Monday, November 13, 2017

StashAway - October 2017

October has been an excellent month for stocks, high gets higher! Our portfolio benefited from it - Portfolio Update - October 2017. StashAway is no different, we had a much better return compared to the previous month - StashAway - September 2017.

One thing to note is that StashAway has changed their web interface and introduced mobile application - StashAway Just Got Better! (Mobile App + New Interface). The change can also be seen in the monthly statement.

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


Returns have been broken down into "Portfolio Returns" and "Currency Impact". Exchange Rates are captured for both "Opening Balance" and "Closing Balance" giving investors much more visibility into their money/investment. Our capital is $2,000 so there is a $20.14 gain.

2. PORTFOLIO DETAILS 


We can finally see the P&L for the underlying ETFs!

3. TRANSACTIONS



Dividends!

4. FEE CALCULATIONS


I recommended/referred a friend to invest and will be enjoying fee waiver for the next 6 months :) Technically, it is only $10,000 managed for free but I do not foresee us reaching/exceeding that in the next 6 months.


In my opinion, these are all welcome changes and a testament to StashAway's commitment in providing the best platform by listening to feedback from their users/bloggers - A Coffee Session with Michele Ferrario - CEO of StashAway and Finance Smiths: StashAway Open Discussion. We were invited too but decided not to attend. We might attend if it is a masquerade ball. lol.

StashAway VS STI ETF
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.


This month commentary: Interestingly, both STI ETFs are generating a much higher return than StashAway after fees. Although our StashAway account will not be incurring any fees till next year April, I will continue to add fees (estimated by taking the monthly-averaged assets x 0.8%/12 months) to the spreadsheet for better comparison. It is worth noting that the fees incurred by StashAway will probably exceed that of SCB Priority Online Trading soon.

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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