StashAway Reviews and Comparison - Seedly
 

StashAway

  • Overview
  • Reviews (283)
  • Questions (148)
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Robo-Advisors/StashAway
Robo-Advisors/StashAway
StashAway
4.8
283 reviews

USER RATINGS

User Experience

4.9

Ease of Sign up

4.9

Customer Support

4.9
Robo-Advisors/StashAway
StashAway
4.8
283 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 (283)

4.8

283 Reviews

  • 5
    238
  • 4
    33
  • 3
    7
  • 2
    2
  • 1
    3

Read Review About...

user experience

customer support

customer service

rate return

user interface

easy understand

highly recommend

long term

easy invest

returns good

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  • Updated 5h ago

    Purchased

    StashAway

    [User Experience] I think the platform is really easy to navigate through and the app has a smooth feeling to it. [Returns Rate] I have been investing since start of 2020 and I haven't seen any significant gains or returns. Everyday there is a slight change in the return. My highest loss was 80 cents so far and the highest gain was 7 cents. But they never seem to increase constantly or decrease constantly.I am not so sure about the returns aspect but I am new to this and I have only used the app less than a month. [Waiting Time] I think the time taken for taking the deposit and putting into the investment plan is very slow. It takes more than one to two business days sometimes. And due to currency differences sometimes the actual amount you distribute through your portfolios may vary. But you can withdraw your money any time you want.
    0 comments
    0
  • Updated 3d ago

    Purchased

    StashAway

    TLDR: Easy for beginner investors, low fees, good customer support. Fees are accounted for and the amounts you see are the amounts you can withdraw. Returns can be quite high and are always fair. Highly recommended for ease-of-mind and fuss-free investing. 5/5 [User Experience] 5/5 The UI for Stashaway is intuitive, efficiently informative, and also aesthetically pleasing. It helps that Stashaway is an app (the Android version even has secure log-in to the app for extra security) and accordingly is very accessible on the go. Opening the app itself quickly shows you the information you need - Your current investments and invested amounts. Easily one of the best UI out there. [Onboarding Experience] 5/5 The platform is really intuitive and you can create multiple portfolios with different runways and risk appetites. This allows you to customise and partition your investments to your different needs. For example, I have a larger portfolio with low-risk and hence lower returns, but is intended for my renovation in a few years. I also have a portfolio that's more aggressive with higher risk and potential returns, but I put less money there. Everything is explained to you and you have full transparency at all times. Easy to onboard for beginners. [Customer Support] 5/5 There is a built-in WhatsApp button on the app itself which brings you to your WhatsApp messenger and allows you to speak to a customer service officer. It only took them a day to get back to me with proper answers to my queries. No problems here. [Returns Rate] 5/5 Returns are fair. I'm averaging 6-8% returns across my various portfolios after fees which is very fair given that all you do is put money in and let their algorithms work. Furthermore, their fees are one of the lowest out there. No complaints here. [Waiting Time] 5/5 You wait about 1 to 2 working days for your money transfer to be registered in your account, which is very easy. I haven't experienced delays in withdrawing monies too. [Investment Method] 5/5 As I understand it, their algorithms automatically adjust the investments as market conditions change. Risk levels are calculated at a 1% chance of losing 10% to 30% of your capital which is good for low-risk investors. This is very much a plug-and-play investment platform and you can leave it for a week at a time if you are the busy type. In any case, the investments are meant to be long-term given the relatively low rate of return (compared to other forms of investments). [Others] 5/5 The app also features various articles penned by Stashaway staff that give insights into the economy and can help you make your investment decisions - not just in the app, but elsewhere as well. Very helpful and appreciated. Conclusion: Quick, fast-free investment that is easy to use, understand, and invest. Suitable for beginners to investors who just want to park their money in a place with fair and good returns and not worry about it constantly. 5/5
    0 comments
    2
  • Updated 3d ago

    Purchased

    StashAway

    [User Experience] Very easy and smooth to sign up. Website and App are easy to use and understand. [Investment Method] Fees could be more transparent and competitive. But Stashaway simple is a unique offering as of now.
    0 comments
    0
  • Updated 4d ago

    Purchased

    StashAway

    [Investment Method] The way robo-advisor arrange the investment method, it is done according to the market changes and trends. From there, my portfolio has been on upward trend depsite the negative economic changes. It does not affect much. The process is simple but fees is only 0,2% to 0.8% p.a. which is affordable.
    0 comments
    1
  • Updated 5d ago

