DBS digiportfolio

[eDisFieD]

Yeap so always plan ahead to exchange Forex elsewhere if can. The in house exchange rates are horrid. I've invested since they launched so 22% return isn't too shabby for global portfolio considering that it was entered b4 the March 2020 covid sell offs.

I only invest whenever they run promos or for a case at the start just to try out the service.

Btw heads up, they're gonna run again the 7.7 promo as a 8.8 promo so no harm trying when you get $18 cashback to cushion any potential losses.

https://www.dbs.com.sg/personal/ext...web-home-featured-cardtile-tidd-extrabonusday

Was there a 7.7 promo? How was the promo for digiportfolio then?

 

[revhappy]

Like I mentioned in earlier post, you can plan ahead since u anticipate depositing

Use moomoo or tiger to exchange and transfer over to dbs multicurrency account to sit and wait for 8 aug to come. Tiger has better rates but takes t+2 to settle so cannot withdraw it immediately I learnt it last mth so plan ahead.

If you already have Tiger or Moomoo, that means you are familiar with trading, it makes little sense to pay management fee to Digiportfolio. You can buy the VWRA ETF and you will most likely outperform them.

 

[dappermen]

but why just Vanguard Funds Public Limited Company - Vanguard FTSE All-World UCITS ETF (VWRA.L)

the rest nt ok?
https://sg.finance.yahoo.com/quote/...lIjoiY2hhcnQiLCJwYW5lbE5hbWUiOiJjaGFydCJ9fX19

 

[revhappy]

Did you guys take the risk questionnaire in the NAV planner? I found it quite interesting. If you answer that you are okay with 10% loss, then it grades you at C2- conservative and recommends 'slow and steady' which has 20% equity allocation. If you answer you are okay with 16% loss then it grades you at C3- moderate and reccommends 'comfy cruising' which has 55% equities.

This is something to think about how many people will be willing to take a >16% correction in your networth? So for me I think 50% equity allocation is appropriate overall. Vanguard has a similar questionnaire and there if you select 10% loss, it recommends you 50% allocation to equities, which is interesting, how DBS is more prudent than Vanguard.

 

[demoforce1]

I just open digiPortfolio 1+ weeks ago
for those of you who have owned this for some time, how is the performance for Asia/SGD?

 

[PC-User]

I just open digiPortfolio 1+ weeks ago
for those of you who have owned this for some time, how is the performance for Asia/SGD?

Only one word - lame.

 

[Kojo0403]

I just open digiPortfolio 1+ weeks ago
for those of you who have owned this for some time, how is the performance for Asia/SGD?

got affected by recent china stocks sell off. though damage is somewhat mitigated by it’s reits, sti and bond holdings.

you should invest in it if you believe that Asia (especially China) will outperform rest of world over a long term

 

[$ingaporean]

The Global Portfolio requires an investor pre-assessment. Can we actually cheat in it?

StashAway and Syfe portfolios don't require that while Endowus needs one online short course.

Yes, sure you can cheat on it. But this assessment is sop to protect yourself and the financial institution.

If you cheat on it and succeed into investing in the product, but if you lost tons of money, you cannot cry and point fingers at them.

 

[yuzu28]

Allows USD denomination is a con. They are forcing you to convert to USD using their bad exchange rates, they could have easily allowed SGD funding and since they are a big bank and they are taking a bigger annual management fee, they could have easily absorbed the cost.

For this reason alone I shun Digiportfolio.

Their Asia portfolio is also like a joke, they just taking whatever is available in SGX and have created a portfolio, without any thought into how this should be positioned within an investor's portfolio. Should investor overweight Asia, underweight Asia? How are investors supposed to decide this?

Overall a very lazy effort by DBS, for the fees they are charging.

Select the Global UT portfolio for SGD. ETF portfolio is USD.

actually i realised that the exchange rates for DBS and SCB very similar. I used to think DBS is very bad.

 

[$ingaporean]

Allows USD denomination is a con. They are forcing you to convert to USD using their bad exchange rates, they could have easily allowed SGD funding and since they are a big bank and they are taking a bigger annual management fee, they could have easily absorbed the cost.

For this reason alone I shun Digiportfolio.

Their Asia portfolio is also like a joke, they just taking whatever is available in SGX and have created a portfolio, without any thought into how this should be positioned within an investor's portfolio. Should investor overweight Asia, underweight Asia? How are investors supposed to decide this?

