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Jess

28 Nov 2023

∙

General Investing

Is Syfe recommended?

Hi, I'm new to the investment industry. Came across the different kinds of investments & just curious which RoboAdviser Is the most recommended. I have bought SSB & T-bills previously but the interest for both are comparable to my UOB one account (3.85%)

Any advice for the first 50k savings I have? A Low-Mid Risk BUT still on the learning process for investment.

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Discussion (15)

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Missing Q

16 Sep 2024

I would say, skip T-bills and SSB. Don't invest your $ in GOVT. Not worth it.

Lower risk, you can look at Core-Growth or Core-Balance.

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Janice Tan

02 Dec 2023

I heard Syfe allows 2 free trade per month but you have to check to confirm. If you know how to DIY and plan to DCA, you will not have to pay the commission for the 2 free trades.

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YOC

01 Dec 2023

See whether you can hit the other criterias for UOB one (interest pretty high these days).

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Financelearner

01 Dec 2023

If you are not sure about investing, then investing in Robo Advisor like Syfe, or Endowus would make sense for your savings. But do take note that different Robo Advisor have different investment styles and you need to check which one fits your style the most.

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Francis

01 Dec 2023

I am using Endowus since it returns the trailer fees. I do not know how the different robos perform....

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