Do you want to make your idle cash work harder? Instead of writing about the recently trending topics, today’s post is going to be my review on Syfe Cash+ portfolio which I have been using since the start of the year.
As always, skin in the game – I don’t share any product or service that I don’t personally use. I first got acquainted with Syfe via their REIT+ portfolio which I started investing with during May 2020 (and a second 1-year Syfe review) when the Covid pandemic happened.
Launched with projected returns of 1.75% (non-guaranteed), the numbers have since been revised downwards to 1.5% as a result of changing global outlook.
Yes, it could go down even further. Kyith at Investment Moats has a nice chart on Singapore Savings Bonds (SSB) yields and it looks like 1.5% will hold for now.
To be honest, there is a plethora of options available when it comes to cash management solutions.
Syfe Cash+ does offer one of the higher projected SGD returns but how does it achieve it? And what does it mean for the investors like you and me?
Syfe Cash+ Transactions
I came to know about Syfe Cash+ in December 2020 and I contemplated putting in some of my idle emergency cash to put it to work for me.