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Anonymous

28 Sep 2020

Robo-Advisors

Should I try crypto or Syfe next?

Hi, I am a beginner investor(currently a student but working a lot during the hols to earn some $$$). So far I have a RSP in DBS and also invested a bit in Stashaway. I’m wondering if I should try crypto or invest with Syfe next.... I know they’re like two totally different things but any advice?

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Syfe

28 Sep 2020

Hey there! As Kenny mentioned, it is important to consider your financial objectives when deciding what investments will best suit you. Equally important is to understand your risk tolerance and investing timeframe.

Generally, there are quite a number of risks associated with cryptocurrencies. They are not regulated by MAS. They are not legal tender or securities. If you want to proceed, do make sure you fully understand the benefits and risks of crypto.

As for Syfe, you may want to consider our Equity100 or REIT+ portfolios as a diversification from the ones you currently have.

Equity100 is a 100% stock portfolio that investors with a long investing horizon and high risk appetite may find suitable. You'll be invested in growth stocks like Microsoft, Amazon, Apple and more.

REIT+ is a Singapore REIT portfolio. If you are looking to earn dividends, this may be interesting for you. You'll get to own 20 S-REITs such as Ascendas REIT, CapitaLand Mall Trust, Mapletree Industrial Trust and more within one portfolio.

Hope this helps!

Ask yourself, what are you financial goals? (why do you want to go into crypto? why do you want to go into Syfe?)

Are you looking for a building your investments for financial freedom? Or do you think crypto can "get you rich" fast?

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