If you’re looking for an easy and hassle-free way to invest your money, you might want to consider StashAway. StashAway is a robo-advisor that offers investment solutions to individuals who are looking to grow their wealth in an innovative and efficient way. In this StashAway review in Singapore, we will take a closer look at what the platform offers and help you determine whether it is the right investment tool for you.
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StashAway is a popular robo-advisor in Singapore that uses a sophisticated algorithm to create a diversified investment portfolio based on your risk tolerance and financial goals. The platform offers a range of investment products, including ETFs and mutual funds.
The design is to help you achieve your financial objectives. StashAway is also known for its low fees, which can be as low as 0.2% per annum, making it an affordable option for investors looking to save on costs.
Key Takeaways
- StashAway is a robo-advisor that offers investment solutions to individuals looking to grow their wealth in a smart and efficient way.
- The platform uses a sophisticated algorithm to create a diversified investment portfolio based on your risk tolerance and financial goals.
- StashAway is known for its low fees, which can be as low as 0.2% per annum, making it an affordable option for investors who are looking to save on costs.
What Is StashAway?
If you’re looking for an easy way to invest your money in Singapore, StashAway might be worth considering. StashAway is a robo-advisor, which means that it uses algorithms to manage your investments. In other words, it’s a digital platform that invests your money for you.
Understanding Robo-Advisors
Robo-advisors are automated platforms that use algorithms to manage your investments. They’re designed to make investing easier and more accessible for everyone, regardless of their experience level. Because they’re automated, they’re generally cheaper than traditional investment management services.
Stashaway’s Investment Approach
StashAway uses a unique investment approach called economic regime-based asset allocation. This means that it adjusts your portfolio based on economic trends. For example, if the economy is doing well, StashAway might invest more in stocks. If the economy is doing poorly, it might invest more in bonds.
StashAway’s algorithm takes into account a variety of factors, such as your risk tolerance, investment goals, and time horizon. It then uses this information to create a customised portfolio for you.
Overall, StashAway is a great option for anyone who wants to invest their money without having to worry about managing their investments themselves. With its algorithmic approach to investing, it’s a great way to take advantage of economic trends and potentially earn a higher return on your investment.
Stashaway Review in Singapore: Investment Products
When it comes to investment products, Stashaway offers a range of options to cater to different investor needs. Here’s a breakdown of their investment products:
Stashaway Simple
If you’re new to investing or prefer a hands-off approach, Stashaway Simple might be the perfect option for you. It’s a low-cost, low-risk fund that invests in a diversified portfolio of exchange-traded funds (ETFs). The portfolio is designed to match your risk level and investment goals, making it an easy way to get started with investing.
Income Portfolio
For investors who are looking for a steady stream of income, Stashaway’s Income Portfolio might be a good fit. This portfolio invests in a mix of bonds and dividend-paying stocks to generate regular income. The portfolio is designed to be low-risk, making it a good option for investors who are looking for a more stable investment.
Thematic Portfolios
Stashaway also offers a range of thematic portfolios that focus on specific sectors or themes. For example, they have a portfolio that invests in companies that are driving the growth of renewable energy, and another portfolio that invests in companies that are leading the way in artificial intelligence. These portfolios are designed for investors who are interested in a particular sector or theme and want to invest in companies that are driving innovation in that area.
Overall, Stashaway’s investment products offer a good mix of low-risk funds and diversified portfolios that cater to different investment goals. Whether you’re looking for a hands-off approach or want to invest in a specific sector, Stashaway has an investment product that might be right for you.
Stashaway Review in Singapore: Key Features and Benefits
If you’re looking for a robo-advisor that offers automated investing, diversified portfolios, and educational resources, then StashAway might be the perfect fit for you. Here are some of the key features and benefits of using StashAway for your investment needs:
Automated Investing
StashAway’s app provides an automated investing tool that allows you to set up your investment portfolio and let the app do the rest. You can choose from a range of portfolios that are tailored to your investment goals, risk tolerance, and investment timeline. Once you’ve set up your portfolio, StashAway will automatically rebalance your investments to ensure that your portfolio remains diversified.
