Roboadvisor: Stashaway vs Syfe

[2474265]

Does anyone have commodity ETF(s) in their Syfe portfolio(s)?

The sample portfolio 5% shows 2.27% commodity but there is no commodity ETF in the list of ETFs for the portfolio.

The sample portfolio 15% shows 2.6% commodity but there is no commodity ETF in the list of ETFs for the portfolio.

My portfolio (15% downside risk) shows "3.94% SPDR Gold Shares" I guess that's what they mean by commodity

 

[hellfire88]

May I enquire why you decided to choose Syfe Portfolio 25 to invest in?

This particular Syfe portfolio has 100% Equity, 0% Fixed Income and 0% Commodity for its asset class composition. Any idea how Syfe can rebalance the portfolio "properly" without fixed income and commodity asset classes?

My own portfolio is 17% so I think you can wait for blurpanda to tell you why he choose the 25% one

Interestingly the current downside risk for my portfolio is 15.4% now which is below 17% so I think for 25% portfolio in current market situation, 100% equity probably still gives you less than 25% risk? I guess if the markets become more risky, they will rebalance for you into Fixed Income and Commodity when that happens

 

[Han Shot First]

My portfolio (15% downside risk) shows "3.94% SPDR Gold Shares" I guess that's what they mean by commodity

Yes, SPDR Gold Shares is commodity asset class.

I discovered 2 bugs on Syfe website so far. One bug is that SPDR Gold Shares does not show up as the commodity ETF in the list of ETFs for the portfolio (for both Downside Risk 5% and Downside Risk 15%). The asset allocation for (new) Downside Risk 15% portfolio has also reduced to 2.57% SPDR Gold Shares from your 3.94%. I wonder why Syfe does not re-balance your percentage of gold commodity (although there appears to be a newer optimal allocation).

 

[2474265]

Yes, SPDR Gold Shares is commodity asset class.

I discovered 2 bugs on Syfe website so far. One bug is that SPDR Gold Shares does not show up as the commodity ETF in the list of ETFs for the portfolio (for both Downside Risk 5% and Downside Risk 15%). The asset allocation for (new) Downside Risk 15% portfolio has also reduced to 2.57% SPDR Gold Shares from your 3.94%. I wonder why Syfe does not re-balance your percentage of gold commodity (although there appears to be a newer optimal allocation).

Gold ETF really is missing on website, I have chatted with them just now and they said "they'll check and fix"... Let's see.
[UPDATE] I see the Gold ETF on the website now

I don't think the fact that I have a higher share of Gold in my portfolio is a bug. I guess my risk is still within the range of what I have chosen and therefore there is no reason to rebalance. I won't complain because my returns are good and more gold should make it lower risk...

 

[Han Shot First]

Interestingly the current downside risk for my portfolio is 15.4% now which is below 17% so I think for 25% portfolio in current market situation, 100% equity probably still gives you less than 25% risk? I guess if the markets become more risky, they will rebalance for you into Fixed Income and Commodity when that happens

I think you are (very likely) right.

Any idea how Syfe define a "more risky market"? Seems to me that markets are currently quite risky = volatile.

 

[stupidboiboi]

I'm reading up about this robo advisor thingy and was wondering if I should stop my posb invest saver for 5 yrs and throw my money into stashaway...
My invest saver is like a rsp with $100/mthly. Now has about 6.2k

Is it a good time to switch now?

 

[blurpandasg2014]

I'm reading up about this robo advisor thingy and was wondering if I should stop my posb invest saver for 5 yrs and throw my money into stashaway...
My invest saver is like a rsp with $100/mthly. Now has about 6.2k

Is it a good time to switch now?

I stopped my rsp to convert to robo.
After so many yrs, invest saver didn't really earn much... Even if include dividends, my portfolio is barely positive.

After I converted, I never turned back. Btw I did not sell away my invest saver. Jus left it there for dividends

 

[Han Shot First]

What is the asset allocation for Stashaway Profile 30 portfolio?

 

[livingcharsiew]

Why not go with stashaway? Their mobile app in awesome. I'm able to deposit and transfer $ fast. Finger print sensor login and im able to see my portfolio instantly.

