Roboadvisor: Stashaway vs Syfe

[s0crates]

Syfe is having a talk on their REIT portfolio!

Actually, anyone has any idea why syfe or stashaway have these portfolios for?! Is it part of their robo/algo proposition???

Or is it that they are going to AGM to question management like what Icahn will do??

 

[Okenba]

If I wanna use srs to do investment via stashaway, is it just deposit funds from my srs account?

When you open a new portfolio with stashaway they will ask you if you want to fund it with cash or SRS.

 

[tutonic]

Syfe is having a talk on their REIT portfolio!

Actually, anyone has any idea why syfe or stashaway have these portfolios for?! Is it part of their robo/algo proposition???

Or is it that they are going to AGM to question management like what Icahn will do??

Compared to US based ETF holdings, the local portfolio is much safer, albeit (naturally) comes with lower returns. They project 4% per annum if reinvest dividends, and about 1% without. My current local portfolio on stashaway is earning well above 4% though, so I imagine that's just a conservative estimate.

 

[assiak71]

https://invest.syfe.com/real-estate-portfolio/

Coming soon

No one wondering why nikkoam is in the talk?

I wonder whats going to be in syfe's portfolio. Is there going to be a new nikkoam etf?

 

[Okenba]

Compared to US based ETF holdings, the local portfolio is much safer, albeit (naturally) comes with lower returns. They project 4% per annum if reinvest dividends, and about 1% without. My current local portfolio on stashaway is earning well above 4% though, so I imagine that's just a conservative estimate.

What makes you say that local portfolios are much safer?

 

[tutonic]

What makes you say that local portfolios are much safer?

Firstly, since it's SGD-denominated, you won't have to worry about whether SGD-USD go up or down, when you're timing your deposits/withdrawals.Secondly, it can be seen as a way to diversify your holdings (across country), and not be so US-heavy in your holdings. Lastly, based on the historical data on the stuff that Stashaway holds in the local portfolio - CFA CLR MBH G3B QL3 A35 -, you don't hold for capital gains, per se. The bulk of your earnings will be coming from re-invested dividends. The dividend payouts range from quarterly to annually.

 

[s0crates]

Are you serious?

Is this a REIT portfolio with only Singapore assets? There is FX risk. Please... .

Firstly, since it's SGD-denominated, you won't have to worry about whether SGD-USD go up or down, when you're timing your deposits/withdrawals.Secondly, it can be seen as a way to diversify your holdings (across country), and not be so US-heavy in your holdings. Lastly, based on the historical data on the stuff that Stashaway holds in the local portfolio - CFA CLR MBH G3B QL3 A35 -, you don't hold for capital gains, per se. The bulk of your earnings will be coming from re-invested dividends. The dividend payouts range from quarterly to annually.

 

[s0crates]

I really don't understand how their risk parity framework or ERAA framework will work with a Income or a reit portfolio.

Are these guys even serious? What's their value proposition between their tactical asset allocation stuff in the context of an income or REIT portfolio? Or are just pandering to consumers perceived needs, despite it not making any sense for their value proposition????

I am just amazed.

 

[rottingapple]

Can anyone explain whether is there a 30% withholding tax?

The below is taken from financialhorse.com

All dividends/income is subject to a 30% withholding tax,

 

[tutonic]

Can anyone explain whether is there a 30% withholding tax?

The below is taken from financialhorse.com

All dividends/income is subject to a 30% withholding tax,

It'll take you only a minute to get your answer if you google withholding tax US, since the first article is from the US's IRS.

 

[assiak71]

On the old stashaway article on dividend withholding tax, what was the issue about it? Can point me to the discussion posts? Else can rehash it here? Thanks

https://www.stashaway.sg/r/etf-taxes-returns-and-tracking-errors

 

[w1rbelw1nd]

On the old stashaway article on dividend withholding tax, what was the issue about it? Can point me to the discussion posts? Else can rehash it here? Thanks

https://www.stashaway.sg/r/etf-taxes-returns-and-tracking-errors

Let me share with you, the main problem is not the 30% versus 15% Dividend withholding tax for the underlying US exposure for US ETFs. Its paying 30% versus 0% for the underlying non US exposure for US ETFs versus Irish domicled ETFS/funds.

When non-US equities pays a dividend to the country where the fund is domiciled there is a DWT paid to the non-US tax authorities ie PORTFOLIO LEVEL . When the fund pays a dividend to the investor, it may be subjected to the DWT by the tax authorities in the fund's country ie FUND LEVEL

Platforms like Stashaway, Autowealth and Syfe is tax inefficient because of the non-US exposure, paying 30% instead of 0%!

This should be the definitive guide!
https://investmentmoats.com/money-management/guide-dividend-withholding-tax-interest/

 

[blurpandasg2014]

Syfe in the lead during the wuhan crisis

 

[assiak71]

Let me share with you, the main problem is not the 30% versus 15% Dividend withholding tax for the underlying US exposure for US ETFs. Its paying 30% versus 0% for the underlying non US exposure for US ETFs versus Irish domicled ETFS/funds.

When non-US equities pays a dividend to the country where the fund is domiciled there is a DWT paid to the non-US tax authorities ie PORTFOLIO LEVEL . When the fund pays a dividend to the investor, it may be subjected to the DWT by the tax authorities in the fund's country ie FUND LEVEL

Platforms like Stashaway, Autowealth and Syfe is tax inefficient because of the non-US exposure, paying 30% instead of 0%!

This should be the definitive guide!
https://investmentmoats.com/money-management/guide-dividend-withholding-tax-interest/

Ah the non US. Thanks

 

[assiak71]

Syfe in the lead during the wuhan crisis

Would like to request for syfe 19% or 21% comparison instead

23% and 25% doesnt seem to offer good risk-reward

 

[len555]

Any signup promos or referral this 2020 for both?

 

[paul02]

Any signup promos or referral this 2020 for both?

Don't think so, but I can refer you my StashAway referral code for the on-going promo.

 

[assiak71]

Any signup promos or referral this 2020 for both?

Syfe
https://invest.syfe.com/join-now/

 

[tangent314]

On the old stashaway article on dividend withholding tax, what was the issue about it? Can point me to the discussion posts? Else can rehash it here? Thanks

https://www.stashaway.sg/r/etf-taxes-returns-and-tracking-errors

Think I made these points before somewhere, but can't find it. Anyway I'll try again.

1. Tracking error is overrated. It should be low, but comparing super low numbers becomes silly, especially since tracking error can be negative or positive errors.

2. Withholding tax rate for Ireland domicile is 15% not 20%

3. Bid-Ask spread is overrated. It's a one time cost, and the numbers are so small compared to the DWT that it's negligible.

4. From what I understand, the performance numbers for Irish domiciled funds are already net of the DWT, since the tax is paid by the fund managers. I believe US domiciled funds performance are gross of DWT, since the tax is withheld by your broker when the dividends from the fund are being paid out to you. I may be wrong about this, hopefully someone else (BBCW?) can confirm or correct. This means the blog post is double counting the DWT for the Irish and Lux domiciled funds.

IMO, I think the blog writer was mostly coming up with BS excuses to try to justify an obvious mistake their robo made during inception instead of doing the right thing which would take a lot more effort.

 

[assiak71]

Any thoughts on gold, especially during this virus period? Will stashaway pull ahead due to higher gold allocation?