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Anonymous
What are your opinions on starting Syfe now?
Syfe has a Singapore portfolio right, so I do not have to pay the 30% withholding tax?
I am a student, hence I just want to park my money somewhere that would generate >2% interest per annum.
However, due to the current Covid-19 situation, I'm not too sure as to whether it is a good time to start now, even though I'll be holding it in the long term.
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Eliezer
08 May 2020
Content & Community Lead at Syfe
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Hey there, that's a good question! Firstly, you're right. There is no dividend withholding tax if you invest in Syfe's Singapore REITs portfolio.
As to your question on whether now is the right time to invest with Syfe, time in the market beats timing the market. If you're planning to invest for the long term, now would be a good opportunity to accumulate quality investments at bargain prices.
That said, you should always know your risk appetite before investing. Syfe's risk assessment tool can help you better understand your risk profile and recommend a portfolio suitable for your risk tolerance level.
To further put your mind at ease, Syfe portfolios have remained remarkably resilient during this COVID-19 period. Our portfolios have experienced smaller dips in value as compared to our benchmarks and the broader market.
As the saying goes, the best time to invest was yesterday. The second best time is now. So do get started!