Should I have multiple robo portfolios according to risk level to mitigate the risk?

Hallo

To answer this question, you need two things. First, to understand what your StashAway portfolio is comprised of. Second, to understand what is meant by mitigating risk.

Concerning composition:

• I don't know what they comprise, but I'm guessing the 12% and 30% portfolios probably comprise a mix of equities, fixed income and commodities in different compositions. The 12% portfolio may contain some assets not in the 30% and vice versa. Ultimately, your two portfolios combined might just wind up reflecting the composition of say, a StashAway SRI 20% portfolio.

• It's like going to Macs right, then you want to buy a burger. Then you say, oh scared I still hungry. So buy fries. Then again you say, eh wait, scared later I thirsty. So you buy coke. Like that - might as well buy a meal from the get-go - it's meant to encompass all those requirements in one purchase.

Concerning risk mitigation:

• You need to ask why you need to mitigate the risk. If an SRI of 30% is too much for you to tolerate, then you need to find out why you considered the 30% portfolio in the first place.

• Again, it's like going to Macs and saying I want to eat two Double McSpicy. Aiya but scared later too spicy, so I buy two large coke also. Well, if it's gonna be too spicy for you to tahan, then just stick with one Double McSpicy so you don't need buy an extra coke for nothing.

The only scenario I'd consider using two different portfolios is if I'm using them for two different investment goals. The 30% one would be a longer term goal and the 12% one would be a shorter term goal (and hence cannot afford to take on as much risk).