Stashaway discussion thread

[sohguanh]

StashAway launches third cash management portfolio with fixed deposit holdings, daily-reviewed rates​

https://www.theedgesingapore.com/ne...gement-portfolio-fixed-deposit-holdings-daily
Digital wealth manager StashAway has introduced StashAway Simple Guaranteed, its third cash management portfolio after StashAway Simple and StashAway Simple Plus.

According to StashAway, the Simple Guaranteed portfolio is the first-of-its-kind in Singapore to provide guaranteed returns on any investment amount.

With no management fees from StashAway, Simple Guaranteed has a projected return rate of 3.4% p.a. as at April 24, over a lock-in period of six months. The rate of return for Simple Guaranteed will be reviewed daily and updated as needed, says StashAway, providing clients with the flexibility to choose when to lock in their rate.

StashAway says its Simple Guaranteed portfolio invests in fixed deposits from reputable banking providers regulated by the Monetary Authority Singapore (MAS). At launch, the funds will be placed in fixed deposits from Citibank N.A., Singapore Branch, says StashAway to The Edge Singapore.

This is interesting. It says guaranteed returns but need lock-in over six months so isn't it like bank FD concept? I have Syfe Cash+ and it is averaging about 3.2-3.4% but it never say guaranteed. Now SA put the magic word Guaranteed! Anyone already vested or all wait for more info to be available?

 

[s0crates]

This is interesting. It says guaranteed returns but need lock-in over six months so isn't it like bank FD concept? I have Syfe Cash+ and it is averaging about 3.2-3.4% but it never say guaranteed. Now SA put the magic word Guaranteed! Anyone already vested or all wait for more info to be available?

It's garbage.

Look at this table. Not SDIC insured. Waste of everyone's time and effort.

https://www.stashaway.sg/help-cente...simple-guaranteed-and-a-fixed-deposit-account

 

[edmwing]

StashAway launches third cash management portfolio with fixed deposit holdings, daily-reviewed rates​

https://www.theedgesingapore.com/ne...gement-portfolio-fixed-deposit-holdings-daily
Digital wealth manager StashAway has introduced StashAway Simple Guaranteed, its third cash management portfolio after StashAway Simple and StashAway Simple Plus.

According to StashAway, the Simple Guaranteed portfolio is the first-of-its-kind in Singapore to provide guaranteed returns on any investment amount.

With no management fees from StashAway, Simple Guaranteed has a projected return rate of 3.4% p.a. as at April 24, over a lock-in period of six months. The rate of return for Simple Guaranteed will be reviewed daily and updated as needed, says StashAway, providing clients with the flexibility to choose when to lock in their rate.

StashAway says its Simple Guaranteed portfolio invests in fixed deposits from reputable banking providers regulated by the Monetary Authority Singapore (MAS). At launch, the funds will be placed in fixed deposits from Citibank N.A., Singapore Branch, says StashAway to The Edge Singapore.

Higher fees for Simple and Simple Plus

The launch comes a day after StashAway raised management fees for its two existing cash management portfolios, Simple and Simple Plus.

From July 1, StashAway’s Simple and Simple Plus portfolios will bear a management fee of 0.15% p.a. and 0.2% p.a. respectively. The coming hike represents a 15 basis points (bps) increase for both portfolios.

In an email to users on April 23, StashAway says the fee hike will ensure the company can cover the cost of operations, and the advertised return rate of its portfolios will always be net of fees.

StashAway launched Simple Plus in July 2022 with a projected 2.7%–3.2% p.a. return, which was then nearly twice the projected rate of return of its inaugural portfolio, Simple.

At the launch of Simple Plus, StashAway advertised a waiver of management fees until June 30 this year. StashAway said then that it would levy a 0.05% p.a. fee on Simple Plus accounts thereafter.

Meanwhile, Simple portfolios are currently not subject to management fees.

As of April 23, the projected rates for StashAway’s Simple Plus are between 4.6% and 5% p.a., while the Simple portfolio touts a projected rate of 3.4% p.a.

Stashaway Simple was launched in November 2019 with a projected rate of 1.4% p.a. This was later adjusted down to 1.2% p.a. on March 1, 2021; before slipping further to 1.0% p.a. on Dec 1, 2021.

In May 2022, StashAway and its peers began raising interest rates on their respective cash management portfolios, after the US Federal Reserve started raising rates in March 2022 to quell inflation.

Simple Plus’ underlying funds are: 20% in the LionGlobal SGD Enhanced Liquidity Fund, 35% in the Nikko AM Shenton Short Term Bond Fund and 45% in the LionGlobal Short Duration Bond Fund.

Stashaway Simple’s underlying funds are: 30% in the LionGlobal SGD Money Market Fund and 70% in the LionGlobal SGD Enhanced Liquidity Fund.

