As kojo advised, if u r getting csop or the other Lion sreit, u need to have a broker (broker/platform fees apply, if any)
if u wanna get a robo and save yourself the trouble (less complicated interface) esp if u r investing 20k sgd or more and u wanna toy with other portfolio of robos… can use syfe….
This is a thread of syfe reits robo afterall
Only 20k sgd abv pfs (nt just syfe reits but inclusive of other pf) allowed u to opt to quarterly take out your dividends amassed in a disciplined manner…. And
If u wish to reinvest those dividends back into (fractional shares allowed) your reits? Then robo does it auto for u too
I started in late Jan.
Started off with a lump sum then DCA every 2 weeks
Today only at +1.5% , and this includes the dividends. Lets just say there are alot of better places to have placed your money in
Hi guys, just to seek some comments / views from you guys. Appended underneath is the reply from Syfe customer support to my questions. Key concern is the "average price" of all units on hold, which I reckon is the wrong valuation method aginst NAV or portfolio return. Thanks
Thank you for your patience.
1)From your reply I understand there is NO first-in-first-out principle applicable on units to be transact when I opt for partial withdrawal
Yes that is correct because the units are held together based on the average purchase price.
2)Based on your earlier reply, am I correct to say that the Current Market Value (or NAV) is simply NOT an aggregation of respective unit in its most up-to-date trading price(s). Instead, based on the current most up to date trading price, it is computed as average price of all units held / acquired over time
Allow me to clarify the Current Market Value is based on the most recent price of the units. The Syfe dashboard will reflect the previous day's market closing price of the units invested.
When the withdrawal request is received, it will be: Current Market Value - Average purchase price
= Returns on the investment that will be included in the withdrawal amount.
We hope this was able to provide more clarity.
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