Stashaway discussion thread

[Kojo0403]

Yes I'm probably going withdraw all my funds too.

It's silly to pay them a monthly fee to make this kind of knee-jerk reactionary decisions with my retirement funds. Nobody told them to devote such a sizeable allocation to KWEB and realise something like a 70% loss at price that will probably be an all time low for KWEB. All this without first informing us and giving us the option of opting out this so called "reoptimisation".

It's like their high-risk hedge fund-like gamble went south and they left me to foot the bill. By the time they reacted to the risk of secondary sanctions on China, it had already been priced in: hence the $21.78 liquidation price. So what made them think they would be able to protect their investors by locking in the loss? It's so frustrating and laughable; like watching an inexperienced newbie invest.

Whoever made this decision needs to be held accountable.

20% into china (EM/ capital control economy) tech do really seems too high.
For a well diversified fund it should probably have no more than 10% in such narrowly focused etf.

 

[avatarfire]

AUM managers are the worst kind. Don't ever invest with them. Invest only with active managers, if you insist, that accept a performance-based fee, i.e. they are paid only if they deliver positive returns.

all your AUM fees goes to pay for their fancy office, perks, staff, and software engineers that make the app pretty but don't improve your investment.

 

[silverbomb]

the issue is that Stashaway received rave reviews prior to Covid as it seemingly performs the best among the existing robos back then, which is why they received more sign-ups and pumping more investment by existing users based on past good words and seeing their portfolio grow steadily on them. but since covid started, somehow their performance just doesn't seem to justify and catch up with the growth rate as the world recovers from the march 2020 covid sales. it's like a PR own-goal there with this poor sets of decision making in recent times.

 

[dappermen]

active mgrs means Cathie Wood ?

Invest only with active managers, if you insist, that accept a performance-based fee, i.e. they are paid only if they deliver positive returns.

 

[lovemyself123]

terrible active fund management. clown decision making skills - might as well just follow wallstreetbets

 

[sohguanh]

the issue is that Stashaway received rave reviews prior to Covid as it seemingly performs the best among the existing robos back then, which is why they received more sign-ups and pumping more investment by existing users based on past good words and seeing their portfolio grow steadily on them. but since covid started, somehow their performance just doesn't seem to justify and catch up with the growth rate as the world recovers from the march 2020 covid sales. it's like a PR own-goal there with this poor sets of decision making in recent times.

Companies come and go and so does fintech companies. It is good market correction come early to test each fintech performance so that investors know which are good and which are really mediocre. I await to see 5 years later if SA still around or get merged or buy over etc etc.

 

[LAMtopia]

active mgrs means Cathie Wood ?

Like First Sentier, Dimensional, PIMCO, PineBridge this kind.

 

[WoShiPro]

Before SA invest heavily in kweb. They also have high allocation of gold in their portfolio. Luckily I move my SRS to endowus when it was still profiting and now my endowus dimensional portfolio is still decent..

 

[Kojo0403]

the whole idea of existing China entirely just don’t makes sense.
None of the major index providers removed China from its EM index or Asia index etc. Unlikely Russia which was classified as standalone market by MSCI.

Making a decision to exit china market totally doesn’t sounds rational especially after a few consecutive days of sharp draw down.

It’s almost like stashaway is jumping ahead of Biden to declare a full sanction to chinese companies and freezing all chinese assets.

 

[lovemyself123]

the whole idea of existing China entirely just don’t makes sense.
None of the major index providers removed China from its EM index or Asia index etc. Unlikely Russia which was classified as standalone market by MSCI.

Making a decision to exit china market totally doesn’t sounds rational especially after a few consecutive days of sharp draw down.

It’s almost like stashaway is jumping ahead of Biden to declare a full sanction to chinese companies and freezing all chinese assets.

Stashaway has proven time and time again they are dumbwits

I plan to withdraw my funds just waiting for right time

 

[Kojo0403]

Also one should consider the risk and reward of doing so. kweb fallen from $100 to $20.
what are the odds between fall from $20 to $10 and rising from $20 to $30?

i.e. is it more likely for baba to drop from $70 to $35 or from $70 to $100?

They always emphasis on valuation gap. this time round they have thrown it entirely out of the window

 

[lovemyself123]

Also one should consider the risk and reward of doing so. kweb fallen from $100 to $20.
what are the odds between fall from $20 to $10 and rising from $20 to $30?

i.e. is it more likely for baba to drop from $70 to $35 or from $70 to $100?

