Just came across StashAway, sounds familiar but I am really not sure what is it. Is it another P2P platform? From the reviews it looks like a bank account that allows people to buy shares etc.? :o - Seedly
 

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StashAway

Asked by Qingling Wu

Asked on 10 May 2019

Just came across StashAway, sounds familiar but I am really not sure what is it. Is it another P2P platform? From the reviews it looks like a bank account that allows people to buy shares etc.? :o

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Stashaway is not a P2P platform.

Stashaway is a roboadvisor/robo investing platform.

How it works is you create an online account with them. Get a basic risk and financial profiling. They recommend you a portfolio based on your risk profile. You decide how much you want to invest, and deposit the money. They do all the investing for you for a small fee.

They don't buy individual company shares rather they invest in ETFs (exchange traded funds) which is a fund containing hundreds of companies and benchmarked against an index.

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Adrian Wong
Adrian Wong

10 May 2019

Not to be quoted. But I think their performance is reasonable. I set on with a highest risk profile. Started September. During the trader war end of the year in December January market was bad and it went to -8%. From that the market bounced and I am at +6% up now. It’s better compared to MAPS with Fundsupermart which I think is human managed. MAPS goes no where to be honest. Waiting to pick up and move it to Stash.
Qingling Wu
Qingling Wu

13 May 2019

Thanks Gabriel and Adrian, may I know what are the possible risks for this platform?