Gametaku
Master Member
- Joined
- Sep 24, 2013
- Messages
- 4,298
- Reaction score
- 6
Syfe REIT+ just sold the REITS and bought more Bond yesterday.
Kind of Buy high sell low, don't feel very good about their approach.
Yes. Really risky investing with Syfe during volatile time.They did the same thing to 3 of my global portfolio regardless of risk %. They like to time the market and purchase bonds at a super high price and sell equities when its value is at the very bottom. Take yesterday for example, they should have purchased more equities at market opening or not touch our equities composition at all. Instead of doing that, they sold equities and purchase more bonds. Equities were sold at rock bottom price and more bond was purchased. If they did not touch my equities composition, those portion would have made 5-6% gain yesterday. This is not the first bad "optimization" made to my portfolios. I think at least 3 bad optimization were made for these past few days.