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Anonymous

16 May 2021

Robo-Advisors

What is a good minimum amount to invest for a uni student in Syfe REIT+?

Am a Uni student who is planning to invest in Syfe Reit+ 100%. What is a good minimum amount to invest?

Discussion (4)

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Hi Anon,

I think it depends on what you are trying to get out from that portfolio. If you are looking for a venue to get extra income, do note that you can only receive dividends after 20k is invested. And that should get you about 1k of dividends per year (5% rate). If you are looking for capital appreciation to grow your capital and dont care about passive income. I think maybe you should look at their Global or equity100 portfolio.

Otherwise, I think setting aside a sum of money every month, on top of your expenses, that is comfortable for your current financial position would be good.

That's just my thought, cheers!

Agree with Frugal Fox that a good figure would be $50/month as you are still a student. If you have more expandable funds on hand, maybe even $80 or $100 would be good. After graduation where you have a full time job, at least $200/month would be good.

However, any amount you are able to put in after deducting your monthly expense would better.

In the end, starting with a small sum is better than never starting at all.

Tan Choong Hwee

26 Apr 2021

Solutions Specialist at Providend

There is no minimum amount to invest in Syfe REIT+. So it is up to you to see how much you can put a...

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