Roboadvisor: Stashaway vs Syfe

[decibel.]

Any reason to go for stashaway when autowealth has lower fees?

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[tangent314]

However this is one of the few SRS approved funds (and probably one of the cheapest) with global exposure

If you are willing to accept 70/30 equities/bonds, by far the cheapest SRS approved product with global equities exposure is Lion Global All Seasons (Growth), for a grand total of 0.36% TER + 0% platform fees (with POEMS or DollarDex)

 

[dullthings]

Very roughly,
StashAway is cheaper for SGD 0-10,000
AW is cheaper for SGD 10,000 to ~400-500K
Stashaway is cheaper beyond SGD 400-500K.

Any reason to go for stashaway when autowealth has lower fees?

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[unclebutcher]

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.



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).

I vaguely remember the top aggressive portfolio i StashAway to be 75% US equities and 24% European/British equities +1% cash. Correct me if I'm wrong please, but I remember it as such. As others have pointed out, I'm not sure why they don't have emerging markets ETFs but go for the sluggish European ones.

Personally, I have a year of free management fee so I'll keep my SRS monies in for now and decide in a years time

 

[unclebutcher]

If you are willing to accept 70/30 equities/bonds, by far the cheapest SRS approved product with global equities exposure is Lion Global All Seasons (Growth), for a grand total of 0.36% TER + 0% platform fees (with POEMS or DollarDex)

Oh yes, looks like on dollardex it's 0.25% even! I don't rly like the bond component of it though - but I guess can definitely factor it into ones portfolio. Worth a consideration, definitely. Perhaps with my 2020 SRS funds

 

[decibel.]

Very roughly,
StashAway is cheaper for SGD 0-10,000
AW is cheaper for SGD 10,000 to ~400-500K
Stashaway is cheaper beyond SGD 400-500K.

Won't your investment plus returns grew to 10k to 500k range and when that happens AW is more worth it in terms of savings? This looks like a long term range so before Stashaway hits 500k beyond I would have paid more fees by then?

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[dullthings]

Yes. And which robo to use is ultimately a personal choice ... after you consider their management fees, their currency conversion fees, they way they work respond to market conditions, their customer service etc.

Won't your investment plus returns grew to 10k to 500k range and when that happens AW is more worth it in terms of savings? This looks like a long term range so before Stashaway hits 500k beyond I would have paid more fees by then?

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[2474265]

@blurpanda please update

 

[Peasantboy]

Lol yeah I saw that too and immediately ruled them out. Don’t trust them to handle my $$$

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

 

[RomeoLee]

i'm planning to open a stashaway acc for SRS investment. Any current user want to share your referral link? Please PM me the link and your email address. Thanks!

 

[s0crates]

It's all over the Internet leh just Google la hahaha. Lots of weekly users using stashaway

i'm planning to open a stashaway acc for SRS investment. Any current user want to share your referral link? Please PM me the link and your email address. Thanks!

 

[hwarzoner]

Just deposit a small bit to test in stashaway

 

[luvalist]

Pm me if u need referral code. Happy to share. So far abt 1 year in StashAway. My investment was modest ($100 to $500 each time) and fee paid using grab points redemption. Took the most risky portfolio (36%) and deposit money when I felt market was down. My money weighted returns as of today is 27%.

 

[blurpandasg2014]

How did u pay fee using grab reward redemption?

 

[luvalist]

i redeem with grab reward points

 

[undergrd]

Impressed w your returns!

Pm me if u need referral code. Happy to share. So far abt 1 year in StashAway. My investment was modest ($100 to $500 each time) and fee paid using grab points redemption. Took the most risky portfolio (36%) and deposit money when I felt market was down. My money weighted returns as of today is 27%.

 

[RMCWMR]

Very roughly,
StashAway is cheaper for SGD 0-10,000
AW is cheaper for SGD 10,000 to ~400-500K
Stashaway is cheaper beyond SGD 400-500K.

What about Syfe? How do they compare?

 

[2474265]

I think cost is very important but should definitely not be the only criteria. I put together a small comparison based on 4 different amounts: $10,000 - 25,000 - 100,000 - 250,000

Yearly cost at different portfolio values:

StashAway: be careful, they do stacked pricing, means you pay 0.8% for the first 25,000, 0.7% for the next 25,000 etc so if you total is 100,000, you will NOT pay 0.5%, but 0.68%
AutoWealth: charges a fixed $18 per year + 0.5%
Syfe: 0.65% below 20,000, 0.5% until 100,000, and 0.4% above 100,000; their pricing is tiered, meaning if your total is 100,000 you will pay 0.5%

Anything I missed? Looks like Syfe is the cheapest based on the 4 examples I picked.

 

[xtwis7]

Stashaway is still more convenient with their app which is pretty seamless so maybe that slightly higher difference is warranted.

No harm diversifying across multiple platforms.

 

[hkchew03]

Can use this. Not created by me. Must edit the "PortfolioFees" A23 to 100k instead of 10k. Overall Syfe/Endowus is cheapest across. Stashaway calculation is also not stacked.

https://github.com/chuadon/Robo-Advisor-Fee-Calculator