Syfe REIT+

ekardo

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Time-weighted is for the advanced user. Default view should be based on simple return.
too bad there's no option to set as basic or advance view..
 

gacl212004

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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.
If you have further queries, please feel free to contact us through Live Chat from Mondays to Fridays, 9 am to 6 pm or email us at support@syfe.com. For more information, please visit our Help Centre at https://help.syfe.com/hc/en-us.

Thank you.

Best regards,
Syfe Support Team


Hi all forum members, personally I think their calculation is wrong. According to them, the porfolio return is based on average price of all units on hold and subtract from current market value. The NAV of my portfolio should be an aggregation of all respective unit held in its most up-to-date trading price(s), not average price. If they are correct, then is it still worth to invest more units when market price flunctuate downward? The difference would then be very very negligble whenever I add fund to acquire more units. Looking forward to any comment. Thanks
 

direbmem

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Hi all forum members, personally I think their calculation is wrong. According to them, the porfolio return is based on average price of all units on hold and subtract from current market value. The NAV of my portfolio should be an aggregation of all respective unit held in its most up-to-date trading price(s), not average price. If they are correct, then is it still worth to invest more units when market price flunctuate downward? The difference would then be very very negligble whenever I add fund to acquire more units. Looking forward to any comment. Thanks
I think Syfe is correct? Are u talking Abt NAV or return? Return = NAV - average price. Not correct?
 

2474265

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thinking of buying more reit because this year was poor and i'm confident next year will finally overcome covid and recover

i already have reit+, but now there's also csop
csop is more expensive, or is there any reason why i should buy csop?

thanks
 

dappermen

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discuss ov here @slapshocked (Wat a name)
i trust u didnt start w 35k but lesser in jan'21" since u been using dca method....total invested is now at 35k ...div i ve received to date is 700++ "
On ave assuming u lump sum 4 a yr u shd knw wat is the div yield per yr by Syfe right? ans pls

Reits is abt dividends mainly the yield returns
then capital rets (Dont expect much in Short run esp 4 Sgx stks - b it blue chip or nt)

r u holding it 4 speculative or LT??

see its highest pt in Feb 2020 , how long will it take to reach such high? https://www.sgx.com/indices/products/sreitlsp#Product Information






Do u use your OA 4 invesmts? or planning to?

i dont thk ur qns r answrd too @ https://forums.hardwarezone.com.sg/threads/help-on-growing-wealth.6637235/#post-137823627 regd "benefits and disadvatanges of transfering OA to SA"

SA higher interests (higher by 1.5%) but irreversible - u sure u wanna
it cannot be used for other purposes such as education, hsing & some high risk invesmts etc
Investment products included under CPFIS
You can invest using your CPF savings from-OASa
Unit Trusts (UTs)YesYes
Higher risk UTs are not included
Investment-linked insurance products (ILPs)YesYes

Higher risk UTs are not included
AnnuitiesYesYes
Endowment policiesYesYes
Singapore Government Bonds (SGBs)YesYes
Treasury Bills (T-bills)YesYes
Exchange Traded Funds (ETFs)YesNo products currently available

Higher risk ETFs are not included
Fund Management AccountsYesNo
Fixed Deposits (FDs)No products currently available
Statutory Board BondsNo products currently available
Bonds Guaranteed by Singapore GovernmentNo products currently available
Up to 35% of investible savings (PDF, 0.1MB) can be invested in:
SharesYesNo
Property FundsYesNo
Corporate BondsYesNo
Up to 10% of investible savings (PDF, 0.1MB) can be invested in:
Gold ETFsYesNo
Other Gold products (such as Gold certificates, Gold savings accounts, Physical Gold)YesNo
 
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slapshocked

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20k lumpsum start of the year. dca monthly. divident so far 700+ and currently negative $100... as my twa is -2.4%
 

slapshocked

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so what should i do now? shd i stop.dca and reorganize my savings to diff investment instead???
 

slapshocked

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my stashaway is doing badly now due to kweb, capital around 20k + and now losing around S$1.4. my SRS that i dca weekly $100 also doing badly. i have since stopped dca into stashaway equity since august.

syfe s-reit+ also doing badly so im planning to stop dca into reit and leave my capital there abt $35k and just let it accumulate divident (considering im getting $700 a year)

im planning to invest in endowus...since endowus is the best amongst all platform...

any advice???
 

dappermen

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Too many qns


Sa if u wish, gave it all up

I gave up after close to 3yrs without loss but highly unsatisfied w it!!!!!! Not cos of returns ….

