Syfe Trade: Why you should sign up for this platform now
Back in mid-December, Syfe, one of Singapore’s most prominent Robo Advisor, announced that it will be launching Syfe Trade. What exactly is Syfe Trade?
Unlike its typical wealth management Robo Advisor platform, Syfe Trade is similar to your typical discount brokerage platform where users can now purchase US stocks and ETFs for as low as $1 in capital.
This is called fractional investing, one where investors NEED NOT purchase 1 share of a counter but could partake in the growth of the company even if he/she owns < 1 share.
Take, for example, Amazon. The current share price of this blue-chip tech company is $3,251 as of 10 Jan 2022. Through a typical brokerage platform, one will need to purchase at least 1 share of Amazon which will cost $3,251, pretty hefty for a beginner investor....