Wednesday, March 17, 2021

Endowus , Syfe and StashAway : My experience So Far


In an attempt to find better way to simplify how I make the equities investment (I must admit that I am poor at stock picking and timing the market), I've been trying out a number of robo-advisors (all regulated by MAS) which are quite popular locally, in the past few months. 

So, this post is to share my experience thus far on each of these platforms. The 3 platforms that I will be touching on are :

1. Syfe - Started since Dec 2020 (for my cash investment)

2. StashAway - Started since Dec 2020 (for my SRS investment)

3. Endowus  - Started since Mar 2021 (for my CPF-OA investment)

Note: a. As I am investing varying amounts in each of these platforms, so I will indicate their performances in % for better comparison. b. I've chosen the portfolio with "higher return potential" in all my initial investments.   

1. Syfe

a. App experience: The App's UI  is sleek and easy to use. The App UI has been slightly revamped recently, once you get the hang of it, it's easy-peasy. Also, the funding/deposit process is quite straight-forward, for depositing from local banks, you can use either PayNow (via UEN) or FAST/GIRO transfer via Internet Banking. 

b. Investment details: You can select from a few of the predetermined core portfolio i.e. Core Growth (my choice), Core Balanced, Core Defensive, Cash+ or REIT+ (latest addition). Once you've chosen the portfolio (you can choose multiple portfolio for your investments), you will be able to see the actual funds/stocks purchased and the fees paid (if any) upon clicking into the portfolio.

c. Investment Performance (from Dec 2020 till Mar 2021): 5.74% (Time weighted Return)    

d. Other Useful Stuff: The same App contain Knowledge (or educational) section covering Guides, Advices, Magazines and even Webinars on anything and everything about personal investing.   

e. My take so far: I am quite happy with my experience so far and the next portfolio that I will be interested to explore further is their REIT+ portfolio.  If you are keen to explore this platform, do feel free to use my referral code of SRPTG2S4L to enjoy the fee waiver of up to 6 months on first S30,000 investment. 

2. StashAway:

a. App experience: The App's UI  is slightly more complicated but still not difficult to maneuver around. As I am in vesting my SRS amount in this platform, I just need to link my SRS Account and indicate the amount to begin my investment. For cash investment, the funding/deposit process is quite straight-forward, for depositing from local banks, you can use either PayNow (via UEN) or bank transfer via Internet Banking. 

b. Investment details: You can select from a few of the predetermined core portfolio i.e. General Investing (my choice), Goal-Based Investing or Income Portfolio. Once you've chosen the portfolio (you can choose multiple portfolio for your investments), you will be able to see the actual funds/stocks purchased and the fees paid (if any) upon clicking into the portfolio.

c. Investment Performance (from Dec 2020 till Mar 2021): 6.63% (Time weighted Return)    

d. Other Useful Stuff: The same App contain Academy section covering videos and articles as well as upcoming events on anything and everything about personal investing.   

e. My take so far: I am quite happy with my experience so far and I will consider continue to invest my SRS fund in this platform going forward.  If you are keen to explore this platform, do feel free to use my referral code here  to enjoy the fee waiver of up to 6 months on first S10,000 investment. 

3. Endowus:

a. App experience: As I need to complete the "ABS-SAS eLearning Module for Unit Trusts and Investment-Linked Insurance Products" and upload my certificate online once I passed, it took me ahile before my onboarding process is finally completed in Mar 2021. The App's UI  is clean and professionally look, not difficult to maneuver around. As I am investing my CPF-OA amount in this platform, I just need to link my CPF-OA Account and indicate the amount to begin my investment. For cash investment, the funding/deposit process is quite straight-forward, for depositing from local banks, you can use either PayNow (via UEN) or bank transfer via Internet Banking. So far, this is the only robo-advisor platforms (among the three) that allow the source of fund from Cash, SRS and CPF-OA. 

b. Investment details: You can select from a few of the predetermined core portfolio i.e. General Wealth Accumulation (my choice), Cash Smart, Fund Smart. Once you've chosen the portfolio (you can choose multiple portfolio for your investments), you will be able to see the actual funds/stocks purchased and the fees paid (if any) upon clicking into the portfolio.

c. Investment Performance (from Mar 2021 till Mar 2021): 1.52% (Time weighted Return)    

d. Other Useful Stuff: N.A.

e. My take so far: I am still monitoring the performance of this portfolio as it is too early to assess at the moment.  If you are keen to explore this platform, do feel free to use my referral code here  to enjoy the fee waiver of up to 6 months on first S10,000 investment. 

Are you investing with any of the abovementioned Robo-adviser? What is your experience so far?

Cheers!

1 comment:

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