR aka Lion SREIT ETF is a MAS authorized collective investment scheme. There are a lot more restriction for a fund and it has a lot more overhead cost d’or trustee, custodian, tax administrator , listing fee, registrar etc.
And since it is in a trust format, there is a lot more regulatory requirement to meet. MAS rules on top of SGX listing rules.
If an ETF decides to change the index that it is tracking, announcement and shareholders have to be informed.

Of coz if none of these matters to you- Syfe could be a good option since it does not need you to pay brokerage fees and more suitable for monthly rsp. though fsmone allow rsp for CFA - Nikko AXJ Reit etf with 75% Singapore reits.

I always wonder if they really absorb the brokerage and execution fee or they charge it to their final execution price indicated to investors.

Assuming today someone place $10,000,000 with Syfe. SGX clearing and trading fees for REITs alone is 0.04%. if the investor place the investment for a week and withdraw, Syfe need to sell off those holdings and incur another 0.04% That’s 0.08% fee over one week.

Since that client places 10M, Syfe charges him 0.20% a year i.e. 0.003% a week.

0.08%-0.003%= 0.077% which translates to 7,000.

Does Syfe pay this out of their company expense account?