Syfe Select / Custom (new)

[sohguanh]

yes luv it 4 frACtional shares....
FSM dont hve stk exchg of London, those i picked has that

next time u can trade stks/etfs on SYFE
https://www.syfe.com/trade/pricingGet two five free trades every month
USD 1.49 0.99 per trade thereafter

Zero platform fees

Zero withdrawal fees
&

Earn cash credits when you fund your account and make your first trade

Once you open and fund your Syfe Trade account with a minimum of S$1,000, we’ll give you a S$30 cash credit. When you execute your first trade, we’ll give you another S$30 cash credit. These cash credits will be reflected as an increase in your buying power. You may use them as an investment credit to buy any securities of your choice on Syfe Trade.
For example, if you add S$1,000 to your Syfe Trade account and receive the cash credits above, your total buying power will be reflected as S$1,060. You may then use this amount to buy your preferred security.
Terms & Conditions

• To be eligible for the fund account cash credit reward ($30), clients must deposit a minimum of SGD 1,000 into their Syfe trade account. The full amount must be deposited in one transaction in order for our system to credit the client
• ‘Cash credit’ cannot be withdrawn as cash from your Syfe Trade account. The credit is applied to your buying power and can only be used towards buying securities within the platform
  • 
    ‘Cash credit’ is not transferable to Syfe Wealth portfolios, nor can ‘cash bonus’ from Syfe Wealth be transferred into Syfe Trade
  • To be eligible for the first trade cash credit reward (S$30), clients must execute at least one buy trade. The trade can be of any value and of any securities preferred. The first trade must be completed within the first 30 days of the date of sign up.

but what if u r sgd 20K big investors (still considerd as SMAll to some Richies here) 0.5% p.a but wont FSM need to pay comms etc fees too???? Syfe wont need!

	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

Diff platform have diff features. Did you see I recommend FSM for trading overseas stock? 8.80 is alot hence I don't use FSM for overseas stock.

I pick the best features among diff investment company. For overseas stock yes Syfe trade is good.

 

[dappermen]

Did you see I recommend FSM for trading overseas stock?

y asking me? Every1 knws tt
Was puzzled tt why FSM is used to comp w Syfe...

i liked Syfe's UI

Their rate still higher than FSM quarterly platform fee

if i need a broker (Robo aside) i will use Moomoo usually though i hve FSM too
https://forums.hardwarezone.com.sg/...e-8-8-flat-fees.5946675/page-8#post-138669804

Just found out about FSM ETF RSP at 50 can buy into the ETF already. And later through RSP can sell the oddlot shares very cheap comm fee.

 

[endlssorrow]

If u buy ARKX, the management fee is 0.75% p.a. with Syfe fees will be 1.35%p.a.

But Syfe can select up to 8 ETFs with one fees mah.. am I wrong ?

 

[sohguanh]

y asking me? Every1 knws tt
Was puzzled tt why FSM is used to comp w Syfe...

I am just comparing the fees. E.g 100k with Syfe Vs 100k FSM. But I did acknowledge they are different business.

So if one don't look at business just on fees incurred for 100k investment it is comparable.

I sense this is a Syfe thread so I shall refrain from mentioning FSM name here. It is sign of respect to Syfe.

 

[dappermen]

ok!

yes we knw tt

But Syfe can select up to 8 ETFs with one fees mah.. am I wrong ?

 

[endlssorrow]

ok!

yes we knw tt

so it is like kind of DCA 8 different ETFs using one syfe management fees as compare when buying 8 different ETFs paying 8 different fees mah.. so maybe that the advantage of this SELECT?

 

[dappermen]

U can say that too

Even though I dont dca/ rsp regularly

Still, i find syfe ok to use

 

[sohguanh]

so it is like kind of DCA 8 different ETFs using one syfe management fees as compare when buying 8 different ETFs paying 8 different fees mah.. so maybe that the advantage of this SELECT?

Yes that is how I think like you think. But the Syfe fees is recurring whereas the other approach fee is one off at buy time.

Both approaches got trade off each person need do their own analysis. I am comparing Syfe fees with other investment fees for same X dollars ignoring the different business they are doing.

 

[dappermen]

each person need do their own analysis

Pls share your analysis w us later


For me, at a juncture u knw wat u wanna buy(more than 1) at one go and u tend to regret
(There r many tend to regret after buying, not wanna thk long term) good to sell off and redeemed it for other items in syfe
- ans is syfe


For those who can only pick and time 1 etf/stks only at each time (but will do so for newer choice later)? Moomoo

It is obvious!


Most of my stocks/etfs r in moomoo (cos syfe dont hve all my love)& i liked it all at one place
- so nothing much to thk and ponder over

Nvm abt the price diffces

 

[dappermen]

It s more for the kids to save

Not gonna even use syfe for usd items cos recently i learnt that when i transfer funds (i m not using dbs) from syfe to my uob - its TT fees is enormous!! Hated it to the max

 

[sohguanh]

Pls share your analysis w us

I think I share before 100k 0.4% by Syfe is 400 per year so 1 month is 33.33

100k 0.0875% 3 months by FSM is 87.50
Syfe for 3 months will be 99.99

Just play around with the value of 100k to get different comparison. For value less than 100k Syfe is 0.65-0.5%

PS FSM if 500k invested is 0% and that 500k can come from both CPF and cash combined.

 

[dappermen]

Yes u did
Most imptly your final choice is?

 

[sohguanh]

It s more for the kids to save

Not gonna even use syfe for usd items cos recently i learnt that when i transfer funds (i m not using dbs) from syfe to my uob - its TT fees is enormous!! Hated it to the max

Thanks for sharing the pro and con. So five free trade while good is keep it there don't bring back to Spore else lose alot.

 

[sohguanh]

Yes u did
Most imptly your final choice is?

As of now I stick with FSM use their ETF RSP to learn ETF investing get familiarise first at lower fees for time being. Then once grow in confidence I will relook at Syfe custom theme again.

 

[dappermen]

Ooooh

Usually the “inexperienced” will robo 1st then use diy-broker……

 

[sohguanh]

Ooooh

Usually the “inexperienced” will robo 1st then use diy-broker……

Robo the school fees higher and you learn lesser. So I going for DIY straight that's why I attracted to Syfe custom theme which StashAway don't have. But the school fees I want it cheap.

I am trying the FSM ETF RSP not transact the ETF like stock myself. I want to see the ETF I pick based on my analysis is correct or not the same way I learn unit trust investing year 2000 about 21 years ago

 

[dappermen]

ermmmm.....Strange!

could u share the top3 Etf u more/less thinking of

 

[sohguanh]

ermmmm.....Strange!

could u share the top3 Etf u more/less thinking of

I avoiding US ETF going for HKEX. Reason US change to so little SGD unlike last time I can get 1.8-2 SGD for 1 USD. Still newbie so let me get familiar first.

 

[dappermen]

syfe doesnt hve HKEX

 

[endlssorrow]

Yes that is how I think like you think. But the Syfe fees is recurring whereas the other approach fee is one off at buy time.

Both approaches got trade off each person need do their own analysis. I am comparing Syfe fees with other investment fees for same X dollars ignoring the different business they are doing.

I don’t get it by ur one off fee, such etf still gotta pay yearly de mah..