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

Thursday, October 15, 2020

Syfe - September 2020

Syfe recently raised US$18.6 Million in Series A Funding which is definitely a good piece of news. This is a lot more as compared to StashAway US$5.3 Million in Series A Funding but we do not know the number/percentage of shares that were traded for it. End of the day, these are signs/indicators that the company has the potential to continue to grow/survive as these venture capitalists/investors would not want to make a loss in their investment too. Anyway, you can read more about Series A, B, C Funding here - Series A, B, C Funding: How It Works.

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

Composition: 100% Equities
Dividend: Reinvest
Monthly Investment: $500

Account Statement (Lifetime)

Our current tier is Blue (<$20,000). This is determined by the size of the portfolio (currently $8,019.86) which in turn determines the fees to be charged. The statement lifetime return is $1,319.86 which includes a $1,140 referral bonus. The actual lifetime return would be $179.86. Thanks to our readers for using our code!

Account Statement (August 2020)

The return for the month is $259.57 which includes a $340 referral bonus. This means our actual return for the month is -$80.43.

As of 15 October 2020, this is our portfolio performance:

Capital: $5,000.00
Current: $6,030.07 (16.77% - return is skewed due to referrals)

Capital: $1,200.00
Current: $1,343.29 (14.47% - return is skewed due to referrals)

Transaction Breakdown

There are too many so I will just share a snippet. Anyway, if you want to extract the transaction information from Syfe, do take a look at this article - Syfe Transactions Parser. Anyway, the parser will not work for the Equity100 and Global ARI portfolio when there are small transactions (<0.01). You can refer to this for more information - Syfe - July 2020. The parser will work if Syfe is willing to change its UI and display more decimal places...



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 $6,901.89 x 0.65% / 366 * 30 ~ $3.64.

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 (15.09%) 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 $104.21 of dividends or $8.68 per month. Since the dividends >> fees, this is a pretty sustainable portfolio assuming if there's no capital loss.

Unfortunately, Syfe will be changing its referral program. I always thought they had the best referral because the other robos are giving $X amount of free management where most of the time, we will not be fully utilizing it. Hence, KPOBONUS code and the cash incentive (last chance!) will be in effect up till 15 October, 23:59. Starting 16 October 2020, new Syfe customers will have their first $30,000 managed free for 6 months when they use our new referral code - (KPOCZM).

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
Syfe - August 2020 - $6,260.30
- Syfe - September 2020 - $8,019.86

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