Robo War Experiment (RWE) Update – May 2023

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2023/06/09/robo-war-experiment-rwe-update-may-2023/

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

Even though the 3 benchmark indices remained positive in May 2023, Syfe and StashAway portfolios were slightly in the red, so was MoneyOwl portfolio deeper in the red at -1.31%. Endowus and SquirrelSave portfolios maintained their positive returns in May 2023.

Key Observations

1. All 3 benchmark indices and 2 robo advisors (Endowus and SquirrelSave) remained at positive monthly returns in May 2023, but the remaining 3 robo advisors (Syfe, StashAway and MoneyOwl) were in the red.
2. Endowus returned to positive territory in terms of XIRR since inception.

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