Ever since I went down the crypto DeFi rabbit hole, closing our StashAway portfolio was inevitable. I toyed with the idea 2 months back (StashAway - May 2021) but CZM was not convinced and I did not have much conviction then.
Everything changed when I deep dived into Terra, the thing with all the different networks is they are all trying to be better than Ethereum (faster, cheaper, etc.) but not Terra. Terra wanted to provide a truly decentralized stablecoin (algorithmic) UST and built its network/application around UST. Due to the unique relationship between LUNA and UST, the increased demand/adoption of UST will result in an increase in the price of LUNA due to its decreasing supply. Hence, the path to $$$ has never been more straightforward/clear. As such, I have sold almost everything in BSC, Polygon (even BTC), Fantom, Avalanche, moved the money into Terra and LUNA has now become the biggest holding in our portfolio (~10%).
You can read some of my previous articles:
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| Withdrawal initiated today (24th August 2021) |
I will probably blog and elaborate more about the decision to withdraw/close our StashAway Risk Index 22% portfolio separately if I can find the time :)
Investment for this month:
KPO and CZM Cash - StashAway Risk Index 22% - $1,500
Baby Ong Cash - StashAway Risk Index 36% - $100
KPO and CZM Cash - StashAway Risk Index 22% - $1,500
Baby Ong Cash - StashAway Risk Index 36% - $100
KPO SRS - StashAway Risk Index 36% - $638
Total: $2,238
1. PORTFOLIO SUMMARY (as of the last day of the month)
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| KPO |
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| CZM |
Based on the statement (31 July 2021), our total investment is $73,355.47! KPO lost $1,905.93 and CZM lost $109.74 for the month.
As of 23 August 2021, these are our portfolio performances:
As of 23 August 2021, these are our portfolio performances:
Baby Ong Cash - StashAway Risk Index 36%: $612.51 (-9.10% - Capital: $650)
KPO SRS - StashAway Risk Index 36%: $17,185.89 (36.70% - Capital: $15,616)
CZM SRS - StashAway Risk Index 22%: $6,371.22 (22.33% - Capital: $6,000)
2. PORTFOLIO DETAILS
Note that these are reported in USD.
Note that these are reported in USD.
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| KPO and CZM Cash - StashAway Risk Index 22% |
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| Baby Ong Cash - StashAway Risk Index 36% |
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| KPO SRS - StashAway Risk Index 36% |
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| CZM SRS - StashAway Risk Index 22% |
3. FEE CALCULATIONS
The fee stated is based on the monthly-average assets SGD ($25,000.00 x 0.8% + $25,000.00 x 0.7% + $16,575.57 x 0.6%) / 365 days * 31 days = $40.30.
The fee stated is based on the monthly-average assets SGD $6,565.24 x 0.8% / 365 days * 31 days = $4.46.
StocksCafe
Evan (founder of StocksCafe) made an improvement where one can now benchmark their portfolio against multiple indexes/ETFs. Looking at the time-weighted return (1.68%) for the year 2021, we can see that StashAway Risk Index 22% is underperforming all of our benchmarks.
If we compare across the years, StashAway's portfolio is winning by a huge margin (39.34%) against STI but lost to SPY (85.59%) and IWDA (70.68%). In addition, it has the lowest volatility and max drawdown. This is what StashAway meant by reducing risk and maximizing the return.
The annualized return/XIRR of the portfolio is very impressive at 9.28%. Using the Rule of 72 means that the StashAway portfolio will double our money in 72 / 9.28 ~ 7.75 years. In comparison, if left in the bank account at a 2% interest rate, the same money will take 72 / 2 ~ 36 years to double.
As for StashAway Risk Index 36%, the portfolio currently has a higher time-weighted return (46.13%) when compared against all the indexes (STI, SPY, and IWDA) but it is also clear that it is riskier in the sense that both its volatility/max drawdown are much higher when you compare against the benchmark and StashAway Risk Index 22% portfolio. The XIRR is 17.64%. Using the same rule, our money will double in 72 / 17.64 ~ 4.08 years.
Anyway, if you are interested in signing up for StashAway, do use our referral link - KPO and CZM Referral Link. You will get $10,000 free management fees for 6 months and we will get $16!
If you want to extract those transactions information from StashAway, do take a look at this article - StashAway Transactions Parser.
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.
On a side note, Futu's moomoo app sign-up promotion is now slightly different (Pfizer and Haidilao shares are given with deposit and 3 trades each on US and HK markets. T&C here) and has been extended to 19:59 hrs SGT, 31st August 2021! As part of the collaboration, I will be giving away 5 moomoo 'neck-fix and chill' pillow (not for sale but can be redeemed in the app) to 5 randomly chosen readers who signed up through our referral link for this month! More information can be found here - Futu's moomoo August Campaign + Merchandise Giveaway!
You might be interested in previous months update too:
- StashAway - December 2020 - $56,721.26
- StashAway - January 2021 - $59,991.38
- StashAway - February 2021 - $61,608.72
- StashAway - March 2021 - $64,759.72
- StashAway - April 2021 - $67,210.58
- StashAway - May 2021 - $70,178.91
- StashAway - June 2021 - $73,133.14
- StashAway - July 2021 - $73,355.47
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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