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Anonymous

08 Feb 2021

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General Investing

Should I continue my RSP in S&P500 with FSMOne if I recently started RSP with Syfe Equity100?

If I recently started RSP with Syfe Equity100, does it still make sense to continue my RSP in S&P500 with FSMOne?

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thefrugalstudent

08 Feb 2021

Founder at thefrugalstudent.com

Hi Anon,

Since Syfe's Equity100 portfolio already has positions in CSPX (S&P 500 ETF), you don't really need to continue your RSP on FSMOne. However, if you want to increase your portfolio's concentration in the S&P500, (ie higher % of investments in S&P500) then you can continue doing so.

But to improve diversification, it might be more worthwhile to RSP into other ETFs like small-cap or Asian markets.

Hope this helps!

Regards,
thefrugalstudent

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