Reits is now time to dca but dont hve to b alot if u r not comfy
Now is the time!!!!!!
stashaway is doing badly now due to kweb, capital around 20k + and now losing around S$1.4. my SRS that i dca weekly $100 also doing badly. i have since stopped dca into stashaway equity since august.

syfe s-reit+ also doing badly so im planning to stop dca into reit and leave my capital there abt $35k and just let it accumulate divident (considering im getting $700 a year)
I have alrdy pm u
 
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Kojo0403

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my stashaway is doing badly now due to kweb, capital around 20k + and now losing around S$1.4. my SRS that i dca weekly $100 also doing badly. i have since stopped dca into stashaway equity since august.

syfe s-reit+ also doing badly so im planning to stop dca into reit and leave my capital there abt $35k and just let it accumulate divident (considering im getting $700 a year)

im planning to invest in endowus...since endowus is the best amongst all platform...

any advice???
it’s hard to give a call based on 1-2 yr performance.

What happens if Endowus underperform syfe and stashaway over next 3 years? then the same topic will start again and all investors flock to the other side.

The issue is when you invest into a robo advisor, you are entrusting your monies to them. There is no guarantee that their strategy or even methodology won’t change overtime. Neither there is a guarantee that they will outperform a broad base index like S&P500.

But they do need to have a strategy/ pitch and market it as one that is time proven. Again, it’s proven based on past results.

There is why passive investment has grown so fast over last decade and ETFs is now close to $10trillion globally. In fact retail investors make up 40% of ETF market in US.

End of the day it’s a zero sum game between the fund managers. you buy and i sell today, you sell and i buy tomorrow.

It is possible for a fund manager to consistently outperform the market. But it’s hard to know which one and certainly harder if your time horizon is over 30yrs.

Btw i am a client of StashAway and remain as one though they have been under performing major market indices this year. This is because I do agree with their view on inflationary market and their holdings in energy, gold, REIT etc makes sense to me. Their allocation of 20% to KWEB (though i would choose HST if possible) align to what i personally would like to allocate into china tech stocks as well.

 
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slapshocked

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it’s hard to give a call based on 1-2 yr performance.

What happens if Endowus underperform syfe and stashaway over next 3 years? then the same topic will start again and all investors flock to the other side.

The issue is when you invest into a robo advisor, you are entrusting your monies to them. There is no guarantee that their strategy or even methodology won’t change overtime. Neither there is a guarantee that they will outperform a broad base index like S&P500.

But they do need to have a strategy/ pitch and market it as one that is time proven. Again, it’s proven based on past results.

There is why passive investment has grown so fast over last decade and ETFs is now close to $10trillion globally. In fact retail investors make up 40% of ETF market in US.

End of the day it’s a zero sum game between the fund managers. you buy and i sell today, you sell and i buy tomorrow.

It is possible for a fund manager to consistently outperform the market. But it’s hard to know which one and certainly harder if your time horizon is over 30yrs.

Btw i am a client of StashAway and remain as one though they have been under performing major market indices this year. This is because I do agree with their view on inflationary market and their holdings in energy, gold, REIT etc makes sense to me. Their allocation of 20% to KWEB (though i would choose HST if possible) align to what i personally would like to allocate into china tech stocks as well.

Thank you.

Mind to share what are you strategy now?

Continue dca into stashaway despite the returns?

As i mentioned i am currenly dca my SRS weekly $100 and have stop dca in my stashaway which is left untouch about 20k capital and losing around $1.8k.

Reason is i dont want to catch a falling knife so i rebalance my investment to REITS is SYFE and Syfe Equity 100.
 

Kojo0403

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Thank you.

