I have 25k to invest for a period of about 20 years or more. I am not interested in actively doing it myself, hence is it better to go with iFast agent, Syfe, or Stashaway? Or any others to recommend? - Seedly
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Asked on 01 Oct 2020

I have 25k to invest for a period of about 20 years or more. I am not interested in actively doing it myself, hence is it better to go with iFast agent, Syfe, or Stashaway? Or any others to recommend?

According to the agent, the fees for iFast are about 1-3% pa. It is relatively high and so wondering if it's worth it to pay for someone to manage it? Or should I just stick to Syfe/Stashaway?

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Yoong Keng Guan

Yoong Keng Guan

Level 3. Wonderkid

Answered on 13 Oct 2020

Hello,

It seems like you have already planned to invest for a period of 20 years or more. If that is the case, then you should not be worried about the fees too much at all!

In most of these platforms, it seems like there are 2 types of fees. One time fee and also recurring fees. However, for a period of 20 years, I think that your main concern should not be the fees and rather how safe is your investment. I think it might be a better option to diversify your investment into a few several platforms and avoid overlapping the type of investments you make on each platform.

Look at the returns in a longer period of time rather than focusing too much on the fees. Since you do not want to actively manage your portfolio, these are the payments that you cannot avoid, it is just paying for a service. Review your investments year after year and as long as you are satisfied with the returns you can carry on. ​​​

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Mandino Tan

Mandino Tan

Level 4. Prodigy

Answered on 13 Oct 2020

Well, it depends.

you might need to pay 1-3% but get higher returns overall.

Robo, you don't get the personal engagement and understand in what you're investing in.

So you can weight your concerns:

1) Paying "high" fees

2) Investing into robo advisory w/o support​​​

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Daniel Kok

Daniel Kok

Level 6. Master

Answered on 05 Oct 2020

Been DCA in SYFE REITS and equity portfolio now for 4 months. Pretty decent! Trying to hit the 20k mark soon for slightly lower cost. :)

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