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.
So here’s Mr and Mrs Budget’s monthly Syfe portfolio summary.
Global Equity Portfolio
Total invested: S$5,572.12
Total Contribution this month: S$0
Current Value: S$5,497.84
Portfolio Return: -1.33%
Downside Risk: 25%
Total invested: S$6,670.01
Total Contribution this month: S$2000
Current Value: S$6,903.46
Portfolio Return: 3.5%
Due to the rebound in market share prices, our Syfe portfolio also staged a rebound in return. Coupled with referral fee bonuses, our global equity portfolio is slowly breaking even, and our REIT portfolio have returned to the positive +3.5% return so far.
We are not too concerned about the returns 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.
For our REIT portfolio, we may be opting for the full REIT allocation instead of the current REIT + bond allocation as REIT prices have all rebounded back to decent levels the past 1 week.
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:
Based on our records (missing April as we did not contribute to Syfe), the negative performances are now slowly moving into a positive return to our portfolio, so that’s definitely great news.
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.