With the advent of roboadvisors, ordinary folks can venture into the big bad world of investing even if they don't have deep pockets. In the past, investing was an activity reserved for the affluent, but these days, investing enthusiasts can start investing with $50-100 every month.
I have previously invested some money with Syfe - a roboadvisor that is growing in popularity in Singapore - because it boasts a portfolio that is like an index that tracks the top Real Estate Investment Trusts in Singapore. I don't know about you but I'm an easily contented investor. Regularly paid dividends are already sufficient to make me happy and keep my motivation level soaring.
In view of the abysmally low interest rate environment nowadays, I was searching for options to park my extra cash. Cash that I don't necessarily want to keep so close to me but can't let go of entirely (because I'm just paranoid that my rainy day funds and emergency funds are not that robust). So, while I have safeguarded some money in the form of fixed deposits and even insurance savings plans, I am galvanized to search for more profitable, yet low-risk options.
Syfe offers a cash management portfolio which is basically made up of money market and short duration bond funds. Money market funds are a kind of mutual funds that aim to invest my money in high-quality and short-term debt instruments. I was thinking that I could deposit some money in this Cash+ portfolio so as to earn that teeny weeny higher bit of interest. When I feel more secure about the size of my rainy day funds and emergency funds, I will then transfer the cash in this Cash+ portfolio to my REITs portfolio.
So I opened up a Cash+ portfolio and deposited $100 into it. Watch this space as I monitor how the money market funds are doing in the market!
You may wish to sign up with Syfe using my referral code (SRPTXDRBM) and you will get to try its services for free!
This post first appeared on my personal blog. Yes, I know that you can't invest in Syfe from where you are from, but well, why not earn a bit of crypto by posting the article here, right? Haha. Also, I like to ask if money market funds constitute a significant part of your financial portfolio.
