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I've used stashaway for a few months now and the general investing has been relatively quite good. I've been eyeing the income portfolio for a month now and I'm wondering if it's worth it. Is anyone using the income portfolio? Some reviews would be good.
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As Gabriel has mentioned, returns are pretty low. Perosnally i prefer building up my own income portfoilo due to the better returns. However this involves learning!
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Gabriel Tham
02 Dec 2019
Tag Team Member at Kenichi Tag Team
Personally, I think the returns are too low to consider this. One can easily replicate the portfolio...
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Stashaway is one of many robo advisor platforms in the market. Basically a robo advisor manages your investments by parking in them into a variety of exchange traded funds based on your risk profile.
The robo advisor charges a small fee to help allocate your funds into a fixed portfolio. The fee does include transaction fees related to buying and selling the ETFs and any ongoing rebalancing fees.
For investors who want a fuss-free approach, Stashaway and the other robo advisor platforms may be a good approach. For investors who want better returns and more control over your investments, a more hands-on DIY approach will be better.
I wrote a longer article on some of the pros and cons to roboadvisors on my blog.