    Purchased

    StashAway

    [User Experience] Very friendly and easy user experience. Android App is very easy to use to track my portfolio on the goo. [Customer Support] Customer support is okay. Usually gets the response within a day and the problems are solved within 1/2 days. [Returns Rate] Overall returns were good so far. Its about ~10%. Hoping it will maintain. [Investment Method] Good to invest monthly rather than one-time. This will average off the market ups and downs. Overall its a good investment for long term. Hopefully StashAway can give some additional discounts on fund management apart from friend referrals.
    0 comments
    1
Questions (148)

Recent Activity

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Recent ActivityUnansweredTrending

Savings

Wedding

HDB BTO

StashAway

Family

I was just discussing the exact same topic with my partner last weekend! To share a little more, our house is coming next year, and my car is expiring thereafter. Therefore, the financial urgency was certainly waking us up. Firstly, we need to have a complete understanding on our cashflow. Through this process, we will understand our earning ability and spending habit. Here is a guide to help you: https://www.blog.pzl.sg/understanding-your-personal-cash-flow/ Next, create a budget that is capable of helping you to plan for the future. The best way to do this is via automation and this is how I do mine: https://www.blog.pzl.sg/how-to-create-a-monthly-budget/ To understand what you need for the future, create detailed tracking and calculations on the amount that you need for each goal, e.g. downpayment, renovation, wedding. By the way, what I mean by detailed is e.g. to list down exactly what you intend to buy for your house and the amount that you are intending to spend on. This is because we will often underestimate the amount by a huge margin! Plan as if the event is happening next month. Once you have all the numbers ready, discuss with your partner on the level of risk that both of you are willing to undertake in order to reach your goals. Personally, we found ourselves to be playing it too safe. As a result, one year was wasted. With this in mind, both of you need to reach a consensus on the amount of risk and capital that you are willing to use in order to grow your money further. Thereafer, diversify across different investment tools and asset classes to create a well-balanced portfolio. Personally, I have also started an investment plan last year (a couple of months before we paid for the downpayment of the house). This is for the purpose of our kids' expenses in teh future. In case you are wondering, we don't have kids yet. However, this is part of the planning that I am willing and able to do now in order to have a better life later. This is especially because the moment we collect our house, we will be expected to empty our banks and not save much money for quite a while. All in all, discuss on your partner and come up with a comprehensive calculation on the amount that you need. Thereafter, list down all the investment tools that are able to help you all reach your goals. Then, set timely reminders to do regular reviews. Finally, make adjustments whenever necessary. Here is everything about me and what I do best.

Investments

Robo-Advisors

Promo Codes

StashAway

Siow Nan
Siow Nan
Level 6. Master
Updated 1d ago
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

Robo-Advisors

Investments

StashAway

Gabriel Tham
Gabriel Tham, Tag Team Member at Kenichi Tag Team
Level 9. God of Wisdom
Answered 2d ago
You should start now and add every month. Up or down market should not be a concern if you are dollar cost averaging and holding for the long term.

StashAway

Robo-Advisors

Investments

Hi there, Just jumping in to provide more clarity or assurance on your bankruptcy concern. Other that the below answer provided by my colleague, I do also want to highlight that as a Capital Markets Services License holder, we also have what is known as a minimum capital requirement. We have to ensure that this minimum capital base in always in place i.e preventing us from potentially running out of cash on a daily basis. If it dips below that amount, MAS will require us to stop operating temprorily until we top it back up to the required amount. We are also subject to multiple internal and external audits that have to all be submitted to MAS. These audits ensure we have the right controls and processes in place to prevent a banktruptcy event from happening. However, if we do declare bankruptcy, then you can be assured that MAS will require that we take the necessary steps to ensure that our clients' interest is the main focus on the procedeeings. As mentioned, your funds are completely unmingled from ours and we are not allowed to make use of it at any point in time. At the end of the day, the funds and securities in your portfolio will be kept custodial accounts and this is also the case with some of the largest fund managers who also hold the CMS license for Retail Fund Management. If you'd like, I am happy to discuss it further over a call at +65 6248 0889 or drop us an email at [email protected](mailto:[email protected]) (addressing it to me), and I can address any specific concerns you may have.

