facebookIn terms of using RSP or robot advisor to invest, which one is cheaper? - Seedly

Anonymous

21 Sep 2020

Robo-Advisors

In terms of using RSP or robot advisor to invest, which one is cheaper?

Discussion (1)

What are your thoughts?

Learn how to style your text

Syfe

21 Sep 2020

Hi there, you may find that investing with Syfe is more cost-efficient than other approaches.

1) Our fees range from 0.65% to 0.4% per year, depending on the amount invested. So if you invest $1,000, you pay just $0.54 each month!

2) We have no investment minimums. You can invest any amount you prefer, at any time. We have no buying and selling transaction fees either, so you can invest according to a schedule that suits your needs.

3) We have a broader selection of investment options. Most RSPs are invested mainly in Singapore stocks (via the Straits Times Index) or Singapore bonds. In comparison, Syfe's Equity100 and Global ARI portfolios provide global equity and bond exposure. For instance, Equity100 is invested in more than 1,500 stocks from the world's leading companies like Apple, Amazon, P&G and more.

4) Dividends are reinvested automatically for you. Most RSPs do not provide this option. According to Syfe's calculations, reinvesting your dividends can potentially result in an extra 0.5% in returns each year!

Hope this helps :)​​​

Write your thoughts