Mind to share what are you strategy now?

Continue dca into stashaway despite the returns?

As i mentioned i am currenly dca my SRS weekly $100 and have stop dca in my stashaway which is left untouch about 20k capital and losing around $1.8k.

Reason is i dont want to catch a falling knife so i rebalance my investment to REITS is SYFE and Syfe Equity 100.
actually my core investment are in ETFs. mixture of US (mainly for growth) and SGX ones (mainly for reits/bonds or some china).


Just allocate a few hundred to stashaway every month. As much as i am aligned with their strategy- not comfortable to have entire portfolio based on their strategy lol.
 

slapshocked

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actually my core investment are in ETFs. mixture of US (mainly for growth) and SGX ones (mainly for reits/bonds or some china).


Just allocate a few hundred to stashaway every month. As much as i am aligned with their strategy- not comfortable to have entire portfolio based on their strategy lol.
what platform do you use for etf investments?
 

Kojo0403

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Thank you.

Mind to share what are you strategy now?

Continue dca into stashaway despite the returns?

As i mentioned i am currenly dca my SRS weekly $100 and have stop dca in my stashaway which is left untouch about 20k capital and losing around $1.8k.

Reason is i dont want to catch a falling knife so i rebalance my investment to REITS is SYFE and Syfe Equity 100.
i feel that your concern is don’t know whether stashaway strategy would work over the long run. in this case you should just buy a passive index fund.
what platform do you use for etf investments?
ifast.. but been tempted to switch to moomoo.
probably will do that soon with all the freebies and low fees.

Just keep ifast for srs and cpfis investmentsx
 

s0crates

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it’s hard to give a call based on 1-2 yr performance.

What happens if Endowus underperform syfe and stashaway over next 3 years? then the same topic will start again and all investors flock to the other side.

The key difference is that

1. Endowus still largely has an index benchmarking strategy (look at their core/ESG allocation, it's mainly either small cap tilt and geographical/sector agnostic) but stashaway/syfe actively bets on sectors and geographies

2. Stashaway/ Syfe FORCES you to change allocation, while Endowus allows you to reject their proposed changed allocation. You can stick to their current passive approach if you


Also, don't forget stashaway/Syfe usage of US ETFs and fractionalisation lead to many issues

1. Dividend withholding tax inefficiency Vs ucits
2. FX conversion cost
3. Holding on to cash balance leading to smaller investment amount
4. Lower safety/security of assets as everything is held in one custodian account.

Over the long term, I see Endowus handily beating stashaway/syfe because of these efficiency, albeit small over the short term. Also helps that they have CPF so obviously they are doing something right that got indirect endorsement from government.

Seriously idk why anyone who knows abit with investing would want to use other robos lol.
 

dappermen

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3. Holding on to cash balance leading to smaller investment amount
it is not bad
endowus has to keep nagging at me to ensure there r cash in it to be deducted for mgt fees
So i rather hold
 

revhappy

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The key difference is that

1. Endowus still largely has an index benchmarking strategy (look at their core/ESG allocation, it's mainly either small cap tilt and geographical/sector agnostic) but stashaway/syfe actively bets on sectors and geographies

2. Stashaway/ Syfe FORCES you to change allocation, while Endowus allows you to reject their proposed changed allocation. You can stick to their current passive approach if you


Also, don't forget stashaway/Syfe usage of US ETFs and fractionalisation lead to many issues

1. Dividend withholding tax inefficiency Vs ucits
2. FX conversion cost
3. Holding on to cash balance leading to smaller investment amount
4. Lower safety/security of assets as everything is held in one custodian account.

Over the long term, I see Endowus handily beating stashaway/syfe because of these efficiency, albeit small over the short term. Also helps that they have CPF so obviously they are doing something right that got indirect endorsement from government.

Seriously idk why anyone who knows abit with investing would want to use other robos lol.
Regarding the CPF eligibility for Endowus, that is mainly because they are unit trusts which are SG domiciled. So the eligibility is mainly due to the instruments and not because it is Endowus. You can buy same/similar unit trusts on FSM, Dollardex or Poems and be CPF eligible.
 
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