StashAway Reviews and Comparison - Seedly
 

StashAway

  • Overview
  • Reviews (281)
  • Questions (120)
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Robo-Advisors/StashAway
Robo-Advisors/StashAway
StashAway
4.8
281 reviews

USER RATINGS

User Experience

4.9

Ease of Sign up

4.9

Customer Support

4.9
Robo-Advisors/StashAway
StashAway
4.8
281 reviews

USER RATINGS

Read reviews

User Experience

4.9

Ease of Sign up

4.9

Customer Support

4.9

StashAway

0.2% to 0.8% p.a.
PRICING
None
MINIMUM INVESTMENT
Web and Mobile App
PLATFORMS

    StashAway

    0.2% to 0.8% p.a.
    PRICING
    None
    MINIMUM INVESTMENT
    Web and Mobile App
    PLATFORMS

Details

Operations

MAS Capital Market Services Licence (CMS100604-1)

Methodology

Economic Regime-based Asset Allocation (ERAA)

Read More about StashAway
Reviews (281)

4.8

281 Reviews

  • 5
    236
  • 4
    33
  • 3
    7
  • 2
    2
  • 1
    3

Read Review About...

user experience

customer support

customer service

user interface

returns rate

highly recommend

easy understand

mobile app

long term

easy invest

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  • Posted 4d ago

    Purchased

    StashAway

    I joined stashaway on March 2019. So far, I am quite satisfied with the returns which is about 10% for highest profile portfolio. Of course, the returns depend on the market and your entry point.
    0 comments
    0
  • Posted 2w ago

    Purchased

    StashAway

    Easy to set up account and payment. The UI is simple, clean and user friendly. However, not much flexibility on how the funds are invested apart from adjusting the risk appetite levels.
    0 comments
    0
  • Posted 2w ago

    Purchased

    StashAway

    Easy to use user interface to determine your risk profile and the portfolio for general investing. Depositing the funds was quick via bank transfer or PayNow. [User Experience]
    0 comments
    0
  • Updated 3w ago

    Purchased

    StashAway

    The Bad: Stashaway may be evolving too quickly. Some metrics have become hidden for no good reason (e.g. currency impact). Some metrics are not straight-forwardly available (e.g. projected returns % for the various portfolios are not available). They only provide projected portfolio value over the long term, based on an assumed monthly contribution rate, which makes it very hard for the user to compare the portfolios with other robos' portfolios). Ironically, Stashway publicly chooses to disclose the projected returns of StashAway Simple™ and Stashaway income portfolio. But many users have expressed some doubts regarding the projected returns of Stashaway Simple. It seems to be optimistic with the long-term returns of Stashaway Simple (though they disclaim that they have lower expense ratio as they are using an institutional class fund). Also, the choice of the term 'cash management' to describe StashAway Simple seems to be somewhat downplaying the risk of StashAway Portfolios (though they make disclaimers on the risks involved, and have also attempted to explain how Stashaway Simple achieves the advertised returns thru rebates). Overall, Stashaway might be slightly too experimental with their introduction of new portfolios. I'd prefer if they simplify their portfolios and translate it to lower fees for all users. The Good: Stashway away has an excellent app and web interface. Most user-friendly of all. Excellent whatsapp support.
    1 comment
    0
    Amanda Ong
    Amanda Ong

    5d ago

    Hi G Y, thank you for your feedback! We really appreciate you taking the time to share that with us. The reason we decided to do away with currency impact display is because at the end of the day, investors should be looking at their total returns (instead of the currency impact and investment returns split) as we built in the USD exposure to hedge the portfolio. In itself, it is not an accurate representation of your currency exposure as it is not simply to the USD. For example, EWJ is a USD-denominated ETF that tracks Japanese equities: its currency exposure is mainly to JPY, not USD. Other ETFs such as AAXJ and VWO are focused on Asia ex-Japan and Emerging Markets, respectively. Even US-focused ETFs such as IVV (tracking the S&P500) have a fairly global exposure as the companies that compose this ETF are very global: among the top 10 holdings you’ll find global tech giants such as Apple, Microsoft, Amazon, Facebook and Google which derive earnings internationally. The cash management portfolio is not risk free and not principal guaranteed. However, it is very low risk with a StashAway Risk Index or has a 99% VaR of 1.7%. Michele, our CEO and Co-Founder discusses it here in this video and address the question "Is StashAway Simple™ risky?" at minute 14:02 https://bit.ly/2Pv5umf Ultimately, we're here to provide financial solutions that enable individuals to build their wealth. Cash management is an essential part of anyone's financial plan, even before investing, and so Simple is an obvious addition to our growing financial planning and management offering. Our goal is to have a full range of high-quality financial products so that our clients view us as their principal wealth management partner. Simple takes us one step closer to offering that experience to our clients. With that said, we do appreciate the feedback and will definitely keep this in mind for future product updates. Thank you again G Y!
  • Customer service is pretty good with WA, facebook messager. Started recently only, so will only know returns down the road. Easy to check your returns with their mobile app. Can invest with SRS. Account set up was pretty easy.
    0 comments
    0
Questions (120)

