Should I invest with Syfe or Stashaway? - Seedly
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Zac

Asked on 17 Jul 2020

Should I invest with Syfe or Stashaway?

So I’m looking into robos now and these seem to be the most popular options, any recommendations on which one would be a better fit for someone like me who has $2000 to invest?

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Tan Wei Ming
Tan Wei Ming, Writer at Frugal Youth Invests
Level 7. Grand Master
Answered on 19 Jul 2020

Both Syfe and Stashaway are equally good. If I were you, I would really go for Syfe as Syfe really listens to what investors want. For example, their Syfe+ for the REIT exposure or equity100 for more risky portfolio.

For a balanced portfolio, I might have two portfolio, one that has higher risk such as the equity100 and a lower risk level one which include commodity and bonds.

The point is just having $2000 alone is not enough to grow your wealth, you need to continue to put in more money. So it is important that when you invest, you have recurring income that you allocate for investment.

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Zac

19 Jul 2020

I do understand that $2000 is quite a small amount. But for now, I would like to keep building up my capital for further investments, and while I am building up my capital for investments I would still like the opportunity to grow some of the money rather than leaving it to sit in my bank account at a dismal interest rate
Tan Wei Ming
Tan Wei Ming

19 Jul 2020

Yeap so my point is so long you have the recurring income and you have allocated the sum for investment, it is a good start.
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Kevin
Kevin
Level 4. Prodigy
Updated on 19 Jul 2020

Hi Zac

Perhaps one way to determine which Robo-advisor you could use is through Crunchbase, I’ve found the two company’s and their respective funding amount.

Syfe: www.crunchbase.com/organization/syfe

Stashaway: www.crunchbase.com/organization/stashaway

Some of the things we could see is that Stashaway has more funding and a longer track record having started in 2017 as opposed to 2018, their company rank of 4777 also beat Syfe’s rank of 11960.

All the best.

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