Robo War Experiment (RWE) Update – July 2024

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2024/08/09/robo-war-experiment-rwe-update-july-2024/

This is a performance update to my Robo War Experiment (RWE) posted here:
https://pwlcm.wordpress.com/2024/07/06/robo-war-experiment-rwe-update-june-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 July 2024 Performance Update:

After 2 months of positive returns, 2 robo advisors (Syfe and SqSave) and the S&P 500 index suffered losses. SqSave portfolio went back to negative XIRR since inception, after breaking into positive territory for the first time in the previous month.

Endowus continued to lead the pact with 7.01% XIRR since inception, while MoneyOwl took the lead in monthly returns.

Key Observations

1. Syfe and SqSave portfolios suffered losses in July 2024.
2. S&P 500 suffered slight loss in July 2024.
3. SqSave went back to negative XIRR since inception, after breaking into positive territory for the first time in June 2024.
4. MoneyOwl took the lead in monthly returns in July 2024
5. 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