Syfe Select / Custom (new)

[dappermen]

oh , wait 4 bonds' yields tht r attractive to come, since u wanna it safe
https://forums.hardwarezone.com.sg/...pdates-part-3.5575909/page-234#post-137619854If u can afford by miT - Mapletree Logistics Trust announces investment grade NC5 perpetual notes at 4% IPG
URL: https://secure.fundsupermart.com/fsm/article/view/rcms240960

 

[JetStorm]

any1 w customisations, pls Feel free to share your returns here too!!! tks!!
Stating what you added into your Pf, & when u started your journey pls

he sold away his Syfe REIT+, Core Equity100 and esp Cash+ : pointless to put too Much into such money mkt esp i think if u hve 10k abv, or 16k like some @Heriophant

(read the comments too)

Here I am! Just started. Transferring all my funds from Equity 100.

My portfolio: QQQ, LIT, XT, BLOK & XLV

20% each. Will share its performance here on end of Nov 2021.

 

[dappermen]

U decide
https://seedly.sg/opinions/is-syfe-...mNbB4pHiP9-Lee3i7ENPzuhVOSEs5GiPZ2LBup1sUrAXg


Note: Syfe actually has a very competitive FX spread of 0.09%, which is significantly lower than the likes of Tiger Brokers/retail banks.

It's not quite the spot-rate that Interactive Brokers (IBKR) offers, but on small amounts, this FX spread will cost you less than IBKR's 2 USD FX fee.

Other fees like ETF expense ratios and exchange clearing fees are also applicable, but these cannot be avoided regardless of which broker or robo-advisor you invest with.

i didtnt like IKBR - it is terrible interface!

Fee Comparison​

IBKR

It will be assumed that monthly investments are made to invest in CSPX.

The commission fee for USD-denominated securities on the LSE is 1.70 USD.

IBKR also charges an FX fee of 2 USD.

Annual Commission Fee = 1.70 * 12 = 20.40 USD

Annual FX Fee = 2 * 12 = 24 USD

Assuming an exchange rate of 1 USD = 1.35 SGD,

Total Annual Fee = (20.40 + 12)1.35 = 59.94 SGD



Syfe

Assuming an average annual investment sum of S$10k,

Annual Management Fee = 100000.65% = 65 SGD

One may argue that Syfe Select's custom portfolios allow up to 8 ETFs to be held in a single portfolio, so a similar comparison should be done for DIY investing when it comes to fees.

True enough, Syfe Select (and robo-advisors in general) poses a more cost-efficient way to invest in multiple ETFs consistently every month.

With DIY investing, increasing the number of trades made would result in higher fees.

So the best way is to....

 

[greythorne]

What’s the difference of buying VWRA thru IBKR and Syfe select?
Just got the IBKR account opened but haven’t fund it yet.
looking at VWRA thru IBKR and holding it long term without the need to rebalance. Already got Syfe Equity100, Syfe REITs+ and Syfe Cash+. Probably would cash out the Cash+ and put it in IBKR for VWRA.
Worry that there might be some overlap between Syfe Equity100 and VWRA.
Thanks.

 

[dappermen]

U decide
https://seedly.sg/opinions/is-syfe-...mNbB4pHiP9-Lee3i7ENPzuhVOSEs5GiPZ2LBup1sUrAXg


Note: Syfe actually has a very competitive FX spread of 0.09%, which is significantly lower than the likes of Tiger Brokers/retail banks.

It's not quite the spot-rate that Interactive Brokers (IBKR) offers, but on small amounts, this FX spread will cost you less than IBKR's 2 USD FX fee.

Other fees like ETF expense ratios and exchange clearing fees are also applicable, but these cannot be avoided regardless of which broker or robo-advisor you invest with.

i didtnt like IKBR - it is terribly unfriendly interface!

Fee Comparison​

IBKR

It will be assumed that monthly investments are made to invest in CSPX.

The commission fee for USD-denominated securities on the LSE is 1.70 USD.

IBKR also charges an FX fee of 2 USD.

Annual Commission Fee = 1.70 * 12 = 20.40 USD

Annual FX Fee = 2 * 12 = 24 USD

Assuming an exchange rate of 1 USD = 1.35 SGD,

Total Annual Fee = (20.40 + 12)1.35 = 59.94 SGD



Syfe

Assuming an average annual investment sum of S$10k,

Annual Management Fee = 100000.65% = 65 SGD

One may argue that Syfe Select's custom portfolios allow up to 8 ETFs to be held in a single portfolio, so a similar comparison should be done for DIY investing when it comes to fees.

True enough, Syfe Select (and robo-advisors in general) poses a more cost-efficient way to invest in multiple ETFs consistently every month.

With DIY investing, increasing the number of trades made would result in higher fees.

