Roboadvisor: Stashaway vs Syfe

[Stallone]

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.

Autowealth is 18USD, which is abt 25SGD

 

[RMCWMR]

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.

But have you factored in the other charges like conversion fees, custodian fees, simi simi fees?

 

[2474265]

Autowealth is 18USD, which is abt 25SGD

Updated based on SGD 25 platform fee for AutoWealth (thanks for the feedback):

AW still second cheapest after Syfe. Other fees for Syfe and StashAway seem to be exactly the same (custodian, FX, etc) and pretty much negligible. Not sure what fees AW charges in addition.

If purely is about fees, Syfe seems best, but that should not be anyones only decision criteria.

 

[s0crates]

time and effort is a cost itself no?

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.

 

[skybluegerald]

any referral for stashaway ? pm me pls! hahaha

 

[optimus_prime888]

any referral for stashaway ? pm me pls! hahaha

PMed you.

I've invested in Stashaway since last Dec for my SRS as well as monthly 'RSP'. So far more than 10 % returns.

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[xtwis7]

Of course, so if you have a option that charges a higher fee but saves you more time and effort, would you take that option?

time and effort is a cost itself no?

 

[optimus_prime888]

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!

Sorry missed out on your PM. Have replied. Thanks.

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[s0crates]

Yea... I am testing endowus out. If it turns out stable and their platform is good enough for me to do a RSP across SRS, cash and cpf I would just do it with them and get on with life.

Zero time spent on my part.

Of course, so if you have a option that charges a higher fee but saves you more time and effort, would you take that option?

 

[blurpandasg2014]

Bumps for the latest

 

[AMD_FREAK]

Hi all, my DBS SAYE account has ended, and i'm looking for a place to put 3k every month.

Currently looking at roboadvisor (human input ones are ok too). Which would suit me best for my mid-high risk level?

Thanks!

 

[MrLampa]

Anyone using syfe or stashaway. Planning to open an account. Please pm me.

 

[skybluegerald]

Thanks for sharing!

i just started on this. used to do Regular saving plans on posb.

which risk profile you have chosen??

 

[tutonic]

To anyone who doesn't know, the stashaway income portfolio DOES NOT require minimum 10k SGD, contrary to what it says. You can, in fact, invest with as little as 50 in that portfolio.

 

[RMCWMR]

Anyone using syfe or stashaway. Planning to open an account. Please pm me.

Tried Syfe. Ok not too bad. Service better than Stashaway for me. At least there is someone i.e. a human being i can talk to or msg and somebody will be assigned to you. Stashaway is more automated i.e. you do everything yourself

 

[tutonic]

Tried Syfe. Ok not too bad. Service better than Stashaway for me. At least there is someone i.e. a human being i can talk to or msg and somebody will be assigned to you. Stashaway is more automated i.e. you do everything yourself

Stashaway also have adequate support. Anything can just call or whatsapp them. Personally, I just whatsapp. Easier to properly word your query and they get back within 1 business day. With the app, even though stashaway has slightly lower return, compared to syfe, the convenience and ease of use really cannot be compared. For the bulk of the layman investor, convenience will be number 1 priority, and not the chasing of tiny differential earnings.

 

[ChickRice]

Hi all, my DBS SAYE account has ended, and i'm looking for a place to put 3k every month.

Currently looking at roboadvisor (human input ones are ok too). Which would suit me best for my mid-high risk level?

Thanks!

Stashaway! They have a huge team with extensive experience and knowledge in the finance and investing industry.They are also venturing to asian country such as Malaysia so this means that they are here to stay for long term.

Lastly thier mobile app is sleek and easy to use!

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[optimus_prime888]

Anyone using syfe or stashaway. Planning to open an account. Please pm me.

Have PMed you

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[tutonic]

Thanks for sharing!

i just started on this. used to do Regular saving plans on posb.

which risk profile you have chosen??

On stashaway, I split into 3 different portfolios. 80% of my monthly top ups go into 16% portfolio, 10% go onto SGD Income portfolio, and 10% go onto 30% portfolio (since 30% has XLK). For an equity portfolio, the 30% one is pretty defensive since you also hold consumer staples XLP as well. Higher than 30% risk not really worth it since you'll be holding XLC and XLE.

 

[ongkinhong12345]

Please pm . I need also.

Have PMed you

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