Diversified Portfolios
StashAway’s portfolios are designed to be highly diversified, with investments in a range of asset classes, including stocks, bonds, and commodities. This diversification helps to reduce the risk of your portfolio and ensures that you’re not overly exposed to any one sector or asset class. StashAway’s portfolios are also regularly reviewed and adjusted to ensure that they remain in line with your investment goals and risk tolerance.
Educational Resources
StashAway Academy is an educational resource that provides you with the knowledge and tools you need to make informed investment decisions. The academy offers a range of articles, videos, and webinars that cover a wide range of investment topics, from the basics of investing to more advanced investment strategies. StashAway Academy is a great resource for both beginner and experienced investors, and can help you to make better-informed investment decisions.
In summary, StashAway is a robo-advisor that offers automated investing, diversified portfolios, and educational resources. With StashAway, you can set up your investment portfolio and let the app do the rest, ensuring that your portfolio remains diversified and in line with your investment goals and risk tolerance. Additionally, StashAway Academy provides you with the tools and knowledge you need to make informed investment decisions.
Stashaway Review in Singapore: Fees and Costs
If you’re considering investing with Stashaway, you’ll be pleased to know that the fees are competitive and transparent. Here’s what you need to know:
Management Fees
Stashaway charges an annual management fee of between 0.2% and 0.8%, depending on the amount you invest. This fee is charged on a monthly basis and is calculated as a percentage of your portfolio value. It covers all management costs, including rebalancing, transaction, and re-optimisation costs. You can find a breakdown of the fees on their official website.
No Minimum Investment
One of the great things about Stashaway is that there is no minimum investment required. This means that you can start investing with as little or as much as you like. There are also no account setup or exit fees, making it easy to get started and withdraw your money if needed.
Overall, Stashaway’s fees and costs are reasonable and transparent, making it a great option for those looking to start investing without breaking the bank.
Stashaway Review in Singapore: Performance and Returns
Historical Returns
When it comes to investment, returns are one of the most important factors to consider. StashAway has been delivering consistent returns since its inception in 2016. According to their website, their portfolios have delivered an average annual return of 10.1% for their highest-risk portfolio and 3.7% for their lowest-risk portfolio over the past five years. These returns are based on historical performance and are not a guarantee of future returns.
Comparing with Competitors
StashAway’s returns are impressive, but how do they compare to their competitors? Let’s take a look at some of the other robo-advisors in Singapore.
- Syfe: Syfe offers a similar service to StashAway, with a focus on ETFs and low fees. However, their returns are slightly lower, with projected returns of 3.8% to 7.5% per annum for their various portfolios.
- Endowus: Endowus is another robo-advisor that offers a range of investment options, including CPF investments. Their returns are slightly higher than StashAway, with projected returns of 3.5% to 6.5% per annum for their various portfolios.
- AutoWealth: AutoWealth is a low-cost robo-advisor that offers a range of investment options. Their returns are similar to StashAway, with projected returns of 3.5% to 5.5% per annum for their various portfolios.
Overall, StashAway’s returns are competitive with other robo-advisors in Singapore. However, it’s important to remember that past performance is not a guarantee of future returns. It’s always a good idea to do your own research and consider your own investment goals and risk tolerance before making any investment decisions.
Stashaway Review in Singapore: Security and Safety
When it comes to investing your hard-earned money, safety and security are two of the most important factors to consider. StashAway takes these concerns seriously and has put measures in place to ensure that your investments are safe and secure.
Regulatory Compliance
StashAway is a MAS-licensed robo-advisor, which means that they are regulated by the Monetary Authority of Singapore. This ensures that they comply with the strict regulations set by the MAS to protect investors’ interests. StashAway is required to follow strict guidelines when it comes to managing your investments, and they are audited regularly to ensure that they are following these guidelines.
Fund Safety
StashAway takes fund safety seriously. They use DBS Trust Account and Saxo Custodian Account to hold your investments. This means that your funds are held separately from StashAway’s own funds, which provides an added layer of protection. In the unlikely event that StashAway were to go bankrupt, your funds would be safe and would not be affected.
StashAway also uses advanced security measures to protect your personal information. They use 256-bit SSL encryption to ensure that your data is safe and secure. Additionally, they employ two-factor authentication to ensure that only you can access your account.
