Roboadvisor: Stashaway vs Syfe

[xiaosinsinful]

I think both are good long-term. I'm personally doing both. 50-50. (45% of my portfolio)

SA36 is more diversified and still has a fixed income component.
Equity100 is mostly US stocks and heavy in tech.

I can't speak to performance yet as I only started on this last month.

thanks for your reply. i also started my experiment this month, equal amount on both sides. Will see in the coming months.

So far my 7-8 months SA doing really well with 1x auto-optimization , i wonder if Syfe will outperform it with a lower management fee

 

[liquidh]

referral code removed

Strongest stock market returns since March 20.

But good job.

 

[Eternit]

Strongest stock market returns since March 20.

But good job.

Thanks mate, yeah in March I saw the market plunge and thought it's a good time to enter, should have invested more lol oh well...

 

[undergrd]

Power sia!

Performance after 5 months, initial 3000 then 300 every month with 36% risk profile. Satisfied with it.

 

[wwenze]

Lai I share my results (duration: 7 months)

So what's the tl;dr? How many %?

 

[liquidh]

Thanks mate, yeah in March I saw the market plunge and thought it's a good time to enter, should have invested more lol oh well...

It’s a good start!

 

[wwenze]

Thanks mate, yeah in March I saw the market plunge and thought it's a good time to enter, should have invested more lol oh well...

Thanks, this kind of data is useful to judge the investor's actual performance.

Assuming you started when Nasdaq is around 8200 which is between March 10 and 11, Nasdaq dropped by 17% during the flatter period in March. S&P and DJI lowest point was slightly worse because there was a short dip but taking few-day average it's around the same.

You also lost around that amount during that time.

Today, Nasdaq rose 35%, S&P rose 20%, DJI rose 15%

23% is like the exact average of those 3 indexes lol.

So looking at both the winning and losing periods, the risk and gains are pretty much the same as buying index / ETF.

 

[drpiggy]

What do you mean by tax inefficiency??? Thought most of the funds are subjected to 30% withholding tax except for LSE market?

In summary, Endowus is slightly more tax efficient (~0.1% savings per year), mainly for the non-US stock exposure. You can read more in the below article if keen to see the computation details.

https://theinvestquest.com/for-our-singaporean-readers-3-ways-to-level-up-your-investments/


Stashaway / Syfe: The effective withholding tax on non-US stock exposure may be higher than 30%. For example, using a US-listed ETF for China stocks will incur a 37% effective withholding tax as follows, 1) 10% when the China stock pays a dividend to the US-listed ETF, 2) 30% when the US-listed ETF pays a dividend to you.

In contrast, Endowus will only incur the 10% withholding tax (using the above example). Do note that for US stock exposure, Endowus' UCITs Mutual Funds will have similar tax efficiency with US-listed ETFs.

 

[JetStorm]

Planning to start with endowus due to syfe and stashaway having estate tax if above 60k usd

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[Okenba]

Planning to start with endowus due to syfe and stashaway having estate tax if above 60k usd

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syfe has a reits portfolio that would not be subject to that.
stashaway has an income portfolio, but it's not really looked at as returns seem subpar.

endowus... frankly, while it has all the ucits thing going for it...
it hasn't been doing very well. DFA has a value tilt to its portfolios and value as a factor is still underperforming (and has for the past 10 years).
I guess it's fine if you're taking the long term view and believe in mean reversion. But in the meantime, you'll be watching endowus portfolios underperform...

 

[babyrace]

I went for Stashaway for 2 years with peace of mind. Check out the peoples from Syfe Linkedin. I've no confidence in Indian engineering team. Offshore some more.

 

[Mr. Wood]

I went for Stashaway for 2 years with peace of mind. Check out the peoples from Syfe Linkedin. I've no confidence in Indian engineering team. Offshore some more.

ok dis is something new. which part do u mean by offshore?

 

[s0crates]

Peace of mind since 2 years ago? That's surprising because it would have made you a super early adopter.

I went for Stashaway for 2 years with peace of mind. Check out the peoples from Syfe Linkedin. I've no confidence in Indian engineering team. Offshore some more.

 

[Peasantboy]

Lol totally the same!!! Yeendia handling my funds? Scammers

I went for Stashaway for 2 years with peace of mind. Check out the peoples from Syfe Linkedin. I've no confidence in Indian engineering team. Offshore some more.

 

[Peasantboy]

Correct me if I’m wrong but didn’t someone verify with them that this wouldn’t apply to funds? Meaning SA is the fund

Planning to start with endowus due to syfe and stashaway having estate tax if above 60k usd

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[s0crates]

No it's still a problem. Neither syfe nor stashaway want to make a committed statement. Haha this blogger called them out


https://kpo-and-czm.blogspot.com/20...-not-addressed-by-some-robo-advisors.html?m=1

Correct me if I’m wrong but didn’t someone verify with them that this wouldn’t apply to funds? Meaning SA is the fund

 

[FinalDestiny...]

No it's still a problem. Neither syfe nor stashaway want to make a committed statement. Haha this blogger called them out



https://kpo-and-czm.blogspot.com/202...isors.html?m=1

Interesting post on the 40% estate tax for sums above $60,000. I am also puzzled as to why StashAway and Syfe are evasive on this.


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[babyrace]

ok dis is something new. which part do u mean by offshore?

Check out their LinkedIn jobs. They start hiring engineers in india.

There could be 2 reasons. Either they plan to introduce new product in india, or they will shift part of the engineering team in india.

I could be wrong anyway. Let's see. DYODD.

 

[s0crates]

Probably because they have no answer lol. I suspect they use US ETF because they build their investment strategy around having the option to trade aggressively, with access to a wider range of ETFs so using US ETFs with its higher liquidity and greater options of ETFs make the most sense.

Interesting post on the 40% estate tax for sums above $60,000. I am also puzzled as to why StashAway and Syfe are evasive on this.


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[smoothtalker]

Kinda agree. Stashaway's team has been strong since the first day similar to the credentials of Endowus. I actually prefer those times where stashaway was still small and Ha Luong was fronting the client side. We could even talk to Michele. I don't enjoy at all dealing with the client team today and have reduced my aum. Likewise i am fine with Dhruv from Syfe but didn't have a good experience with the client team.

I went for Stashaway for 2 years with peace of mind. Check out the peoples from Syfe Linkedin. I've no confidence in Indian engineering team. Offshore some more.