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Andy Sim

Average joe hoping to learn from the best :)

Andy Sim

HR Professional at a Financial Institution

About

Average joe hoping to learn from the best :)

Credentials

HR Professional at a Financial Institution

Andy Sim

HR Professional at a Financial Institution

  • Answers (390)
  • Questions (4)
  • Reviews (0)

Investments

Syfe

Robo-Advisors

Stocks Discussion

Online Brokerages

REITs

Property

What will be the best approach to Syfe’s REIT portfolio as of now? 100% REITs or with bond?
Andy Sim
Andy Sim, HR Professional at a Financial Institution
Level 7. Grand Master
Answered 4w ago
Hi Anon, I'm on their 100% Reits portfolio now and these are some of the reasons for choosing it over the reits with risk management: 1) I want to maximise the dividends that I'd receive since Syfe is part of my dividend investment strategy 2) I have a longer term investment horizon so I can afford to take more risks (100% reits), which also in turn give me more returns once reits recover (which they are already on the path to) 3) I'm still unsure about their ARI mechanism, though I know they are supposed to reduce your downside risks. Not that they are not good but I need to be entirely sure of a product before I go in. I'd probably consider it if I invest in their global portfolio since its investing in overseas markets and things are more volatile and changing, but not much the Singapore a market (reits) Syfe's reits portfolio is well diversified and their holdings with higher weightage are generally more resilient so I'm comfortable with it. If you need a referral code let me know, I can drop mine in the comments below :)
👍 3

Robo-Advisors

REITs

Smartly

Investments

Stocks Discussion

Online Brokerages

What are your thoughts about RoboAdvisors and the recent shutdown of Smartly? Is there a RoboAdvisor for REITs?
Andy Sim
Andy Sim, HR Professional at a Financial Institution
Level 7. Grand Master
Answered on 27 May 2020
Hi Thumelen, there is definitely a risk of a roboadvisor shutting down for whatsoever reason, heck investments in itself also have risks. But in order to grow one's wealth, these risks are necessary. But ofc to reduce these risks, you have to do the necessary due diligence. When I compare robo-advisors, I usually look at the reviews, how long have they been in the market, how have they performed, are their investment methodology aligned to mind, have they been listening to their customers and improving their products etc. After tonnes of researching, reading reviews, watching webinars etc, I then decided to try my hand out with Syfe's 100% Reits portfolio as a way of diversification into the Reits market (which coincidentally is what you are also looking for). Syfe hasn't been in the market for v long but their customer service, the team, their investment methodology, their products and the way they kept engaging potential customers through regular webinars are what led me to choose them. Yes there may be risk of any robos closing but it's a risk I'm willing to take as I can see them staying for the long term. Disclaimer: I'm not working for Syfe but do have a look at their Website. If you ever need a referral code feel free to use mine SRPRVU3QF :)
👍 0

ETF

Investments

S&P 500 Index

NYSE (New York Stock Exchange)

Why do some invest in US domicilied ETF (eg VOO, IVV, VT) instead of Irish domiciled ETF (eg CSPX, VWRA, IWDA) despite higher WHT?
Andy Sim
Andy Sim, HR Professional at a Financial Institution
Level 7. Grand Master
Answered on 15 May 2020
I'm puzzled too honestly and I'm also trying to read up more on why would people choose US domiciled ETFs. One of the reasons probably is because they are not too bothered about the dividends since they go for growth of the ETF. But if you consider the effects of WHT on the total expenses, US domiciled ETFs are actually more expensive. Great article to explain about this: https://newacademyoffinance.com/best-tax-efficient-etf-portfolio/ There is also estate taxes consideration if you decide to go with a US ETF.
👍 1

Investments

S&P 500 Index

STI ETF

ETF

Stocks Discussion

Online Brokerages

SeedlyTV S2E05

Should I invest in S&P500 in UK (ireland)?
Andy Sim
Andy Sim, HR Professional at a Financial Institution
Level 7. Grand Master
Answered on 11 May 2020
Hi Anon, I would like to point you to a very useful article: https://newacademyoffinance.com/best-tax-efficient-etf-portfolio/ The S&P500 ETF is a growth etf which means even buying lump sum and holding it long term, you'll have decent returns, compared to STI ETF which has been going sideways for a long time. The returns you'll get from S&P500 even after deducting these fees will likely be more than that of STI ETF.
👍 0

Lifestyle

COVID-19

Are you excited that Macdonalds reopened today? What do you love about them?
Andy Sim
Andy Sim, HR Professional at a Financial Institution
Level 7. Grand Master
Answered on 11 May 2020
McSpicy! And occasional one for one deals heh
👍 0

Robo-Advisors

Promo Codes

Syfe

REITs

Syfe's REIT portfolio looks very good. Thinking of investing into it. Anyone has a Syfe Referral code I can use?
Andy Sim
Andy Sim, HR Professional at a Financial Institution
Level 7. Grand Master
Answered on 10 May 2020
You can use mine :) SRPRVU3QF
👍 0

SeedlyTV S2E02

S&P 500 Index

ETF

Investments

Is there any Singapore-based ETF which is reflecting S&P500 so that I can purchase in SGD instead of converting to USD?
Andy Sim
Andy Sim, HR Professional at a Financial Institution
Level 7. Grand Master
Answered on 10 Apr 2020
Yep there is, the SPDR S&P500 ETF (SGX: S27). But the thing about this is it is domiciled in the US and also listed in USD, so you will have 30% dividend withholding tax, estate taxes and also currency risks. The volume is also v low so the bid ask spread is high. You will be better off investing in an Ireland domiciled ETF like CSPX with lower WHT and accumulating in nature (automatically reinvests dividends for you).
👍 0

Lifestyle

Savings Accounts

COVID-19

SeedlyTV S2E01

How to register bank account for Solidarity payment announced by the government?
Andy Sim
Andy Sim, HR Professional at a Financial Institution
Level 7. Grand Master
Answered on 08 Apr 2020
Link your NRIC to your Paynow
👍 0

Investments

Standard Chartered Online Trading

Stocks Discussion

Online Brokerages

FSM One

Which would you choose Fsmone or SCB?
Andy Sim
Andy Sim, HR Professional at a Financial Institution
Level 7. Grand Master
Answered on 01 Apr 2020
Would choose either fsm or Saxo for their low fees
👍 0

Stocks Discussion

Online Brokerages

Brokerages

Hi, I am looking for a CDP-Based brokerage account. Any recommendations?
Andy Sim
Andy Sim, HR Professional at a Financial Institution
Level 7. Grand Master
Answered on 01 Apr 2020
DBS Vickers Cash upfront account for buy trades only (goes to your cdp account) and FSMOne to sell from your cdp
👍 1
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