In summary, StashAway takes the safety and security of your investments seriously. They are a MAS-licensed robo-advisor, and they use DBS Trust Account and Saxo Custodian Account to hold your investments. They also employ advanced security measures to protect your personal information. With StashAway, you can invest with peace of mind, knowing that your investments are safe and secure.
Stashaway Review in Singapore: User Experience
When it comes to user experience, StashAway is one of the most user-friendly robo-advisors in Singapore. The app’s interface is intuitive and easy to navigate, making it accessible for both experienced and novice investors alike.
Navigating the App
StashAway’s app is designed to be simple and straightforward, allowing you to easily view your portfolio, track your investments and make changes to your account. The app’s dashboard provides an overview of your portfolio, including your returns, asset allocation and investment goals. You can also view your transaction history, investment performance and other important details about your account.
One of the standout features of the StashAway app is its goal-setting function. This allows you to set investment goals and track your progress towards achieving them. The app also provides educational resources to help you make informed investment decisions, including articles, videos and webinars.
Customer Support
StashAway’s customer support is top-notch, with a dedicated customer service team available to assist you with any queries or concerns you may have. The team is available via email and phone, and you can expect a prompt response to your queries.
StashAway also offers a live chat feature within the app, which allows you to chat directly with a customer service representative. This is a convenient option if you need assistance with your account while on the go.
Overall, StashAway’s user experience is designed to be intuitive and user-friendly, with a range of features and resources to help you make informed investment decisions. Whether you’re a seasoned investor or just starting out, StashAway’s app is a great choice for those looking to invest in a hassle-free manner.
Stashaway Review in Singapore: Additional Features
StashAway offers some additional features that can make investing with them even more convenient and beneficial. Here are some of the features you can enjoy:
Cash Management Account
StashAway offers a cash management account called StashAway Simple Plus. This account allows you to earn interest on your cash balance, which is currently at 1.9% p.a. This is a higher interest rate compared to most savings accounts in Singapore. Moreover, you can withdraw your money anytime without any fees or penalties.
The StashAway Simple Plus account is also FDIC-insured up to USD 250,000, which means that your money is protected in case of bank failure. The account is available to all StashAway users, and you can easily transfer funds from your investment portfolios to your cash management account and vice versa.
SRS Funds Investment
StashAway also offers investment options for your Supplementary Retirement Scheme (SRS) funds. You can open a StashAway account specifically for your SRS funds and invest in any of their portfolios.
Investing your SRS funds with StashAway can be a good option as it allows you to diversify your portfolio and potentially earn higher returns compared to leaving your funds in a savings account. Additionally, you can enjoy tax benefits as contributions to SRS are tax-deductible, and withdrawals from SRS are taxed at a lower rate.
Investing your SRS funds with StashAway is also easy and hassle-free. You can transfer your SRS funds to your StashAway account and start investing with just a few clicks. StashAway also provides a tax report that you can use for your tax filing.
Overall, the cash management account and SRS funds investment options offered by StashAway can provide added convenience and benefits to your investment journey.
Stashaway Review in Singapore: Getting Started
If you’re new to StashAway, getting started is easy! Here’s what you need to know to set up your account and start investing.
Account Setup
To set up your StashAway account, simply visit the StashAway website and click “Get Started.” You’ll be prompted to enter your personal information, including your name, email address, and phone number. You’ll also need to create a password and agree to StashAway’s terms and conditions.
Once you’ve created your account, you’ll need to complete the risk questionnaire to determine your risk tolerance. This questionnaire will ask you about your investment experience, financial goals, and risk preferences. Based on your answers, StashAway will recommend a portfolio that is tailored to your specific needs.
Investment Strategy Customisation
StashAway offers a range of investment strategies to choose from, each with its own level of risk and potential return. You can customise your investment strategy based on your risk tolerance and investment goals.
StashAway’s investment strategies are designed to be goal-based, which means that they are tailored to help you achieve specific financial goals. Whether you’re saving for a down payment on a house, planning for retirement, or simply looking to grow your wealth, StashAway has a strategy that can help.
To customise your investment strategy, simply log in to your StashAway account and select “Portfolio” from the main menu. From there, you can adjust your risk level, set your investment goals, and choose the investment strategy that best fits your needs.
Overall, StashAway is a user-friendly platform that makes it easy to get started with goal-based investing. With a range of investment strategies to choose from and customisation options to suit your risk tolerance and financial goals, StashAway is a great choice for anyone looking to grow their wealth over time.