Recent Activity

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Investments

StashAway

Hi anon, To put things in perspective, you will want to compare your current portfolio size with your warchest. If you have not started anything or have a small or negligible portfolio size, then consider taking maybe 20-25% of your warchest to start off investing. If your portfolio is already sizeable, just stick with $1000/mth and retain your warchest in FD or high-interest saving accounts. Although your profile is aggressive, it is still prudent to ensure that you have hedged yourself against market risk. Consider putting together a multi-asset portfolio with various asset classes in order to make sure your portfolio achieves some semblance of balance. Your budget of $1K/mth can be used to build this portfolio while the warchest sits and waits for opportunities. If you need help understanding the classes of assets available to you, speak with an independent financial advisor to understand your options. Lastly, if you have 6 months of expenses in an emergency fund, consider bumping it up to 12. In the current economic climate, finding another job can take as long as a year.

Stocks Discussion

Savings

Bank Account

REITs

StashAway

Wallace Chai
Wallace Chai
Level 8. Wizard
Answered 4d ago
REITS wise. We always invest only when the yield is > 5%. So technically is 5% without taking capital gain into consideration.

SG Budget Babe

StashAway

Stocks Discussion

Hi Vicki, Stashaway simple is a 50/50 split between LionGlobal SGD Money Market Fund and LionGlobal SGD Enhanced Liquidity Fund SGD Class I Acc (ELF I). I would not classify it as a 'plan'. You are really investing into a fund of funds. The ELF I class requires 1 million to invest and hence not accessible by most retail investors. So it is a way to get into the fund without needing 1 mil. Based on the weighted average yield, and subtracting costs, 1.9% is theoretically possible. The ELF fund has some holdings that are only maturing in 2021; thus a higher yield is warranted. The MMF maturity dates are largely under one year, thus a lower yield. Due to the underlying holdings for MMF, it is very very rare to have a price drop on the holdings, leading to a loss in fund NAV, although it has occured on this fund before. However due to ELF having holdings with more than one year left prior to maturity, it is more possible that adverse price movement on the individual holdings will cause the fund to post losses in the short term. Hence, 1.9% is more of a theoretical number, I would certainly not take that as a guarantee of any sort. As the underlying are funds, you are definitely free to enter and exit any time. For comparison, Phillip MMF Fund is hovering around 1.35% with the same liquidity.

Investments

Savings

Bank Account

Stocks Discussion

Singapore Saving Bonds (SSB)

StashAway

Asheesh Chanda
Asheesh Chanda, Founder at Kristal.AI
Level 6. Master
Answered on 22 Oct 2019
I would suggest you evaluate a systematic plan into a balanced portfolio - which has a good mix of Equity ETFs, Bond ETFs and Gold. Systematically adding to such a portfolio every month can help build a corpus over time. You can also run the algorithm we have made available at Kristal.AI to see what is the suggested recommendation for your profile. Do note at Kristal.AI we have made investments up to 50K USD totally free of any advisory fee or hidden charges. Do compare it to other Robos before you go ahead.

Stocks Discussion

Supplementary Retirement Scheme (SRS)

MoneyOwl

StashAway

Hi anon, There is no estate tax in Singapore. It's only in other countries such as US or UK where it is rather high. Between MoneyOwl and Stashaway, you will have to decide. Your options for SRS are actually wider than that, so you can consider DIY-ing your own investments, don't limit your option to just MoneyOwl and Stashaway, there are many options out there. I can suggest that if you are going the DCA route, you can DCA 1k/mth, keeping 3K as a warchest for ad-hoc deployment when markets present opportunities.

