StashAway just got another new UI overhaul!
The graph is now much more interactive and it allows you to look at historical portfolio value. In addition, there are now 2 distinct lines/plots that show your investment/capital (net deposit) VS the market value.
We have decided to invest more money (from $500 to $1,000 monthly) through StashAway since January 2018 and I blogged about it here - Automating Capital Growth Through StashAway.
1. ACCOUNT SUMMARY (as of the last day of the month)
Based on the statement (30 Apr 2018), we lost -$31.49.
3. TRANSACTIONS
SGD $990.00 converted to USD $745.45 (USD $756.24 last month)
Exchange Rate: 1.3280 (1.309072 last month)
4. FEE CALCULATIONS
This month update took longer because I stopped blogging after I see a fee being charged and went to drop support@stashaway an email! lol. They have gotten back with a $5 management fee credit. Technically, it should never happen to anyone of you. My account was "dirty" because I asked them if it is possible to refer my readers by masking my real name so they tried to do some stuff behind the scene. As a result, my actual referral got affected.
There should be no fee until August 2018 because I recommended some friend. Interestingly, we can see the GST stated as being absorbed by StashAway explicitly in this month statement. Not sure how it works but investors will not complain as long as they are not asked to pay more fees.
The actual fee as stated is based on the monthly-average assets SGD $6,137.37 x 0.8% / 365 days * 30 days = $4.04
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 Nikko STI ETF/SPDR STI ETF using SCB Priority Online Trading (no minimum commission). These would be the opportunity costs while we continue to invest in StashAway.
Apart from the absolute P&L, we should also look at the Reward-to-Risk Ratio where risk/volatility is taken into account. For more information, do read StashAway Clarifications - Reward-to-Risk Ratio. StashAway has the highest ratio of 1.25 which is significantly higher than the other 2 STI ETFs (< 0.4). Let me quote Freddy Lim (Co-Founder & Chief Investment Officer of StashAway), "for every dollar of risk taken, StashAway P28 is producing 1.25 times the return".
This month commentary: It has been a while since I see green green. Investing in STI ETF would have given me an average of ~3% return in terms of absolute PnL while StashAway only has 0.6% return. However, comparing absolute PnL is not very meaningful. Hence, I have added XIRR comparison. XIRR gives the annualized return and we can see that there is a difference of ~10% return between StashAway and SCB Priority Online Trading (NIKKO STI ETF)!
This month is also interesting because the commissions/fees incurred by StashAway are now greater than SCB Priority Online Trading and the difference will only continue to increase going forward. This will be a battle between cheaper/lesser fees and asset allocation/diversification...
You might be interested in last month update too - March 2018.
I believe there is a need to redo/regenerate the volatility used to compute the Reward-to-Risk Ratio. Do take it with a pinch of salt for now. I have been compiling some data in order to do so :)
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.
StashAway Referral Link for Our Readers
Here you go: KPO and CZM Referral Link
Do like any of the following for the latest update/post!
1. FB Page - KPO and CZM
2. Twitter - KPO and CZM
3. Click here to subscribe using email :)
4. Instagram - KPO_and_CZM (Did you see those delicious food photos to the right -->)
The graph is now much more interactive and it allows you to look at historical portfolio value. In addition, there are now 2 distinct lines/plots that show your investment/capital (net deposit) VS the market value.
We have decided to invest more money (from $500 to $1,000 monthly) through StashAway since January 2018 and I blogged about it here - Automating Capital Growth Through StashAway.
1. ACCOUNT SUMMARY (as of the last day of the month)
Based on the statement (30 Apr 2018), we lost -$31.49.
As of 4 May 2018, we lost -$9.16 mostly with a positive currency impact of $3.89. I am kinda sad that USD has recovered so quickly. Definitely would have preferred it to stay lower at least till the end of this year after we return from our US honeymoon :(
SGD time-weighted returns: -0.3%
USD time-weighted returns: -0.4%
2. PORTFOLIO DETAILS USD time-weighted returns: -0.4%
3. TRANSACTIONS
SGD $990.00 converted to USD $745.45 (USD $756.24 last month)
Exchange Rate: 1.3280 (1.309072 last month)
This month update took longer because I stopped blogging after I see a fee being charged and went to drop support@stashaway an email! lol. They have gotten back with a $5 management fee credit. Technically, it should never happen to anyone of you. My account was "dirty" because I asked them if it is possible to refer my readers by masking my real name so they tried to do some stuff behind the scene. As a result, my actual referral got affected.
There should be no fee until August 2018 because I recommended some friend. Interestingly, we can see the GST stated as being absorbed by StashAway explicitly in this month statement. Not sure how it works but investors will not complain as long as they are not asked to pay more fees.
The actual fee as stated is based on the monthly-average assets SGD $6,137.37 x 0.8% / 365 days * 30 days = $4.04
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 Nikko STI ETF/SPDR STI ETF using SCB Priority Online Trading (no minimum commission). These would be the opportunity costs while we continue to invest in StashAway.
Apart from the absolute P&L, we should also look at the Reward-to-Risk Ratio where risk/volatility is taken into account. For more information, do read StashAway Clarifications - Reward-to-Risk Ratio. StashAway has the highest ratio of 1.25 which is significantly higher than the other 2 STI ETFs (< 0.4). Let me quote Freddy Lim (Co-Founder & Chief Investment Officer of StashAway), "for every dollar of risk taken, StashAway P28 is producing 1.25 times the return".
This month commentary: It has been a while since I see green green. Investing in STI ETF would have given me an average of ~3% return in terms of absolute PnL while StashAway only has 0.6% return. However, comparing absolute PnL is not very meaningful. Hence, I have added XIRR comparison. XIRR gives the annualized return and we can see that there is a difference of ~10% return between StashAway and SCB Priority Online Trading (NIKKO STI ETF)!
This month is also interesting because the commissions/fees incurred by StashAway are now greater than SCB Priority Online Trading and the difference will only continue to increase going forward. This will be a battle between cheaper/lesser fees and asset allocation/diversification...
You might be interested in last month update too - March 2018.
I believe there is a need to redo/regenerate the volatility used to compute the Reward-to-Risk Ratio. Do take it with a pinch of salt for now. I have been compiling some data in order to do so :)
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.
StashAway Referral Link for Our Readers
Here you go: KPO and CZM Referral Link
Do like any of the following for the latest update/post!
1. FB Page - KPO and CZM
2. Twitter - KPO and CZM
3. Click here to subscribe using email :)
4. Instagram - KPO_and_CZM (Did you see those delicious food photos to the right -->)
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