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Anonymous
Would you recommend to continue using Singlife or move to Dash PET or have both Singlife and Dash PET? I understand that for Dash PET, there will be a charge for withdrawal though. Or am i better off investing in Syfe instead? Appreciate your advise. Thanks.
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Arman Mohamad
10 Jan 2022
Seedly Student Ambassador 2021/22 at Seedly
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I assume you mean syfe as in syfe cash+, not their investment portfolios. investing is not there to "park" funds. it is for the long term.
not familiar with dash. but i have both singlife and syfe cash+.
both serve different purposes. singlife deposit and withdrawal almost immediate and there are no worries of volatiity. whereas syfe cash+ gave me higher returns for some volatility.
for me as long as singlife pays higher than banks' fixed deposit rates, i will not be too bothered.
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hope this helps.
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Hi Anon, I'm assuming these funds are for investment purposes and you are okay with parting with it for a few years. In that case, like what the rest have mentioned, you can invest it in Syfe's portfolios. You can also look at other Robos like EndowUs or Stashaway!
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However, if you are talking about emergency funds, I think you can leave it in any money market/cash accounts that net you 1-2% per annum. They're liquid and easily withdrawal. Dash PET and Syfe Cash+ are a good start but again, you can look at other Robos!