facebookWould it be better if I withdraw USD 2100 from Saxo and invest equity 100 in Syfe in long term? - Seedly

Anonymous

22 Oct 2020

โˆ™

General Investing

Would it be better if I withdraw USD 2100 from Saxo and invest equity 100 in Syfe in long term?

Hi,

I have invested around USD 2100 on VOO in SAXO. Would like to seek advise, whether is it wise to transfer the money to Syfe and invest Equity 100 portfolio in long term?

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Syfe

22 Oct 2020

Hi there! Perhaps I can share more about our Equity100 portfolio. Equity100 is a 100% equities portfolio that holds ETFs like the S&P 500 UCITS ETF, Invesco QQQ, iShares MSCI EAFE ETF and more. Overall, these ETFs give you exposure to over 1,500 stocks the likes of Apple, Amazon and Microsoft.

We do not hold VOO but as Kevin mentioned, you'll get diversified exposure to the broad US market as well as developed and emerging markets from across the world.

With Equity100, there is no minimum investment, no holding period, no brokerage charges and no withdrawal costs. This makes our portfolios more cost efficient for monthly DCAs.

As such, you do not necessarily need to withdraw your funds from Saxo. If you prefer, you can always start investing in Equity100 with a small amount and slowly build it up.

Kevin

18 Oct 2020

Mechanical Engineering at Nanyang Technological University

I would advice you to leave your holdings in SAXO untouched due to withdrawal costs, like what Andy had mentioned, and start building your Equity100 portfolio by doing dollar cost averaging. Since you are holding your shares long term, you would not need to worry about the performance of VOO and Equity100 since they are more or less co-related since most stocks in Equity100 are US ETFs. The Equity100 portfolio will also be a way for you to further diversify by exposing you to different sectors as depicted by the types of ETFs the portfolio holds.

Hope this helps ๐Ÿ˜€.

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