Asked 2w ago
Based on my risk appetite, Stashaway has provided a return of around 21-25% and Syfe around 15-17% whereas Endowus has been the lowest around 5-6% with a deviation of 16%. Need advice. I’m looking to take most money out of Singlife as 2.0% is too low for me.
Past 1 year's performance is not enough to conclude which is the go-to platform.
Consider focusing on their asset allocations and what they are investing in exactly.
1 year return is not sufficient to compare their performance. 5-10 years will be better. In the short term, returns dosen’t mean anything at all. Additionally, this year stock market has been extremely crazy, not every year will be like this year. S&P500 historical return is 8-12%pa (depending on the timeframe). It’s nearly impossible that stashaway can get 21%pa for 10 year straight. So instead of looking at their 1 year performance, you should look at the robo advisors’ strategy and what they invest in. Choose one which you agree n suits you. For instance, Syfe equity 100 uses the smart beta strategy.
Have you explored ETFs too?