Frequent followers of Mr and Mrs Budget will know that Mr Budget had started a regular savings plan with Syfe.
The main reason why Mr Budget decided to go for Roboadvisor is because he is looking for a more affordable way to invest in multiple baskets of ETFs to get more diversification.
Another reason is that, Mr Budget views roboadvisors as the professionally managed portion of his portfolio since he does not have any financial advisor.
As Roboadvisor firms have professionals looking at the funds daily, I’d think the results won’t be that bad as compared to our own DIY portfolios.
In February, Mr and Mrs Budget also started investing into Syfe’s new REIT portfolio REIT+. As both Mr and Mrs Budget are looking at monthly contribution into Syfe, we have decided to combine our Syfe account together so that our returns (or losses) will be compounded. 🙂
So here’s Mr and Mrs Budget’s monthly Syfe portfolio summary.
Global Equity Portfolio
Total invested: S$4520.00
Current Value: S$4248.60
Portfolio Return: -6%
Downside Risk: 25%
Total invested: S$3150.00
Current Value: S$3075.90
Portfolio Return: -2.35%
Current Dividend Yield: 4.57%
So far the portfolio registered a negative return as the market entered a correction zone over the past 2 weeks.
We are not too concerned as we will continue to put in regular contribution to Syfe monthly, and hopefully 5 to 10 years later we will be able to see the returns.
Will Syfe give us a good return, better than what CPF SA is giving us? Only time will tell. 🙂
You might be interested in previous months update too:
January 2020: S$2009.00 (-0.25%)
February 2020: S$4248.60 (-6%)
February 2020: S$3075.90 (-2.35%)
Looking to invest via Syfe? You can use our referral code: SRP6X8B8Y when you create an account. We would both get $10 to $100 depending on your first deposit amount, and you’d receive your bonus within 5 business days.
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