Anonymous

16 Jun 2020

∙

How can I edit lumpsum deposit or monthly deposit on the Syfe dashboard? I deposited 100 initially and if i plan to deposit another 200, do i need to edit the dashboard or can i just add funds directly?

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d c

16 Jun 2020

Hi! You can just add your funds directly.

If I'm not wrong, the dashboard values are just for you to get a gauge of your estimated returns and portfolio after a certain number of years.

I'm also a user of SYFE, and I definitely didn't adhere to my monthly deposit/lump sum deposit amount haha.

I think this is also an advantage of SYFE, as it allows investing to be free and easy!

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I’ve just placed a lump sum of $500 into syfe and plan to DCA $100-$200 each month. How does DCA work? Will there be a specific deduction date? Do i need to set up GIRO?

How does one invest syfe equity 100? Does he/she direct transfer fund from bank SGD to let Syfe to convert to USD or use Revolut to convert to USD then fund in Syfe?

Do we need to invest $500 monthly if we want to invest in SSB? Or we can just pay a one time off thing of $500 in the initial phase and invest another $500 in the near future?

How does one evaluate which regular share saving plans to go for either 200 or 100 sgd per month for overseas ETFs?

I’ve just started working and with that I also started learning how to invest. Currently, my plan is to RSP $100 into STI ETF, Stashaway and Syfe per month. Would that be a good starting point?