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Have been using syfe for 6months. The fee waiver is gone soon. Started using syfe when I'm still new to investing and after learning more about investing, not sure whether to shift from syfe to diy etf or continue using syfe? Currently syfe around +10%. Any can enlighten me on the exact syfe fees?
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Ngooi Zhi Cheng
11 Aug 2021
Student Ambassador 2020/21 at Seedly
I personally feel that you can take your time with your DIY ETF investing. Have you thought up your intended ETF portfolio? A good setup can be based on Boglehead style investing.
You can refer to this style here: https://www.bogleheads.org/wiki/Lazy_portfolios
What I would do would be to shift my certain intended investing cashflow towards building up money for DIY ETF investing (To be done annually) while maintaining a certain amount to Syfe for Monthly DCA
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Tan Choong Hwee
11 Aug 2021
Investor/Trader at Home
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Syfe management fees is 0.65%.
I think it'll be good for you to try DIY-ing an ETF portfolio but that doesn't mean you have to completely ditch your Syfe at this moment. Moreover its only been 6mths into Syfe, I believe itls too quick to make a judgement on Syfe's performance (should give it at least 5yrs). Do also consider if you're confident that your returns from your DIY portfolio can beat that of Syfe's.
TLDR, try DIY-ing yourself but dont be so quick to cash out of Syfe.