$$$ KPO and CZM $$$: Syfe - March 2021

Thursday, April 15, 2021

Syfe - March 2021

Syfe announced a reduction in interest from 1.75% to 1.5% for their Cash+ portfolio/account recently and it wasn't a surprise for me. It was just a matter of time because they had to "top up" the interest in order to provide higher interest and they just can't do it indefinitely. Personally, I am not a fan of cash management account but if you are risk-averse and relatively older then do sign up for Syfe Cash+. It is definitely much better than those fixed deposits from banks/insurance companies as your cash is not locked up. If you are relatively younger, please do not put most of your money in a cash management account unless you have huge expenses in the near future such as a wedding/renovation, either learn to invest yourself or let the robos do it for you through the more risky growth portfolio!

Alternatively, you can consider my way of cash management. US$53.78 was my interest for just 1 week with a deposit of US$30k. 
Earning High Interest Using BlockFi and Celsius Network
Earning High Interest Using BlockFi and Celsius Network Part 2

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

Account Statement (Lifetime)

Our current tier is Blue (<$20,000). This is determined by the size of the portfolio (currently $16,600.89) which in turn determines the fees to be charged. The statement lifetime return is $1,547.61 which includes a $1,290 referral bonus. The actual lifetime return would be $257.61. Thanks to our readers for using our code!

Account Statement (March 2021)

The return for the month is $569.64 which includes a $10 referral bonus. 

As of 13 April 2021, this is our portfolio performance:

Capital: $15,553.28 ($11,000.00 + $4,553.28 from Equity100)
Current: $17,464.07 (25.57% - return is skewed due to referrals)

Capital: $3,700.00
Current: $4,553.28 (52.44% - 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 accurately for the Syfe Core, Equity100, and Global ARI portfolios when there are small transactions (<0.01) which I have set them to 0.00 instead. You can refer to this for more information - Syfe - July 2020. The parser will work better/more accurately 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 $15,993.70 x 0.65% / 365 * 31 ~ $8.82.

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 (20.31%), we can see that Syfe REIT+ 100% is underperforming the indexes/benchmarks. The annualized return/XIRR is 14.24%. Using the Rule of 72, it means that the Syfe portfolio will double our money in 72 / 14.24 ~ 5.05 years. In comparison, the same money if left in the bank account at 2% interest rate will take 72 / 2 ~ 36 years to double. 

If we were to look at the projected dividends till the end of the year based on the existing investment, we can expect $556.02 of dividends or $46.33 per month. Since the dividends >> fees, this is a pretty sustainable portfolio assuming if there's no capital loss.

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.

On a side note, Futu's moomoo attractive sign-up bonus (one free Apple Share besides other benefits) has been extended to 30th April 2021 (1500hr SGT)! Take a look at our review here.

You might be interested in previous months update too:
Syfe REIT+ (100%) Review
Syfe - December 2020 - $13,129.55
Syfe - January 2021 - $14,748.08
- Syfe - February 2021 - $15,531.26
- Syfe - March 2021 - $16,600.89

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  1. yea, mine reit+ also underperforming, even though is positive region overall.

    just wondering if its worth while to liqudate it for another of their portfolio or other roboadvisor?

    would you be continuing in this ? or changing?

    1. Hi foolish chameleon,

      It depends on what you prefer at the moment? We are investing in the REIT+ portfolio for the dividends/passive income. It will definitely underperform when compared against those US growth portfolio. I am expecting/hoping that this will outperform STI in the long run though so we will just continue and see how it goes.