$$$ KPO and CZM $$$: Syfe - July 2020

Thursday, August 13, 2020

Syfe - July 2020

As mention previously, we started an Equity100 portfolio and realized that the transactions parser I wrote error out due to a few reasons and 1 of each, I cannot fix.

What is <0.01? 0.009 or 0.001? Showing <0.01 is just not intuitive. Furthermore, without the purchase price, there is no way I can compute the number of units. 

Another issue - showing 0 shares in my portfolio composition. Again this does not make sense. 

There is a discrepancy between the number of shares shown in the transactions vs what is in the composition due to the rounding error/issue. They should just increase the decimal places for the number of shares. I have dropped them an email. On a side note, I have never seen StashAway with this issue (shares are shown up to 4 decimal places).

Our Syfe Portfolio
Composition: 100% REITs
Dividend: Reinvest
Monthly Investment: $1,000

Composition: 100% Equities
Dividend: Reinvest
Monthly Investment: $700

Account Statement (Lifetime)

Our current tier is Blue (<$20,000). This is determined by the size of the portfolio which in turn determines the fees to be charged. The statement lifetime return is $872.68 which includes a $690 referral bonus. The actual lifetime return would be $182.68. Thanks to our readers for using our code!

Account Statement (July 2020)

The return for the month is $314.10 which includes a $210 referral bonus. This means our actual return for the month is $104.10.

As of 12 August 2020, this is our portfolio performance:

Capital: $3,000.00
Current: $3,872.66 (12.49%)

Capital: $700.00
Current: $725.23 (0.71%)

Transaction Breakdown

There are too many so I will just share the first page. Anyway, if you want to extract the transaction information from Syfe, do take a look at this article - Syfe Transactions Parser.

After parsing them into a csv file, I pivoted the data to get the following view.

Management Fee

The management fee can be obtained by $3,195.95 x 0.65% / 366 * 31 ~ $1.74.

In my opinion, the return captured by StocksCafe will be a more accurate representation of our portfolio return as the referral bonuses are treated as capital. Having said that, I can also understand why Syfe treats them as a return instead of a deposit too. Just a different perspective.

Anyway, looking at the time-weighted return (11.49%) for this year, we can see that Syfe REIT+ 100% is outperforming STI ETF (including fees). In addition, if we were to look at the projected dividends till the end of the year based on the existing investment, we can expect $89.65 of dividends or $7.47 per month. Since the dividends >> fees, this is a pretty sustainable portfolio assuming if there's no capital loss.

If you are interested in signing up, do use our referral code (KPOBONUS) for some cash incentive! Invests $500 and more and we will receive a $10 bonus each. Invests $10,000 and more and we will receive a $50 bonus each. Invests $20,000 and more, we will receive a $100 bonus each!

If you are interested in the smart portfolio tracker (StocksCafe) which I am using as shown above, sign up using my link for a longer trial period :) Refer to our Referrals page for more information.

You might be interested in previous months update too:
Syfe REIT+ (100%) Review
Syfe - May 2020 - $1,135.43
Syfe - June 2020 - $2,558.58
- Syfe - July 2020 - $3,872.68

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  1. Hi,

    May I know how do you include your Syfe portfolio into stockcafe?

    1. Hi Wacanbosi,

      I parse out the transactions using a script (https://kpo-and-czm.blogspot.com/2020/05/syfe-transactions-parser.html) and format the data accordingly. After which, just import all the transactions into StocksCafe.