Robo War Experiment (RWE) Update – July 2023

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2023/08/06/robo-war-experiment-rwe-update-july-2023/

This is a performance update to my Robo War Experiment (RWE) posted here:
https://pwlcm.wordpress.com/2023/07/05/robo-war-experiment-rwe-update-june-2023/

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 July 2023 Performance Update:

July was yet another month in 2023 with all 5 robo advisors and 3 benchmark indices turning in positive monthly performance. This round it was the Syfe portfolio and MSCI ACWI that clocked in the highest returns among the robo advisors and benchmark indices respectively.

In terms of XIRR since inception, all 5 robo advisors and 3 benchmark indices had improved over the previous month. Endowus portfolio and S&P 500 index took the lead respectively.

Key Observations

1. All 5 robo advisors and 3 benchmark indices have positive returns in July 2023.
2. Syfe portfolio had the highest return of 2.37% among the robo advisors.
3. MSCI ACWI took the highest return of 1.75% among the indices.
4. Endowus XIRR since inception further improved to 3.34%.
5. All 5 robo advisors followed the positive trend in July 2023.

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