You will see a change in 'Total invested' and 'All portfolios return' on the account summary page if you have dormant portfolios, and if your reporting currency in the app is in SGD.
There will be no changes to:
1) Current Value of your investments
2) Portfolio Holdings
3) Individual Portfolio Pages
4) Syfe Pricing Tier
Glossary
Current Value: Total market value of all active portfolios based on last closing prices
Total Invested: Overall funds transferred in less funds transferred out from your Syfe account
All Portfolios Return: Current value less total invested amount
Dormant portfolio: A previously funded investment portfolio from which you have made a full withdrawal
Active portfolio: A portfolio that is currently funded
Understanding the formula change
Example 1: Dormant portfolio has made a profit.
You see a lower Total Invested amount and higher All Portfolios Return after the update.
Suppose you transferred $10,000 each into investment portfolios X and Y. Portfolio Y made a gain of $100 while the value of Portfolio X remained the same.
- Current Market Value of Portfolio X: $10,000
- Current Market Value of Portfolio Y: $10,100
You then made a full withdrawal from Portfolio Y (making it dormant) and transferred the proceeds to Portfolio X.
Before the formula update, you will see these figures on your account summary page.
- Current Value: $20,100
- Total Invested: $20,100
- All Portfolios Return: $0
After the formula update, you’ll see these data on your account summary instead.
- Current Value: $20,100
- Total Invested: $20,000
- All Portfolios Return: $100
Before the formula update, Total Invested was shown as $20,100 and All Portfolio Returns as $0 due to the exclusion of dormant accounts. The new formula corrects this by showing the Total Invested as $20,000 (amount you actually transferred to Syfe) and All Portfolio Return shows a profit of $100 realized from Portfolio Y.
Example 2: Dormant portfolio has made a loss.
You see a higher Total Invested amount and lower All Portfolios Return after the update.
Let’s say you transferred $10,000 each into investment portfolios A and B. Portfolio B made a loss of $100 while the value of Portfolio A remained the same.
- Current Market Value of Portfolio A: $10,000
- Current Market Value of Portfolio B: $9,900
You then made a full withdrawal from Portfolio B (making it dormant) and transferred the proceeds to Portfolio A.
Before the formula update, you will see these figures on your account summary page.
- Current Value: $19,900
- Total Invested: $19,900
- All Portfolios Return: $0
After the formula update, you’ll see these data on your account summary instead.
- Current Value: $19,900
- Total Invested: $20,000
- All Portfolios Return: - $100
Before the formula update, Total Invested was shown as $19,900 and All Portfolio Returns as $0 due to the exclusion of dormant accounts. The new formula corrects this by showing the Total Invested as $20,000 (amount you actually transferred to Syfe) and All Portfolio Return shows a loss of $100 from Portfolio B.
