I recently discovered another thing about the Equity100 portfolio that is annoying me. Look at the below screenshot taken on some random day.
Unlike StashAway, Syfe does not keep any SGD. Everything is converted to USD and the fees deducted are in USD too. The discrepancy you see above is due to FX fluctuation which I understand but their UI definitely has a lot of room for improvement. Although everything is in USD, the display currency is in SGD without an option to toggle it to USD. Having said that, this shouldn't affect a typical user but it annoys me when I am updating the transactions and fees in StocksCafe. The OCD in me is already going crazy over the inaccuracy of their display (rounding to 2 decimal places) and now this -.-"
In addition, while I was blogging about StashAway - January 2021, I noticed something interesting. It seems that our portfolio has hit the next tier and now every dollar invested into StashAway is at a fee of 0.6% which is cheaper/lower than Syfe Blue tier (0.65%). Together with the stats I am seeing in StocksCafe (Equity100 portfolio taking on more risk with lower return), I will be making some changes to our monthly investment next month. The plan is I will transfer everything in Equity100 to REIT+ 100% portfolio and the $500 monthly investment for Equity100 will go to StashAway instead.
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 $14,748.08) which in turn determines the fees to be charged. The statement lifetime return is $2,048.08 which includes a $1,220 referral bonus. The actual lifetime return would be $788.08. Thanks to our readers for using our code!
New Syfe customers will have their first $30,000 managed free for 6 months when they use our new referral code (KPOCZM). We will be receiving a $10 cash incentive for our portfolio if you invest $500 or more on your first deposit.
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 - January 2021 - $14,748.08
Do like any of the following for the latest update/post!
1. FB Page - KPO and CZM
2. Twitter - KPO and CZM
3. Click here to subscribe using email :)
4. Instagram - KPO_and_CZM (Did you see those delicious food photos to the right --> Unfortunately, you can't see it on mobile.)
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 $14,748.08) which in turn determines the fees to be charged. The statement lifetime return is $2,048.08 which includes a $1,220 referral bonus. The actual lifetime return would be $788.08. Thanks to our readers for using our code!
Account Statement (January 2021)
The return for the month is $118.53 which includes a $0 referral bonus.
As of 10 February 2021, this is our portfolio performance:
As of 10 February 2021, this is our portfolio performance:
Capital: $9,000.00
Current: $10,381.09 (21.76% - return is skewed due to referrals)
Current: $10,381.09 (21.76% - return is skewed due to referrals)
Capital: $3,700.00
Current: $4,535.69 (49.82% - return is skewed due to referrals)
Current: $4,535.69 (49.82% - 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...
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| REIT+ 100% |
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| Equity100 |
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 $13,863.74 x 0.65% / 365 * 31 ~ $7.63.
StocksCafe
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.
StocksCafe
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.
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| REIT+ 100% |
Anyway, looking at the time-weighted return (18.94%), we can see that Syfe REIT+ 100% is outperforming STI ETF (including fees) but underperforming when compared against SPY or IWDA. 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 $361.46 of dividends or $30.12 per month. Since the dividends >> fees, this is a pretty sustainable portfolio assuming if there's no capital loss.
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| Equity100 |
Interestingly, this is one of the rare times one would see STI outperforming all the other benchmarks. Unfortunately, the time-weighted return is just (14.17%) losing to all the indexes. In addition, if we were to look at the volatility and max drawdown, the Equity100 is riskier but not performing better than STI. A huge contrast when we compare it against StashAway's portfolio which diversifies across different assets. Having said that, we have only invested in Equity100 for a very short period of time (since Aug 2020). I will continue to monitor and decide if we should continue with this.
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 - December 2020 - $13,129.55
Do like any of the following for the latest update/post!
1. FB Page - KPO and CZM
2. Twitter - KPO and CZM
3. Click here to subscribe using email :)
4. Instagram - KPO_and_CZM (Did you see those delicious food photos to the right --> Unfortunately, you can't see it on mobile.)
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