Asked 2w ago
Will Syfe's REIT portfolio be a good place to stash this small amounts of cash (currently at $1k now with very irregular additions of $50-100 every 1 or 2 months)? So that even if there is no inflow of cash for a period of time, the current holdings will still continue to accumulate dividends.
Any other suggestions?
Great minds think alike! I DCA $50 into my REITS portfolio in Syfe every month.
for even more random earnings, like from SoCash cashbacks and Google Pay cashback, I transfer them into my SRS account, despite the hassle. Yes, you can make a top-up of $1 to your SRS!
For me, I usually put the money in a seperate high yield savings account (SCB Jumpstart, Singlife), where I know I won't spend the money. Until I want to invest, that's when I take it out, combined with savings from other avenues to invest.
Yougov gives cash in paypal, so it's just in my paypal account now. I don't know when I'm going to use it but it's good for me since I don't really want to spend it.