facebookI’ve just placed a lump sum of $500 into syfe and plan to DCA $100-$200 each month. How does DCA work? Will there be a specific deduction date? Do i need to set up GIRO? - Seedly

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Anonymous

01 Oct 2020

Robo-Advisors

I’ve just placed a lump sum of $500 into syfe and plan to DCA $100-$200 each month. How does DCA work? Will there be a specific deduction date? Do i need to set up GIRO?

Discussion (2)

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Like what deedee said, you can choose to set an instruction or do it yourself! I personally choose to do it myself just in case i would like to adjust the amount to put in every month. :)

Hi anon. You can set up a standing instruction with your bank to direct your chosen amount into your syfe portfolio (number written in remarks) at your chosen date after saving syfe's bank account.

Some of my friends will monthly transfer their desired amount so they will feel the pinch or take some time to check their portfolio up.

Really up to you :)

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