Investments

StashAway

Robo-Advisors

Sharon Lee
Sharon Lee
Level 4. Prodigy
Updated 4d ago
Super fuss free UX UI experience too. Depending on your RISK appetite you adjust accordingly and can put however much money you want! There's always other apps like moneyowl, Kristal.AI etc. https://www.stashaway.sg/referrals/sharonplvgp Sign up with my link and get up to $10,000 SGD managed for free for 6 months! Invest WITHIN 3 MONTHS time of account opening for the code to enjoy the benefits.

Investments

StashAway

JW
jiajing wang
Level 5. Genius
Answered on 10 Aug 2019
NO. StashAway does not allows you to choose which ETFs to invest in. You could DIY using other platform for free if you really want to choose. Have you started investing with StashAway yet? Sign up with my link and we'll both get up to $10,000 SGD managed for free for 6 months! https://www.stashaway.sg/referrals/jiajingw29

Investments

StashAway

Hi anon I feel like for me the income portfolio is like a combination of bonds from banks + endowment plans from insurance companies in terms of features and benefits. In terms of features the income portfolio is like a bond due to the initial lump sum deposit and the shorter commitment time period (I.E. bonds lock in period of 2 years, while Income is 3-5 years). On their other hand, it’s like an endowment plan due to the regular monthly savings. However the only difference about the income portfolio is the investment instruments used ( eg REIT, Equity etc). For benefits, the Income portfolio wins the bonds in terms of per annum interest rate of a projected amount of 4.40% (bonds about 1.9%/ yr), which is comparable to most endowment plans provided by insurance companies. However the plus side of the Income portfolio is that it doesn’t require you to have a long term commitment like the endowment plan. Hence , it’s like an endowment plan with shorter lock in period. End of the day, it really boils down to what you want to achieve at a certain period of your life and how you want to do it! For me, as a student who works part time, I also do not have time to keep checking on the market, and the initial lump sum for now seems like a big burden. However because I’m able to be more adventurous with my money, I’m investing in the General Investment under StashAway that invest in Global equities and market. Good luck in your investment journey, and feel free to let me know your thoughts as well! From Nixon Student, NTU

Investments

StashAway

There is no right or wrong answer to this end. Above all, it depends on your investment objectives and the risk that you are willing to undertake to achieve your goal. In case you are wondering on the difference for the results, this article may give you some context: https://www.blog.pzl.sg/dollar-cost-averaging-singapore-does-it-really-work/ Here is everything about me and what I do best.

StashAway

Investments

CPF SA

Stocks Discussion

Wow. way ahead of many many 24 year olds. Depending on your risk appetite and financial goals, there's a variety of higher-risk instruments that you can consider, as you have a much longer financial horizon.

Stocks Discussion

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OCBC RoboInvest

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Syfe

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Kristal.AI

DBS digiPortfolio

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Phillip SMART Portfolio

UTRADE Robo

Hui Wai Kit
Hui Wai Kit
Level 5. Genius
Updated 4w ago
The returns will depend on the risk profile you set with the robo-advisor, more conservative portfolios will return lower but more consistent returns while higher risk portfolios will see higher returns (albeit potential higher standard deviation). Do go through the entire KYC process with the robo advisor before choosing the risk profile which suits you the best! Depending on the risk profile you choose, the robo will allocate/diversify the portfolio accordingly. eg. more conservative portfolios will see higher allocations in bonds vs stocks and vice versa for a more aggressive profile. As amanda mentioned, you can check out the reviews for the robos on Seedly and see if you can relate to any specific experience. You can also read this article which Seedly has covered regarding the available robo-advisors here as well: https://blog.seedly.sg/singapore-robo-advisor-investment-comparison/
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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.

StashAway is a digital wealth management platform that is powered by a data-driven investment framework. Individuals, irrespective of their net worth, can open a Global portfolio with a $0 minimum balance, unlimited withdrawals, and annual fees between 0.2% and 0.8%. The StashAway platform analyses an individual's financial assets, investment time horizon, and risk preferences to personalise portfolios through a systematic asset allocation strategy. As part of our goal to have a full range of high-quality financial products so that our clients view us as their principal wealth manager, we also have an Income portfolio to meet the localised income needs of Singaporeans as well as a cash management portfolio, StashAway Simple™, which allows you to earn a competitive rate on your cash with no requirements or restrictions.Unlike traditional financial advisors and other robo-advisors, the internal algorithms build and manage global, customised portfolios of highly diversified, low-cost ETFs across asset-classes, while putting an emphasis on risk management by incorporating deep analysis of economic cycles in order to navigate its ups and downs and maximise long-term returns.

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%.