They always emphasis on valuation gap. this time round they have thrown it entirely out of the window

What's your plan have you withdraw everything?

 

[Velton]

My profits down till 6%. Wasted these few years..

 

[avatarfire]

the issue is that Stashaway received rave reviews prior to Covid as it seemingly performs the best among the existing robos back then, which is why they received more sign-ups and pumping more investment by existing users based on past good words and seeing their portfolio grow steadily on them. but since covid started, somehow their performance just doesn't seem to justify and catch up with the growth rate as the world recovers from the march 2020 covid sales. it's like a PR own-goal there with this poor sets of decision making in recent times.

this ALWAYS happens. investors see annualized performance over the past and think, wow, that's good, I can achieve it too!

the truth is no investor can remain sane during market drops and they just end up selling at the worst times. but disciplined investors will have a price in mind and don't go selling. and they won't put themselves in the position of selling.

i think robo focus on the poorest people (no account minimums!?) not only supercharges their growth, but also penalizes them heavily when investors pull funds.

and if you think about it, even if they manage $2k or $30k, that one person can go around complaining loudly everywhere. so they really need to focus on quality than quantity of clients.

 

[avatarfire]

active mgrs means Cathie Wood ?

including her, of course.

Buffett, Dalio, Lynch, Gabelli, Soros, Klarman, etc. - all are active managers.

Well, you don't pay Buffett a management fee if you buy BRK.

 

[avatarfire]

Like First Sentier, Dimensional, PIMCO, PineBridge this kind.

Dimensional is kind of here and there. They're primarily indexers but use a certain tilt to things. Especially with their bond investing strategy because they target the optimal part of the "yield curve." Mind-boggling, if you ask me. Can lookup Kyith's blog about Dimensional and what they do.

Pure indexing is Vanguard or Fidelity.

 

[dappermen]

Before SA invest heavily in kweb. They also have high allocation of gold in their portfolio. Luckily I move my SRS to endowus when it was still profiting and now my endowus dimensional portfolio is still decent..

Yes sa was just so wrong!!!! Hve to
Wdraw then….

Though
It is unprofessional to jump in now to critique sa now! I left last yr not only when sa started making obvious silly moves by now, i can see that many r not even sa investors started coming here and #metoo! For gdness sake!!!!

 

[silverbomb]

including her, of course.

Buffett, Dalio, Lynch, Gabelli, Soros, Klarman, etc. - all are active managers.

Well, you don't pay Buffett a management fee if you buy BRK.

Cathie wood ARK invest also haven't really put itself in good lights Sound similar to SA where alot of good stuffs said about ARK (her portfolios did tremendously well for that 1 entire year due to good calls plus market rebound aft covid and suddenly everyone knows who's she) and many ppl wanting to park their money somewhere due to low interest environment put their money with ARK but subsequently her portfolios didn't live up to previous hypes as of now. But of cos she hasn't did smth like SA with that KWEB own goal.

 

[avatarfire]

Cathie wood ARK invest also haven't really put itself in good lights Sound similar to SA where alot of good stuffs said about ARK (her portfolios did tremendously well for that 1 entire year due to good calls plus market rebound aft covid and suddenly everyone knows who's she) and many ppl wanting to park their money somewhere due to low interest environment put their money with ARK but subsequently her portfolios didn't live up to previous hypes as of now. But of cos she hasn't did smth like SA with that KWEB own goal.

but that's the point right? ARK has been around before COVID and they've always been doing those 10x stock plays in really nascent industries and their less than top-grade companies. they still do that. it's investors and their ridiculous expectations for a hundreds of billion dollars-sized fund to consistently get 30%+ annualized returns.

when your fund is so big it's like a battleship, the displacement is so big that it's impossible to get such high returns.

Also lol at people panicking at 6% losses. Come on, you're invested in stocks. You should be unbothered by even 50% loss.

I didn't read into why SA decided to pull from KWEB. I didn't think what they could do, I can't do on my own. Just put $100 into SA, then copy their allocations in your own portfolio. Save the management expense ratio. Of course this won't be doable for everyone.

 

[dappermen]

. You should be unbothered by even 50% loss.

quite true!!!!!!!