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Evan

05 May 2020

Robo-Advisors

Which is better, Syfe or Stashaway?

Currently I’m illegible for the OCBC robo advisor account, do Syfe and StashAway operate differently?

Imo, I don’t think it’ll be feasible for me to have both accounts, as they'll just invest in the same things. It won' t make sense for me to pay extra fees just to have multiple accounts.

And also... do I have to pay tax?

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This post is no longer accepting new comments because it has been merged with May someone kindly explain the difference between Syfe and Stashaway in layman terms?

Discussion (7)

Its good to focus on one robo advisor as 2 will be too confusing for you. Pls also do take note of the price before you invest in any robo advisor. No, you don have to pay tax.

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Dhruv Arora

26 Feb 2020

Founder & Chief Executive Officer at Syfe

Hi Evan, as you look deeper into this topic, perhaps I can share more about Syfe's proprietary investment methodology ARI (Automated Risk-managed Investing). Your Syfe investing journey starts with you taking our Risk Assessment to better understand your risk profile. ARI then builds you a personalised investment portfolio, allocating assets which have shown the best return for your risk profile. Thereafter, ARI continually monitors your portfolio to keep your portfolio risk in line with your desired risk level. During periods of high market volatility (like the current market for instance), ARI will adjust your portfolio allocation, reducing your exposure to higher-risk assets and increasing the percentage of lower-risk assets in your portfolio to cushion against losses and help you stay invested for the long haul.

Our Head of Portfolio Construction, Richard Yeh, wrote a piece for The Business Times our risk-based rebalancing strategy in detail: https://www.businesstimes.com.sg/investing-weal...

In terms of what Syfe invests in, we currently have two offerings. Our Global Portfolio comprises ETFs diversified across geographies, sectors and asset classes. Though you can invest in both SGD or USD, our end investments are held in USD. Our REIT+ portfolio is a SGD-denominated portfolio that contains 15 quality SGX-listed REITs combined with Singapore Government Bonds for high yield and better risk-adjusted performance. You can find more details here: https://www.syfe.com/sample-portfolio and https://www.syfe.com/reit-plus

On taxes, you won’t be taxed on capital gains. While there is a 30% withholding tax on the dividends from certain US ETFs, this would be applicable even if you trade them yourself. What is more important is to note that gold ETFs do not pay dividends, so there will be no withholding tax. For treasury ETFs, we actually claim back the withholding tax for you. No action is required on your end as our partner broker will automatically claim this amount for you and your account will be credited accordingly.

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All the robo advisor operate in similar way. StashAway is focus on US market and Syfe is more to glo...

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