facebookShould I open Syfe100 when I already have the Syfe Global Ari portfolio? Or just transfer the funds from global to 100? - Seedly

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Anonymous

09 Feb 2021

Robo-Advisors

Should I open Syfe100 when I already have the Syfe Global Ari portfolio? Or just transfer the funds from global to 100?

Current profile:
Reits with Risk management: 2.5k
Syfe Global Ari portfolio 15% DR: 3K (-$120) As currently already got -$120 (very little i know haha) but if i transfer the funds to Syfe Equity100 is it not worth as it means i really lose the money?

Discussion (2)

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If you do not need the funds in your Syfe ARI portfolio at the moment, you may want to simply open a new Syfe Equity100 portfolio. If you do an internal transfer, what happens is that Syfe will sell all your ARI assets and use the proceeds to invest in Equity100.

If like me, your ARI portfolio has still not recovered, you'd be realising the loss this way. But if your ARI portfolio has made a gain and you want to take profits, then the internal transfer could be a good idea.

Do note that this process typically takes at least 3 working days!

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