Robo War Experiment (RWE) Update – September 2023

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2023/10/04/robo-war-experiment-rwe-update-september-2023/

This is a performance update to my Robo War Experiment (RWE) posted here:
https://pwlcm.wordpress.com/2023/09/08/robo-war-experiment-rwe-update-august-2023/

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

__

MoneyOwl Portfolio Transfer to iFAST

The transfer of the MoneyOwl Equity 100 portfolio (together with my other MoneyOwl portfolios) to iFAST was indeed done seamlessly. Each of my MoneyOwl portfolio was given a Personal Wrap Account in iFAST, and all the previous monthly account statements were found in the account inbox.

Performance Update

Here is the September 2023 Performance Update:

All 5 robo advisors and 3 benchmark indices suffered a bigger drop in September 2023 than the previous month. Syfe portfolio's XIRR since inception turned red, and only Endowus portfolio maintained in positive territory. And MSCI AWCI was the only index with XIRR turned negative.

Key Observations

1. All 5 robo advisors and 3 benchmark indices remained in negative territory.
2. Syfe continued to suffer the largest loss among the robo advisors, and the smallest loss goes to StashAway portfolio.
3. Endowus portfolio is the only robo advisor with XIRR since inception remained in the black.

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