Anonymous

01 Oct 2020

∙

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?

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Daniel Kok

01 Oct 2020

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. :)

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Deedee

30 Sep 2020

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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Is there a need to have a high lump sum when setting up an account with Syfe, does it make a big difference as opposed to having a lower lump sum and an average of maybe $200 monthly?

I am planning to set aside <$500 per month for investing. Considering that i am buying SWRD. Is it better to invest lump sum (quarterly) or monthly? Is IBKR or SB a better option ?

What's the approach to invest S&P 500 in Endowus? Lump sum or DCA? Or both? Is it make sense to DCA monthly, says $200? What about the fund costs? I appreciate it for your kind advice.

I’ve just started working and with that I also started learning how to invest. Currently, my plan is to RSP $100 into STI ETF, Stashaway and Syfe per month. Would that be a good starting point?

How can I edit lumpsum deposit or monthly deposit on the Syfe dashboard? I deposited 100 initially and if i plan to deposit another 200, do i need to edit the dashboard or can i just add funds directly?