facebookIs REIT+ on Syfe a good dividend investment portfolio in the long run if I plan to invest $1000 per month in it for the next 15-20 years? are there better alternatives? - Seedly

Anonymous

08 Sep 2020

General Investing

Is REIT+ on Syfe a good dividend investment portfolio in the long run if I plan to invest $1000 per month in it for the next 15-20 years? are there better alternatives?

Is REIT+ on Syfe a good dividend investment portfolio in the long run if I plan to invest $1000 per month in it for the next 5-10 years?

Is it sufficient to be a strategy to earn passive income in the future by investing in REIT+ with syfe?

Is syfe roboadvisor sustainable and can last the next 20 years or more?

Should I save up to individually pick and buy dividend stocks instead eventually under a CDP account which is probably safer?

Discussion (2)

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Why don't you just buy the top REITS on SGX directly. That way you don't need to pay any fees to Syfe for doing something that you can easily do yourself.

Syfe

08 Sep 2020

Hello, thanks for your interest in Syfe REIT+. If you're investing for the long-term, this is a portfolio you can consider.

Syfe REIT+ tracks the SGX's i-Edge S-REIT 20 index, which measures the performance of the 20 largest and most tradable REITS in Singapore. Your REIT exposure is instantly diversified across all sectors from commercial, retail, healthcare to logistics and data centres.

The dividend yield is attractive as well. The REIT+ portfolio had a dividend yield of 5.1% for 2019. To boost your returns, dividends are automatically reinvested for you too. According to Syfe's calculations, if you reinvest your dividends, you could end up with an extra 0.5% in returns.

Moreover, there is no minimum investment to get started, and no buying and selling transaction fees. If you are planning to invest regularly, REIT+ is more cost effective than buying individual REITs.

Regarding security, Syfe has stringent measures in place to safeguard your funds.

Syfe is licensed by the Monetary Authority of Singapore (MAS), and we hold a Capital Markets Services (CMS) License for retail fund management. As a CMS license holder, we have met all the requirements and standards set by MAS to prevent a bankruptcy event from happening. This includes meeting the minimum capital requirement, as well as audits and compliance to ensure that Syfe has sufficient daily cash flow to meet all operational needs.

Funds in your Syfe account are held in a Trust Account in DBS Bank while your investments are kept in a Custodian Account through Saxo Capital Markets. These are held separately from Syfe’s assets. This means that Syfe will never be able to use your funds and assets, even in the very unlikely event that Syfe stops operating.

In that unlikely scenario, we will work together with Saxo Capital Markets under the supervision of MAS to ensure the orderly transfer of assets to another licensed fund manager, or the return of all assets and funds to our customers. Customers will be able to choose their preferred means.

Lastly, do note that all clients are free to withdraw their money any time they wish. Syfe does not impose any exit penalties or lock-in periods, so clients are genuinely able to access their money any time.

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