One of the big news last month was the closure of one of the robo-advisers, Smartly - Singapore robo-adviser Smartly folds business. It was very unfortunate for people that invested with Smartly because they will have to realize their losses at a very bad time. On the other hand, it shows that when these robo-advisers close shop, they will not run away with your money which has always been a big worry for investors.
People also started asking if this will happen to other robo-advisers such as StashAway/Endowus. As far as I can tell, definitely not anytime soon. Similarly, there were telltale signs that Smartly is not doing well. Firstly, they have stopped innovating or introducing new products for a long period of time when StashAway and Endowus have ventured into investing using SRS/CPF. In addition, both StashAway and Endowus have been very active in terms of engaging investors through their blog articles/insights/webinars. Lastly, I think the biggest red flag was when Smartly stopped accepting deposit/investment in November last year.
Take a look at the latest update by StashAway CEO, Michele Ferrario - An Update from Our CEO: 26 March 2020.
Anyway, we have 3 portfolios on 2 accounts now due to our new strategy - New Strategy: StashAway + Supplementary Retirement Scheme (SRS):
KPO and CZM Cash - StashAway Risk Index 22%
Based on the statement (29 Feb 2020), KPO lost $964.04 and CZM lost $19.63 for the month.
As of 3 Apr 2020, these are our portfolio performance:
KPO and CZM Cash - StashAway Risk Index 22%: $22,753.42 (2.05% - Capital: $22,500)
KPO SRS - StashAway Risk Index 36%: $4,479.86 (-24.02% - Capital: $5,000)
CZM SRS - StashAway Risk Index 14%: $3,244.95 (-0.32% - Capital: $3,250)
From here, you can see the difference in volatility/losses based on both our SRS accounts which started around the same time but with vastly different risk.
2. PORTFOLIO DETAILS
Note that these are reported in USD.
3. FEE CALCULATIONS
The fee stated is based on the monthly-average assets SGD $20,015.87 x 0.8% / 366 days * 29 days = $12.69.
We used Grab points to redeem for StashAway credits last year (1,200 points for $5 credit) but I believe it is no longer available.
StocksCafe
Looking at the time-weighted return (-4.18%), we can see that StashAway Risk Index 22% is "outperforming" the STI ETF (including fees) in the sense that it is not losing as much. In addition, it has a lower max drawdown but with slightly higher volatility.
Similarly, StashAway Risk Index 22% is also outperforming the SPY (SPDR S&P 500 ETF Trust) with much lower volatility and max drawdown.
Which is the best? Only time will tell :)
Here you go: KPO and CZM Referral Link
If you are interested in the smart portfolio tracker (StocksCafe) which I am using as shown above, sign up using my link for a longer trial period :) Refer to our Referrals page for more information.
You might be interested in previous months update too:
- StashAway - January 2020 - $31,742.42
- StashAway - February 2020 - $31,499.69
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 --> Unfortunately, you can't see it on mobile.)
People also started asking if this will happen to other robo-advisers such as StashAway/Endowus. As far as I can tell, definitely not anytime soon. Similarly, there were telltale signs that Smartly is not doing well. Firstly, they have stopped innovating or introducing new products for a long period of time when StashAway and Endowus have ventured into investing using SRS/CPF. In addition, both StashAway and Endowus have been very active in terms of engaging investors through their blog articles/insights/webinars. Lastly, I think the biggest red flag was when Smartly stopped accepting deposit/investment in November last year.
Take a look at the latest update by StashAway CEO, Michele Ferrario - An Update from Our CEO: 26 March 2020.
Anyway, we have 3 portfolios on 2 accounts now due to our new strategy - New Strategy: StashAway + Supplementary Retirement Scheme (SRS):
KPO and CZM Cash - StashAway Risk Index 22%
KPO SRS - StashAway Risk Index 36%
CZM SRS - StashAway Risk Index 14%
1. PORTFOLIO SUMMARY (as of the last day of the month)
1. PORTFOLIO SUMMARY (as of the last day of the month)
 |
| KPO |
 |
| CZM |
Based on the statement (29 Feb 2020), KPO lost $964.04 and CZM lost $19.63 for the month.
KPO and CZM Cash - StashAway Risk Index 22%: $22,753.42 (2.05% - Capital: $22,500)
KPO SRS - StashAway Risk Index 36%: $4,479.86 (-24.02% - Capital: $5,000)
CZM SRS - StashAway Risk Index 14%: $3,244.95 (-0.32% - Capital: $3,250)
From here, you can see the difference in volatility/losses based on both our SRS accounts which started around the same time but with vastly different risk.
2. PORTFOLIO DETAILS
Note that these are reported in USD.
 |
| KPO and CZM Cash - StashAway Risk Index 22% |
 |
| KPO SRS - StashAway Risk Index 36% |
 |
| CZM SRS - StashAway Risk Index 14% |
3. FEE CALCULATIONS
 |
| KPO |
The fee stated is based on the monthly-average assets SGD $20,015.87 x 0.8% / 366 days * 29 days = $12.69.
 |
| CZM |
The fee stated is based on the monthly-average assets SGD $3,035.60 x 0.8% / 366 days * 29 days = $1.92.
We used Grab points to redeem for StashAway credits last year (1,200 points for $5 credit) but I believe it is no longer available.
StocksCafe
Looking at the time-weighted return (-4.18%), we can see that StashAway Risk Index 22% is "outperforming" the STI ETF (including fees) in the sense that it is not losing as much. In addition, it has a lower max drawdown but with slightly higher volatility.
Which is the best? Only time will tell :)
Here you go: KPO and CZM Referral Link
If you are interested in the smart portfolio tracker (StocksCafe) which I am using as shown above, sign up using my link for a longer trial period :) Refer to our Referrals page for more information.
You might be interested in previous months update too:
- StashAway - January 2020 - $31,742.42
- StashAway - February 2020 - $31,499.69
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 --> Unfortunately, you can't see it on mobile.)
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