DBS digiportfolio

[CaptainWu]

I started investment in April; and my Asia Portfolio is +11.42%; Global is +12.61%. Nice - good performance.

The dividends payout is feeble: about 0.5% for each portfolio.

Global performance is on US$ right? Have to factor in the currency drop for USD as we live in Singapore.

 

[reddevil0728]

Global performance is on US$ right? Have to factor in the currency drop for USD as we live in Singapore.

You should separate out effect of FX when comparing performance.

if not you will be conflating what you are trying to compare

 

[CaptainWu]

You should separate out effect of FX when comparing performance.

if not you will be conflating what you are trying to compare

It depends on what you are trying to compare. Example Endowus portfolio is on SGD and if you compare this with Digiportfolio with same risk level, surely the latter wins on performance as it is in USD. Afterall when you calculate your overall performance this will take into effect anyway.

 

[reddevil0728]

It depends on what you are trying to compare. Example Endowus portfolio is on SGD and if you compare this with Digiportfolio with same risk level, surely the latter wins on performance as it is in USD. Afterall when you calculate your overall performance this will take into effect anyway.

indeed.

but one should always compare plain vanila first, i.e. compare returns based on fund currency first, before factoring any FX you incur when funding it.

So at least u can tell whether the returns be it positive or negative is it due to fund performance or fx movement

 

[revhappy]

I started investment in April; and my Asia Portfolio is +11.42%; Global is +12.61%. Nice - good performance.

The dividends payout is feeble: about 0.5% for each portfolio.

April was the very bottom, so 12% is not good.

 

[Kojo0403]

If only they allow DCA without the minimum $1000 upfront, I would invest

I simply sweep my interest gained from multiplier account and any dividend received from invest-saver into dbs asia digiportfolio. I guess the upside to digiportfolio is that it’s integrated with the app making any topic extremely easy.

Yes, nonetheless hope that it would be srs and rsp eligible soon.

 

[revhappy]

I just did a review of DBS digiportfolio, Syfe and Stashaway. I think out of these 3 DBS digiportfolio is the worst option, simply because they have asked investors to make a choice between Asia vs Global. This is already a bad thing. Robo is for investors who dont want to take too much headache. Investors shouldnt be asked to make a choice. It is Robo who should make the choice. Asia has heavy weightage to STI, again a bad thing.

Next worst thing is the global portfolio is USD denominated. They expect investors to convert SGD to USD ourselves and worry about the currency conversion, spread etc.

The whole idea of Robo and paying them higher fees, is that it should be as simplified as possible for investors. It should be as simple as just doing a FAST transfer to an account they manage it for us.

This is the reason I am shunning DBS digiportfolio and going to try Syfe and Stashaway.

 

[s0crates]

But syfe and stashaway also have a conversion charge right?

I just did a review of DBS digiportfolio, Syfe and Stashaway. I think out of these 3 DBS digiportfolio is the worst option, simply because they have asked investors to make a choice between Asia vs Global. This is already a bad thing. Robo is for investors who dont want to take too much headache. Investors shouldnt be asked to make a choice. It is Robo who should make the choice. Asia has heavy weightage to STI, again a bad thing.

Next worst thing is the global portfolio is USD denominated. They expect investors to convert SGD to USD ourselves and worry about the currency conversion, spread etc.

The whole idea of Robo and paying them higher fees, is that it should be as simplified as possible for investors. It should be as simple as just doing a FAST transfer to an account they manage it for us.

This is the reason I am shunning DBS digiportfolio and going to try Syfe and Stashaway.

 

[revhappy]

But syfe and stashaway also have a conversion charge right?

Yes, Syfe charges 0.09% for currency conversion, which I believe is much lower than what it will cost with DBS multi currency account conversion fees.

But more importantly it is something I dont need to worry about. The best part of Robo over directly buying ETFs is that we dont see the actual execution price and get influenced whether it is high or low etc. There is a layer of black boxing which is a good thing.

 

[tesarise]

Yes, Syfe charges 0.09% for currency conversion, which I believe is much lower than what it will cost with DBS multi currency account conversion fees.

But more importantly it is something I dont need to worry about. The best part of Robo over directly buying ETFs is that we dont see the actual execution price and get influenced whether it is high or low etc. There is a layer of black boxing which is a good thing.

so you are saying you prefer to be ripped off as long as it is a black box to you? then y not go ILP. you never know what is the actual execution price for the underlying funds, and you only need to worry about paying your premiums very year. you are also not asked to make a choice

 

[revhappy]

so you are saying you prefer to be ripped off as long as it is a black box to you? then y not go ILP. you never know what is the actual execution price for the underlying funds, and you only need to worry about paying your premiums very year. you are also not asked to make a choice

When did I say rip off? It is DBS that is ripping you off with high retail currency conversion fees. Syfe is very transparent, they are just passing on the institutional class thin spread currency conversion fees charged by saxo.

DBS is also a broker, they could have totally absorbed the currency conversion fees, yet they didn't. Don't you see who is ripping you off?

 

[McFadden]

I started investment in April; and my Asia Portfolio is +11.42%; Global is +12.61%. Nice - good performance.

The dividends payout is feeble: about 0.5% for each portfolio.

the rates so high,then a lot of people invest also?

 

[wira]

mine is global portfolio Fast n Furious risk level 4.
Opened since 21 Mar 2019.
So far up 20.75%

 

[yuzu28]

mine is global portfolio Fast n Furious risk level 4.
Opened since 21 Mar 2019.
So far up 20.75%

Mine same portfolio as u. Put 3 mths, up 12%. Just sold this morning.

 

[s0crates]

Then why not use moneyowl or endowus then? No currency charges, you don't even have to look at it.

Unit trust prices even more opaque lol.

Yes, Syfe charges 0.09% for currency conversion, which I believe is much lower than what it will cost with DBS multi currency account conversion fees.

But more importantly it is something I dont need to worry about. The best part of Robo over directly buying ETFs is that we dont see the actual execution price and get influenced whether it is high or low etc. There is a layer of black boxing which is a good thing.

 

[lzjlee]

Mine same portfolio as u. Put 3 mths, up 12%. Just sold this morning.

Sold means take out all the money and become zero balance is it? If want to invest again still can right?

 

[Joe Maya]

mine is global portfolio Fast n Furious risk level 4.
Opened since 21 Mar 2019.
So far up 20.75%

Wah not bad.

Okay i try putting 20k in there right now.
Anytime can take out...

 

[revhappy]

Wah not bad.

Okay i try putting 20k in there right now.
Anytime can take out...

You will be hit with the currency conversion for both legs. I think you will lose 1% easily in just the conversion, if you plan to remove it soon. So do it only if you want to keep it for long term.

 

[revhappy]

Then why not use moneyowl or endowus then? No currency charges, you don't even have to look at it.

Unit trust prices even more opaque lol.

The only pull of moneyowl and endowus is that you can invest cpf money and you can access dimension funds which are not available for retail. If you believe in dimension funds, you can go ahead. I had a look, I prefer the normal etfs.

 

[s0crates]

But isn't the way that syfe/stashaway /Dbs fiddling with the ETF allocation another layer of uncertainty and active management, making it different from buying and holding ETFs?

What you are getting from robos' etc is inherently different from what you get through a brokerage. It's outsourced active management packaged under passive investing.

The only pull of moneyowl and endowus is that you can invest cpf money and you can access dimension funds which are not available for retail. If you believe in dimension funds, you can go ahead. I had a look, I prefer the normal etfs.