Frequent followers of Mr and Mrs Budget will know that Mr Budget had started a regular savings plan with Syfe, a relatively new roboadvisor in Singapore.
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.
Since February, both Mr and Mrs Budget has combined our Syfe accounts 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$5532.12
Total Contribution this month: S$1000
Current Value: S$4918.86
Portfolio Return: -11.09%
Downside Risk: 25%
Total invested: S$4650.00
Total Contribution this month: S$1500
Current Value: S$4333.10
Portfolio Return: -6.82%
Current Dividend Yield: 4.57%
So far both the portfolio registered a negative return due to the market crash in the past 4 weeks. Since investing in Syfe in January, the returns has continued to register a downward returns due to bad market condition.
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:
February 2020: S$3075.90 (-2.35%)
March 2020: S$4333.10 (-6.82%)
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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