Traditionally, the easiest way to optimise returns on cash was to keep looking for the highest-yielding bank savings account and go through tedious conditions, says Stephanie Leung, chief investment officer at StashAway. “We now have a sophisticated suite of cash management solutions that caters to different customer needs and financial goals, empowering our clients to make the most out of their cash — no matter how unpredictable the market may be.”

Simple Guaranteed and Simple both are 3.4%. They target folks that have no access to tbills? Trashaway seems to lost sense of direction.

 

[creatrixnator]

Basically it’s no minimum ($1) and don’t need to be round to $1000, and for the first 2, more liquid than tbills

 

[lingusthefungus]

9 months later... I am still 20% down waiting for Stashaway to recover. Bunch of cheaters!

one to 2 years ago, i invested with another robo starting with letter E. hold on for one year and got back only 3% less fees (if remembered correctly). if held on until today, probably also negative returns. the strange thing is other people posted in that thread they make double digit returns over the same period.
so, my point is, only you can decide whether you want to continue trusting them or cut loss.

 

[sohguanh]

one to 2 years ago, i invested with another robo starting with letter E. hold on for one year and got back only 3% less fees (if remembered correctly). if held on until today, probably also negative returns. the strange thing is other people posted in that thread they make double digit returns over the same period.
so, my point is, only you can decide whether you want to continue trusting them or cut loss.

That is so true. In an anonymous forum readers can big cannon fairy alot. So you need to read with a pinch of salt. If you think I also big cannon fairy by all means believe so. I know I share honestly in this forum. Lose monies I also post. Win I seldom post becuz scare ppl say I big cannon fairy.

 

[IcYFl4mEz]

started this robo in 2021 i think, till now still lose more than 10%. just gonna put that money in there since no use for it. 5 figures.

 

[PentelPaint]

Tiagong they implementing management fee for their simpur and simpur plus portfolio.

Think is final push for moi to liquidate both stashaway and syfe. Both platform lost me 10% each.

 

[sohguanh]

Tiagong they implementing management fee for their simpur and simpur plus portfolio.

Think is final push for moi to liquidate both stashaway and syfe. Both platform lost me 10% each.

This bring me back to my always question. When one enter into a new investment instrument in this case robo how much is your minimum investment? I understand both can be low so if you test water should not be burnt so badly. Problem is and also for me small initial investment very green color happy whack more in and then down red color so stuck inside.

 

[sohguanh]

Anyone going for their 1 month 3.8% ? Hmmmm only 1 month leh if open account means I need to monitor one more robo/broker

https://www.stashaway.sg/simple-guaranteed

 

[dango_daikazoku]

Anyone going for their 1 month 3.8% ? Hmmmm only 1 month leh if open account means I need to monitor one more robo/broker

https://www.stashaway.sg/simple-guaranteed

Looks good, can lock in longer if you want.

But no SDIC protection ah

 

[direbmem]

Think can put in 10k try try 1 mth?

 

[sohguanh]

Think can put in 10k try try 1 mth?

Can but usually every 2 weeks I apply T-Bill so I need the flexibility to withdraw when time comes. So I shall give this a miss.

 

[Spirax]

Anyone going for their 1 month 3.8% ? Hmmmm only 1 month leh if open account means I need to monitor one more robo/broker

https://www.stashaway.sg/simple-guaranteed

this one can used SRS too, current 3.8% for 3mth

 

[sohguanh]

this one can used SRS too, current 3.8% for 3mth

Know this but I am not a SRS lover aka siam pay tax feature but monies locked inside long long until 63 i cannot wait.

 

[grandorder302]

For anyone curious, total management fee i paid to SA.

Aug-2021 to Dec-2023

$ 283.44

Started to incur fee after Aug 2021 when i run out of free management fee.

Just to share my current portfolio, only DCA $300-$400 every month.

 

[minamikaze]

So.. about $600 per year to manage a portfolio of about $23k?

For anyone curious, total management fee i paid to SA.

Aug-2021 to Dec-2023

$ 283.44

Started to incur fee after Aug 2021 when i run out of free management fee.

Just to share my current portfolio, only DCA $300-$400 every month.

 

[IcYFl4mEz]

For anyone curious, total management fee i paid to SA.

Aug-2021 to Dec-2023

$ 283.44

Started to incur fee after Aug 2021 when i run out of free management fee.

Just to share my current portfolio, only DCA $300-$400 every month.

where do you see how much fee you paid? mine was from 2021 and till now still negative few hundreds

 

[yslvlys]

Started like 1+ year ago, even with current bull still just almost breakeven

 

[grandorder302]

So.. about $600 per year to manage a portfolio of about $23k?

No.. That's the total I've paid so far, every month the fee is around $8 ~ $9.
So in 2 years+ I've paid a total of $283 in fees.

where do you see how much fee you paid? mine was from 2021 and till now still negative few hundreds

In the monthly statements