facebookI noticed that my money in Syfe Cash+ has been decreasing and fluctuating, would it be more worth it if i store my money in Singlife/Dash instead? - Seedly

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Anonymous

15 Apr 2021

Robo-Advisors

I noticed that my money in Syfe Cash+ has been decreasing and fluctuating, would it be more worth it if i store my money in Singlife/Dash instead?

I understand it does not function like a FD and the $$ is not guaranteed. Seeing the dip and fluctuations in my returns, would it be more worth it if i store my money in Singlife/Dash since it consistently gives me dividends EVERYDAY regardless?

Discussion (3)

What are your thoughts?

Hello!!

I personally put my $$$ in Singlife and TIQ GIGANTIQ to have 1.5% and 1.8% p.a respectively!

If you didn’t sign up for Singlife/Dash previously..., now it’s unavailable :(

Hey there! If you're planning to keep just $10K in your cash account, then Singtel PET would be great since it's guaranteed 1.7% p.a. for your first $10K.

But if you have more than $10K, I do think Cash+ is still worth considering. They've said that since their launch to 31 Mar, there were 15 days where the daily return of Cash+ was negative. In all but one of these cases, the negative return was offset by positive returns within three days, and in one case the total return was positive again within two weeks.

While past returns do not predict the future, it seems likely that this negative returns would be reversed soon. I wouldn't be too worried about it!

If you're looking for a comparison between the cash accounts from the various robos, do check out our review too :)

thefrugalstudent

thefrugalstudent

14 Apr 2021

Founder at thefrugalstudent.com

Hi Anon,

Your Cash+ portfolio fluctuates because at the end of the day, it's invested in money mark...

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