Sent from Samsung SM-G950F using GAGT

why is it important to see your portfolio everyday
if you want exciting you shouldn't be using robo investor

 

[stupidboiboi]

I stopped my rsp to convert to robo.
After so many yrs, invest saver didn't really earn much... Even if include dividends, my portfolio is barely positive.

After I converted, I never turned back. Btw I did not sell away my invest saver. Jus left it there for dividends

Thank you for your advise... Think I will just leave mine there too and start the rsp contribution into robo...

 

[w1rbelw1nd]

What is the asset allocation for Stashaway Profile 30 portfolio?

Don't they autopilot switch as and when they like? Is there a concept of asset allocation in such a case?

 

[unclebutcher]

What is the asset allocation for Stashaway Profile 30 portfolio?

67% US equities 8% SPDR GLD trust 1% cash 23% European equities
Using StashAway 30% risk for my SRS monies

 

[Han Shot First]

I stopped my rsp to convert to robo.
After so many yrs, invest saver didn't really earn much... Even if include dividends, my portfolio is barely positive.

After I converted, I never turned back. Btw I did not sell away my invest saver. Jus left it there for dividends

So which robo-advisor would you recommend?

 

[babyrace]

Looking at Syfe founders and employee backgrounds on LinkedIn. Seems like they were originating from India. Hmm...

 

[Han Shot First]

67% US equities 8% SPDR GLD trust 1% cash 23% European equities
Using StashAway 30% risk for my SRS monies

0% Asia or Japan equities? - so not really a globally diversified portfolio
0% bonds? - so this portfolio favors commodity asset class over bond asset class

 

[win_man]

Anyone has referral code for Syfe? Please PM me

 

[aamaterasu]

Hi,

Recently I participated in the dbs digiportfolio and they have a flat 0.75% annual fee. POEM on the other hand charge a one time 0.32% fee per transaction (min 25) and assuming rebalancing is done annually, the 0.32% allows for trading of multiple stocks or only for a single stock? I.e if I want to sell stock A and buy stock B for the interest of rebalancing, is this counted as one or two transactions? If it's counted as two transaction, won't rebalancing through brokerage be a costly affair?

Also is stashaway and dbs similar? I just suppose dbs might be better because I have been using dbs all along.

 

[unclebutcher]

0% Asia or Japan equities? - so not really a globally diversified portfolio
0% bonds? - so this portfolio favors commodity asset class over bond asset class

This is the second highest risk portfolio. The highest risk cuts the SPDR GLD and puts into US equities. I personally don't want USD bonds when there's a 30% withholding tax. Doesn't make sense. Bond class stick to SGX/SSB/FD, or even stashaway simple.

They have a SGD denominated Asia equity and bond class but minimum 10k SGD.
Personally I DIY my SGD REITs and SSBs so I rather not pay them the 0.8%.
However this is one of the few SRS approved funds (and probably one of the cheapest) with global exposure

 

[Han Shot First]

Anyone has referral code for Syfe? Please PM me

What are the benefits or incentives (you get) for the referral code for Syfe?

 

[Han Shot First]

This is the second highest risk portfolio. The highest risk cuts the SPDR GLD and puts into US equities. I personally don't want USD bonds when there's a 30% withholding tax. Doesn't make sense. Bond class stick to SGX/SSB/FD, or even stashaway simple.

I think US equities and US-domiciled ETFs incur 30% withholding tax. No way to avoid or reduce because StashAway chooses to trade on US stock exchanges using investors' money.

What is the asset allocation for StashAway highest risk portfolio? Is it 100% US equities?

0.8% annual management fee is expensive. If include the ETF management fee and USDSGD currency conversion fee, it is more than 1.1%. US robo-advisors offer annual management fee of about 0.25% and they include other services not provided by StashAway.

They have a SGD denominated Asia equity and bond class but minimum 10k SGD.
Personally I DIY my SGD REITs and SSBs so I rather not pay them the 0.8%.
However this is one of the few SRS approved funds (and probably one of the cheapest) with global exposure

Yes, for trading on SGX there is no need for middleman (and to pay middleman 0.8% annually for what an investor can do himself/herself).