So the best way is to....

y wdrw Cash now??
do u need to DCA your vwra? if no u could do w IKBR then if u can adapt to it
when did u start havg Equity100, Syfe REITs+ and Syfe Cash+?

similar to your Wants: vwra is = to Equity100's

Developed and emerging markets exposure​

iShares MSCI EAFE ETF (EFA). EFA provides exposure to over 900 large- and mid-cap stocks from a broad range of companies in Europe, Australia and Asia. Top holdings include Nestle, Astrazeneca, Toyota, and LVMH.
&
iShares Core MSCI Emerging Markets ETF (IEMG).

looking at VWRA thru IBKR and holding it long term without the need to rebalance. Already got Syfe Equity100, Syfe REITs+ and Syfe Cash+. Probably would cash out the Cash+ and put it in IBKR for VWRA.
Worry that there might be some overlap between Syfe Equity100 and VWRA.

 

[JetStorm]

After funding the custom portfolio, are you guys able to amend the portfolio if you want to add/remove etfs or amend the %?

 

[dappermen]

After funding the custom portfolio, are you guys able to amend the portfolio if you want to add/remove etfs or amend the %?

edwus YES!!!!!!!!!!!!!!!!!!!!!!!!!!
I dont thk it is tough technically but but....

I didnt see the buttons in SYFE to add or amend @ all :{

 

[JetStorm]

edwus YES!!!!!!!!!!!!!!!!!!!!!!!!!!
I dont thk it is tough technically but but....

I didnt see the buttons in SYFE to add or amend @ all :{

Ya same here. Something to feedback to Syfe then.

 

[dappermen]

Ya same here. Something to feedback to Syfe then.

Emailed le but i thk PH so ...

 

[greythorne]

y wdrw Cash now??
do u need to DCA your vwra? if no u could do w IKBR then if u can adapt to it
when did u start havg Equity100, Syfe REITs+ and Syfe Cash+?

similar to your Wants: vwra is = to Equity100's

Developed and emerging markets exposure​

iShares MSCI EAFE ETF (EFA). EFA provides exposure to over 900 large- and mid-cap stocks from a broad range of companies in Europe, Australia and Asia. Top holdings include Nestle, Astrazeneca, Toyota, and LVMH.
&
iShares Core MSCI Emerging Markets ETF (IEMG).

Yup. Would one to DCA to VWRA so will be taking out Cash+. I read the link you posted. So it says that the Syfe Select has higher fees than IBKR.
Anyway can I just buy the ETF in IBKR every quarter thereby saving on those FX/commission fees? Total noob here who wants to DIY.

 

[dappermen]

yes if u r nt DCA-ing tht regularly ie 1/4ly
when did u start havg Equity100, Syfe REITs+ and Syfe Cash+?


syfe will b Lower if u r hve in all more thn 20sgd pf w them (black tier or gold or higher) or u wish to hve more thn 1 in your Pf

Syfe Tier	Blue	Black
Management fee per year	0.65%	0.5%	0.4%
Min. sum of invested / value of investment portfolios	No minimum	SGD 20k	SGD 100k
Access to wealth experts	First month only	Yes	Yes, through dedicated expert

Syfe

Private Wealth​

Management fees per year

0.35%​

Min. sum of invested / value of investment portfolios

SGD 500k​

 

[Kojo0403]

i think if you are keeping your investment style simple, stick to no more than 3-5 funds, probably IBKR is the way to go

 

[JetStorm]

I shared in the reits+ thread? on why some choose robos vs brokers as well. In summary it was your time vs fees paid.

 

[dappermen]

yes pay abit MORE 4 qlty time is better!!!!!!!!!

i fainted w using IKBR , but i m ok w Moomoo : all in 1 app so Friendly just like a Robo

i m quite IT savvy too...

 

[dappermen]

Ya same here. Something to feedback to Syfe then.

they replied Cannot!

 

[Shutterbox]

yes pay abit MORE 4 qlty time is better!!!!!!!!!

i fainted w using IKBR , but i m ok w Moomoo : all in 1 app so Friendly just like a Robo

i m quite IT savvy too...

so compare syfe n moomoo, do both platforms give good ETF returns ?

 

[dappermen]

both platforms give good ETF returns

both shd b the same, they dont affect the performce of ETF

it dpends on whether u wanna throw it All to a robo to handle it All...

 

[Shutterbox]

both shd b the same, they dont affect the performce of ETF

it dpends on whether u wanna throw it All to a robo to handle it All...

so the moomoo-robo vs syfe-robo, which one has a better algo/calculation for overall better returns?

 

[dappermen]

moomoo-robo

moomoo is nt a robo...it is a broker
https://forums.hardwarezone.com.sg/...-free-money-free-1-aapl-share.6463061/page-32
if we r comparing a ROBO with the same apple to Apple ETFs, the ans is the Same ret.

 

[Shutterbox]

moomoo is nt a robo...it is a broker
https://forums.hardwarezone.com.sg/...-free-money-free-1-aapl-share.6463061/page-32
if we r comparing a ROBO with the same apple to Apple ETFs, the ans is the Same ret.

so if i will let robo handle ETFs, which platform is recommended?
or, all will return the same, assuming i instruct them to buy the same ETFs

then next qn is, does all platform have access to the same ETFs, or some platform will have wider portfolio access?