Robo War Experiment (RWE) Update – August 2024

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2024/09/05/robo-war-experiment-rwe-update-august-2024/

This is a performance update to my Robo War Experiment (RWE) posted here: https://pwlcm.wordpress.com/2024/08/09/robo-war-experiment-rwe-update-july-2024/

Disclaimer: This post is just for educational sharing purposes. Please do your own due diligence on any products mentioned in this post.

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Performance Update

Here is the August 2024 Performance Update:

All 5 robo advisors sufferred small losses in August 2024, so was S&P 500. The 2 MSCI indices were doing better with positive returns.

At first I was puzzled about the monthly loss in S&P 500, noticing that S&P was at 5522.3 in 31 July and 5648.6 in 30 August, an increase of 2.28%. I checked the formula in my spreadsheet and was reminded that the S&P numbers are in SGD. Indeed there was a depreciation of USD vs SGD, similar magnitude of about -2.28%. The end result was a slight loss in S&P SGD portfolio.

Key Observations

1. All 5 robo advisor portfolios suffered losses in August 2024.
2. S&P 500 in SGD also suffered slight loss in August 2024.
3. SqSave continued to stay in negative XIRR since inception.
4. Endowus remained the top XIRR performer among the robo advisors.

Referral Links

Endowus: https://endowus.com/invite?code=J6YV3 Syfe: https://www.syfe.com/invite/wealth/SRPTRJTFQ StashAway: https://www.stashaway.sg/referrals/choonght43 MoneyOwl: https://moneyowl.com.sg/app/accounts/sign-up?referral_code=5FZY-58AG SquirrelSave: https://app.squirrelsave.com.sg/Start/Referralcode?referralid=2996