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...

REIT+

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 $15,993.70 x 0.65% / 365 * 31 ~ $8.82.

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. 

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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