AutoWealth

StashAway

Kristal.AI

Robo-Advisors

Stocks Discussion

Investments

There's no real reason to diversify in this fashion since the robos are already diversified, and since their investment strategies are not alike, its also not fair to dump in 3K each and do a comparison. Instead, decide if Robo is something suitable for you in the first place, and then find the Robo service that you prefer. But key point to note is that you must be prepared to go in for at least 3 years or more. And in the short term, you can expect to see losses due to volatility. Just because you handed your investments over to a Robo does not guarantee you'll make money.

Investments

Property

Retirement

Investment Linked Policies (ILP)

Endowment Policies

General

Cryptocurrency

Fresh Graduates

Ultimate Hacks: Adulting

Online Brokerages

Fixed Deposits

REITs

ETF

STI ETF

StashAway

Stocks Discussion

Hi anon, First thing would be to beef up your savings a little. Although you will only start graduate and start work in 3 years, it would be prudent to have a small emergency fund of at least 6 months expenses. Also, ensure you have at least a hospitalization policy in place, in the event of any unforeseen health issues. You may consider critical illness coverage after you start work unless you wish to get one now due to lower premiums at your age. If you have a medium to high-risk profile, then I would recommend that you can consider going 60%-75% into equities, equity funds, or ETFs, depending on the sector and risks that you prefer. This assumes that you do not have any defined timeframe with which that you need the money. The remaining allocation can be placed in fixed income or kept as a warchest for further opportunities. Property as an investment can be done as well, but capital outlay will be bigger and I do not think $50000 is quite enough to split between all the asset classes I have mentioned. However, with due consideration to the big picture, also remember to balance your risk, as well as how you will continue to add on to your investments in time to come. Some question which I will pose to you to think about include: - What do I want my money to do for me? - What is the level of risk that I will want at different stages of my life? - Will the asset class I choose give me the return I want, and with what risk? It will be advisable for you to understand all the options on the table before selecting the one(s) that you are comfortable with. If you have more specific questions, you can reply to this post and I'll weigh in with my own thoughts.

Investments

Robo-Advisors

Promo Codes

StashAway

If you use my referral link below, you can get up to $10,000 managed for free for 6 months. At least for first 6 months you can try out with a smaller amount without management fees!!!!!!! www.stashaway.sg/referrals/siownanw3zpr

Investments

StashAway

Anyone not a singaporean or PR still can open an account. https://www.stashaway.sg/faq/115003862188-i-am-not-singaporean-pr-can-i-open-an-account/

General

Fresh Graduates

StashAway

Robo-Advisors

HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 8. Wizard
Answered on 15 Sep 2018
Profile: No debts fresh grad just started full time job. Target: Side income Can read this by Seedly for a start: https://blog.seedly.sg/beginner-series-tips-seedly-money-framework/ With full time job, start budget and finanicial planning. Get basic protection (insurance first, then the $200 can either start somewhere as advice in the links above) On the other hand, don't give up on Tuition as side income as it is your side gig supporting your main job. This side gig gives u the $ to save for war chest for investment and use some for holiday and others and even if one day you're changing or in between job, you'll always have this side gig as income. Safety net! Meanwhile, read all the investment product reviews and choose what's fit you most. Next, save about 1k+ and read review at: https://seedly.sg/reviews/investment-courses to attend investment courses and start taking things into own hands while continue doing full time job and side gig tutition. This will allow you to achive whatever your financial purposes / dreams or FIRE early.
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About StashAway

StashAway started in the year 2016 by ex ZALORA Group CEO, Michele Ferrario and ex Nomura MD, Freddy Lim.

It is Singapore’s intelligent, automated digital wealth manager that personalises, rebalances, and optimises your portfolio so you can reach your goals.

Method of investing for StashAway

StashAway adopts an Economic Regime-based Asset Allocation™ method.

It is an investment strategy that harnesses economic trends to maximise your returns at the risk level that feels right to you.

Minimum investment and fees for StashAway

StashAway has no minimum balance required. This means that any amount of investment is welcomed.

StashAway charges a management fee ranging from 0.2% to 0.8%.