Any thoughts on StashAway’s recent re-optimisation?

[anthonygreenisreal]

sry i noob.. whats the difference between moomoo/tiger against endowus/syfe?

i only know ke trade lol

moomoo/tiger is online brokerage.

endowus/syfe is roboadvisor.

 

[shortbirdlonghair]

Tactical asset allocation is the loser's game over the long term most of the time

 

[LAMtopia]

kewb few day ago already drop almost 80%. somehow seem not rational to reallocate and cut loss at such low price

The worst part is that they completely exited KWEB at the bottom on 15 March. If you look at the chart, KWEB increased significantly over the next 2 days. Even if they waited 1 day to exit, they would be in a much better position.

https://finance.yahoo.com/quote/KWEB/

 

[LAMtopia]

Stashaway strategy is almost like active trading, during bull market they may outperform other passive robos, but during bear they also bleed more.

The thing is that they perform worse than other passive robos even in good times. And overall the good active fund managers are still better. Good thing that most of my investments with active fund managers are still outperforming the benchmark.

 

[bombshell]

The thing is that they perform worse than other passive robos even in good times. And overall the good active fund managers are still better. Good thing that most of my investments with active fund managers are still outperforming the benchmark.

Pre-covid they were doing very well, thats how they gained their initial popularity. Then covid is when things start to get crazy, they also started doing all sorts of crazy things to try and beat the market and thats where we are now.

 

[kuro]

u pay peanut you get monkey.

what do you expect when everything is automated and in situation like these, the rules are set and the rules cannot react.

 

[LAMtopia]

Pre-covid they were doing very well, thats how they gained their initial popularity. Then covid is when things start to get crazy, they also started doing all sorts of crazy things to try and beat the market and thats where we are now.

I don't even think its a covid vs pre-covid thing. They are just very high beta. Go up when market go up but no risk management when market comes down.

 

[kenpachi82]

they are just following temasek strategy of buy high sell low.

 

[drkcynic]

I thought thats the inherent risk of such funds? You rely solely on the fund manager.

Make it or break it you also got no say.

 

[ballastic90]

Notch bad leh

 

[treeskull]

I pulled out of SA alrdy. What's their 36% risk now ah

 

[mycashewhouse]

Starting to feel disappointed at my endowus holdings too. Think when recover will cash all out n invest myself

 

[focus1974]

Stashaway recently re-optimised their portfolio. Although they announced they were exiting Kraneshares, when you check the log, it’s as good as selling KWEB at the bottom. The 2 days after that were record increases for Chinese shares. Feels like a mistiming to me. Did anyone attend their talk yesterday evening? Any insights to share?

LOL
i thought it's robo-AI ... and stuff.. very futuristics..

so now is humans pretending to be robo-AI .. tweaking the asset allocations? lmfao

 

[tankgunner]

You will always regret if you paper hands. Thats why i am holding baba until i die

 

[LAMtopia]

I thought thats the inherent risk of such funds? You rely solely on the fund manager.

Make it or break it you also got no say.

I think the issue is that they position themselves as passive investments and ETFs. I quote below from the Stashaway website.

"StashAway recognises that data has proven that securities selection has not been paying for itself over the last decade, particularly in the largest, most transparent markets. In this respect, StashAway is a convinced passive investor when it comes to securities selection, in that we don’t spend money and time with securities selection, but rather invests through ETFs in the entire “market”."

Some of my active managers are also down but at least compared to the benchmark they are down less and they don't do noob things like sell at the absolute bottom when if they waited 2 more days, they would have recovered at least 20% of the loss. As someone mentioned, you pay for what you get.

 

[civicguy]

LOL
i thought it's robo-AI ... and stuff.. very futuristics..
so now is humans pretending to be robo-AI .. tweaking the asset allocations? lmfao

well said

 

[civicguy]

yeah don't forget the annual management fees for your holdings with them. It's quite a lot more compared just buying a low cost index fund. over long term will greatly affect your returns.
VOO expense ratio only 0.03%

but I dont know how to buy VOO with SRS

 

[drkcynic]

I think the issue is that they position themselves as passive investments and ETFs. I quote below from the Stashaway website.

"StashAway recognises that data has proven that securities selection has not been paying for itself over the last decade, particularly in the largest, most transparent markets. In this respect, StashAway is a convinced passive investor when it comes to securities selection, in that we don’t spend money and time with securities selection, but rather invests through ETFs in the entire “market”."

Some of my active managers are also down but at least compared to the benchmark they are down less and they don't do noob things like sell at the absolute bottom when if they waited 2 more days, they would have recovered at least 20% of the loss. As someone mentioned, you pay for what you get.

If they are broad-base investing in the indexes, then yeah can be considered passive.

If they are going in and out of KWEB as you mentioned, then they are no different from Cathy Woods.

But indeed, during bull market everyone is a genius, everyone should be happy with their stashA returns during the 2020-2021 boom period. Now the reality hits, genius or fools, easy to spot.

 

[s-ghost]

ah gui put 1K for fun last Apr, now at $881

 

[jayjay0702]

What’s the new allocation like?