Answers from the panel!
Sam (Endowus): Apart from Endowus, many of us have benefits such as low costs. We also have algorithms that provide benefits such as rebalancing and automation. We provide really sophisticated solutions at low cost digitally.
Michele (Stashaway): We try to prepare earlier. We have a risk first approach for portfolios, and we risk manage these portfolios continuously over time. In August last year, we have increased significantly allocation to US dollars, and decreased risks in known US asset classes. When the crash hit in February, we had significant allocation of US dollars, which helped to shield some of the losses in SGD and MYR.
Dhruv (Syfe): One of the premises we focus on is risk management, which is more dynamic. We started cutting out riskier positions in the month of February. Because of making early corrections, our users did not lose many funds and we did not see many withdrawals. In fact, we have been net positive every given day.
Asheesh (kristal.AI): General principle - Keep one eye on your tail. You should know what your tail risk is. Keep control of your leverage and make sure that asset allocation is diversified. The algorithms adapt themselves based on how the market behaves.
Tai Zhi (Autowealth): By design, we only use government bonds. So that is the key reason why our portfolio performance for the 1st quarter for the lowest risk, is a positive +1.8% return. Even on the most risky portfolios, it was only down 13% net returns for the first quarter. Advice: 1) Take risks judiciously, decide your risks level carefully 2) Have rainy day funds, at such COVID levels, these are the attractive levels that you want to accumulate investments at a market discount.
For more discussions on SeedlyTV S2E04, you could check out the video and Q&A here!
Answers from the panel!
Sam (Endowus): Apart from Endowus, many of us have benefits such as low costs. We also have algorithms that provide benefits such as rebalancing and automation. We provide really sophisticated solutions at low cost digitally.
Michele (Stashaway): We try to prepare earlier. We have a risk first approach for portfolios, and we risk manage these portfolios continuously over time. In August last year, we have increased significantly allocation to US dollars, and decreased risks in known US asset classes. When the crash hit in February, we had significant allocation of US dollars, which helped to shield some of the losses in SGD and MYR.
Dhruv (Syfe): One of the premises we focus on is risk management, which is more dynamic. We started cutting out riskier positions in the month of February. Because of making early corrections, our users did not lose many funds and we did not see many withdrawals. In fact, we have been net positive every given day.
Asheesh (kristal.AI): General principle - Keep one eye on your tail. You should know what your tail risk is. Keep control of your leverage and make sure that asset allocation is diversified. The algorithms adapt themselves based on how the market behaves.
Tai Zhi (Autowealth): By design, we only use government bonds. So that is the key reason why our portfolio performance for the 1st quarter for the lowest risk, is a positive +1.8% return. Even on the most risky portfolios, it was only down 13% net returns for the first quarter. Advice: 1) Take risks judiciously, decide your risks level carefully 2) Have rainy day funds, at such COVID levels, these are the attractive levels that you want to accumulate investments at a market discount.
For more discussions on SeedlyTV S2E04, you could check out the video and Q&A here!