Overall a very lazy effort by DBS, for the fees they are charging.

Yes that is true. Why would a normal retail investor want to convert to usd and back using their lousy rates. Also, i remember one of their digi-portfolio holds UT, which serve them with yet another 2 platters of addition fees (trailer fees in ut, and 0.7% digiportfolio fees). All in, i think the fees are not low, considering you can diy yourself at a fraction of cost.

I realised that buying unit trusts from banks are totally not worth it. The next best alternative is via dollardex (from aviva). The best is the fintech setup like endowus which has lowest fees in town.

 

[PC-User]

Yes, sure you can cheat on it. But this assessment is sop to protect yourself and the financial institution.

If you cheat on it and succeed into investing in the product, but if you lost tons of money, you cannot cry and point fingers at them.

Of course mah. Own choice, own responsibility.

 

[$ingaporean]

Of course mah. Own choice, own responsibility.

Not everyone practices that. Over time, I have seen many high profile cases in the news where investors point fingers at RM and the bank in the court when they lose money, claiming they did not know what they invest in or misled into the investments.

 

[revhappy]

Select the Global UT portfolio for SGD. ETF portfolio is USD.

actually i realised that the exchange rates for DBS and SCB very similar. I used to think DBS is very bad.

I dont seem to find the UT portfolio from the Digibank app, I only see the ETF portfolios.

 

[yuzu28]

I dont seem to find the UT portfolio from the Digibank app, I only see the ETF portfolios.

Hmmm.. not sure if they no longer offer. Cos i bought it in the early stage they started it i think. Dun think it has usd option then. After that I was kind of like 'arguing' with the rest that mine is in sgd. Later my friend screenshot his and discovered that mine is the UT version, his is ETF version in USD.

 

[dappermen]

Banks r usually uTs based

 

[xxstars]

Think I screwed up by opening new Global & Asia portfolios in 1-2 weeks ago. Both are in the red. I can tolerate losses in the Global one but topped up lump sum on Monday and down $400+ due to China-related ETFs for Asia Lv 4. I admit I tried to buy the dip, ended up catching a falling knife

At this rate, hide the digiportfolio section in my app and look at it in a 5 years time or should I cut my losses?

 

[silverbomb]

Think I screwed up by opening new Global & Asia portfolios in 1-2 weeks ago. Both are in the red. I can tolerate losses in the Global one but topped up lump sum on Monday and down $400+ due to China-related ETFs for Asia Lv 4. I admit I tried to buy the dip, ended up catching a falling knife

At this rate, hide the digiportfolio section in my app and look at it in a 5 years time or should I cut my losses?

you put how much to lose $400 in the Asia portfolio? we don't know how much was your initial capital.

investment is a long run thing. if you don't do your due diligence and have a low risk appetite, but chose to undertake a higher than your current appetite portfolio then you're doing it wrong. DigiPortfolio typically reviews the portfolios every quarter to rebalance and if you think you can wait out for the rebalancing and trust that they will do the job to get the profile up to speed (not saying you'll not lose money, but could also reduce your loss thru rebalancing) then let it do the job.

as i'm only doing Global portfolio only so far, the Digi has been doing it right to keep a better than decent returns and in case you're wondering, nope it's not during Covid sell-off period i bought but that's before Covid and i did see loss in the portfolio (not $400 kind) then but i know the market will rebound so let nature takes its course which is the function of the DigiPortfolio.

For Asia Portfolio, the general consensus here is it's doing ok only. not fantastic. that's only the past performance. future performance, China basically will be risky within the next 6 months due to the CCP regulating and dipping their hands on the tech and the education sectors. Only will be more clearer and stable beyond then.

 

[vegavega25]

Think I screwed up by opening new Global & Asia portfolios in 1-2 weeks ago. Both are in the red. I can tolerate losses in the Global one but topped up lump sum on Monday and down $400+ due to China-related ETFs for Asia Lv 4. I admit I tried to buy the dip, ended up catching a falling knife

At this rate, hide the digiportfolio section in my app and look at it in a 5 years time or should I cut my losses?

if you needed the knife at your very next meal, not sure why you were trying to catch one at all.

 

[Suleyman]

I dont seem to find the UT portfolio from the Digibank app, I only see the ETF portfolios.

The UT digiportfolio is only offered to Treasures customers.

 

[skpuppy]

The UT digiportfolio is only offered to Treasures customers.

What is UT digiportfolio?