$$$ KPO and CZM $$$: A Look Into StashAway Monthly Statement

Tuesday, September 12, 2017

A Look Into StashAway Monthly Statement

We have finally received the August monthly statement from StashAway! Immediately KPO went into excel/spreadsheet mode and generated MULTIPLE spreadsheets. We received the statement last Friday but was too busy window shopping at bridal shops over the weekend. Hence, this article got delayed.

I felt that this article would be extremely useful for those that are new to StashAway or considering to use it. There are 5 sections in the statement and they are as follows:

1. ACCOUNT OVERVIEW (as of the last day of the month)

You will be able to see the amount of USD invested in securities/ETFs together with the cash (USD and SGD). The total value is displayed in SGD based on the exchange rate provided by Saxo on the last day of the month.


You will be able to see your position at the first day of the month vs the position at the last day of the month. The closing positions in August will become the opening positions in September.

3. CASH BREAKDOWN (self explanatory)


I have a love and hate relationship with this section. One of the most annoying thing when I was first started using StashAway's platform is that there is no information on the average cost price. As a result, I have no idea/visibility as to which ETF is the one making/losing money and it felt like a blackbox. However, with the above information, I can compute the average cost price for each ETF myself and was able to tally the numbers on my spreadsheet (modified based on Investment Moat Portfolio Tracker) with what is shown in their platform.

At one glance, I can easily tell that Consumer Discretionary Select Sector SPDR Fund is losing money.
The thing which I still hate is that the spot/exchange rate for the conversion of SGD to USD is not being captured in the transactions or anywhere in the platform!


The fees are deducted on a monthly basis based on a monthly average.

Since there is no way to compare the performances among the robo-advisors, I came out with a spreadsheet to track our StashAway portfolio performance (General Investing - Risk Level 28) against that of STI ETF which I will be updating on a monthly basis. For simplicity, I shall assume that one can either invest in Nikko STI ETF using POSB Invest-Saver or invest in SPDR STI ETF using SCB Priority Online Trading (no minimum commission). These would be the opportunity costs while we continue to invest in StashAway.

Which is the best? Only time will tell :)

This is the link to our spreadsheet - KPO & CZM StashAway Portfolio VS STI ETF which I have also added to Our Portfolio page.

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  1. My wife has a similar StashAway robo-advisor account to yours set at General Investing - Risk Level 28. I just set one up as well since I'm interested to see whether it can outperform the POSB Invest-Saver with the same monthly contributions of S$100 to both.

    1. Hi Finance Smiths,

      I guess we are all aggressive risk takers ;) Based on StashAway's Asset Allocation Framework, it should technically always outperform POSB Invest-Saver in the long run.

      Is yours set at General Investing - Risk Level 28 too? Would you be interested in tracking it with me so we have more data points?

  2. Hi KPO,

    Wondering how you got fees of 0.04% for StashAway as it appears as 0.2%-0.8% online?

    1. Hi Gareth,

      The fees (0.2% - 0.8%) on their site are annual fees. However, StashAway charges the fees on a monthly basis. In my case, it should be 0.8% / 12 months = 0.0667% and as shown on my statement, it was around $0.37 for $548.37.

      On the other hand, what is shown on my spreadsheet is a simple % of the fees that have been incurred VS the invested capital. As time passes and the invested amount gets larger, the total fees paid will increase overtime (It is currently 0.07%, $1.03 fees in total).

      Do drop by https://kpo-and-czm.blogspot.sg/p/our-portfolio.html to get the latest update!