facebookHow does Syfe work? Lets say i invest in some ETF and the value grows, do i need to sell the stocks or do i receive my gains just by withdrawing the funds? - Seedly

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Anonymous

13 Jun 2020

Robo-Advisors

How does Syfe work? Lets say i invest in some ETF and the value grows, do i need to sell the stocks or do i receive my gains just by withdrawing the funds?

Discussion (3)

What are your thoughts?

Hi! SYFE is a roboadvisor, meaning SYFE will help you to buy/sell the REITS ETF.

For your gains (dividends), you can choose to reinvest it or have it transferred to your bank account. However, the latter is only available when your account has a value above $20000 I think.

Hope this answer was helpful to you!

Elijah Lee

Elijah Lee

13 Jun 2020

Level 18·Independent Financial Advisor at Phillip Securities (Jurong East)

Hi anon,

Syfe is a robo advisor. You are investing in a basket of ETFs and not directly into any stocks. Should you liquidate, they will sell off the ETFs according to how much you wish to withdraw and credit the money back to you.

Ng Wei En

Ng Wei En

13 Jun 2020

Level 8·Analyst at Mastercard

When you initiate a withdrawal, I believe Syfe will exit your positions in proportion to the market ...

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