Anonymous
Are the fees on Syfe really worth it if I reach $100k? They charge 0.4% per annum which is close to $400 a year
Hi guys, I’m a new investor and looking to invest for 25-30 years.
I’ve been thinking bout this for awhile, is The fee on syfe really worth it? Say one day when my investment reach 100k (?) they charge 0.4% per annum which is close to $400 a year. Ive been thinking on DIY approach with tiger broker and just stick to 3-4 ETF. Which one in your opinion would be best and cost lesser in management fee? Currently I’m investing $700/month after putting aside emergency saving and etc.
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Tan Choong Hwee
03 May 2021
Solutions Specialist at Providend
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Fees is just one aspect of investment. More importantly is the projected return net off fees, so it depends on which ETFs vs which roboadvisors' portfolio you choose.
Investing thru roboadvisors is passive as they can manage everything for you (rebalancing of portfolio allocation, risk management, handling of corporate actions), whereas you have to handle them yourself with DIY approach.