Stashaway Review in Singapore: Managing Your Investments
Once you have set up your account and selected your investment goals, it’s time to start managing your investments with StashAway. Here are some of the key things you need to know to manage your investments effectively.
Deposits and Withdrawals
StashAway makes it easy to transfer funds into your account. You can make a deposit by linking your bank account and transferring funds through the app. There is no minimum deposit required, so you can start investing with as little as you like. You can also set up automatic deposits to make investing even easier.
When it comes to withdrawals, you can withdraw your funds at any time with no penalties. However, it’s important to note that there may be tax implications for withdrawing funds from your SRS account before retirement age.
Portfolio Rebalancing
One of the key benefits of using a robo-advisor like StashAway is that your portfolio is automatically rebalanced to keep it in line with your investment goals. StashAway uses advanced algorithms to monitor your portfolio and adjust it as needed to keep it on track.
If you want to make changes to your portfolio, you can do so through the app. StashAway will provide recommendations based on your investment goals, risk tolerance, and other factors. You can also choose to override these recommendations and make your own changes.
Fund Managers
StashAway works with some of the world’s leading fund managers to provide you with access to a wide range of investment options. These fund managers are carefully selected based on their track record, expertise, and other factors.
StashAway also uses a proprietary investment strategy called the Economic Regime-based Asset Allocation (ERAA) framework. This framework takes into account the current economic environment and adjusts your portfolio accordingly to maximise returns and minimise risk.
Overall, managing your investments with StashAway is easy and hassle-free. With no minimum deposit required and automatic portfolio rebalancing, it’s a great option for both beginners and experienced investors alike.
Conclusion
Congratulations! You’ve made it to the end of our StashAway review in Singapore. We hope that we have provided you with enough information to decide whether StashAway is the right investment platform for you.
Decent Returns
Overall, StashAway is an affordable investment platform that offers decent returns. The platform is beginner-friendly and easy to use, making it an excellent option for those who are new to investing. With no minimum investment amount required, you can start investing with as little as you want.
Variety of Portfolios
One of the best things about StashAway is that it offers a variety of portfolios to choose from, each with its own risk level. This means that you can select a portfolio that suits your risk tolerance and investment goals.
Fees
StashAway’s fees are also reasonable, with a management fee ranging from 0.2% to 0.8% per annum, depending on your investment amount. This means that you won’t have to worry about high costs eating into your profits.
Returns
In terms of returns, StashAway’s projected returns for its Simple portfolio range from 3.5% to 4.2% per annum, while its projected returns for its other portfolios range from 4.6% to 8.4% per annum. While these returns are not the highest in the market, they are still decent and can help you grow your wealth over time.
In conclusion, if you’re looking for an affordable and beginner-friendly investment platform that offers decent returns, StashAway is definitely worth considering. With its user-friendly interface, variety of portfolios, and reasonable fees, StashAway is an excellent option for anyone looking to start investing in Singapore.
Frequently Asked Questions
How does StashAway’s performance compare to other robo-advisors like Syfe?
StashAway has consistently outperformed its competitors, including Syfe, since its inception in 2016. According to a review by MoneySmart.sg, StashAway’s portfolios have generated higher returns compared to Syfe’s portfolios over the past year. However, it’s important to note that past performance is not indicative of future results.
Can I trust StashAway with my investments, and are they considered safe?
StashAway is a licensed and regulated robo-advisor by the Monetary Authority of Singapore (MAS). This means that they are required to comply with strict regulations that are designed to protect investors. Additionally, StashAway offers an insurance policy that covers up to SGD 1 million in the unlikely event of fraud or theft.
What are the fees involved when investing with StashAway?
StashAway’s fees are competitive and transparent. They charge a management fee of between 0.2% to 0.8% per annum, depending on the amount invested. There are no hidden fees or charges, and you can easily see the fees associated with your investments on the StashAway app.
Has StashAway received approval from the Monetary Authority of Singapore (MAS)?
Yes, StashAway is a licensed and regulated robo-advisor by the MAS. This means that they are held to high standards of compliance, transparency, and accountability.
What would happen to my investments if StashAway were to cease operations?
In the unlikely event that StashAway were to cease operations, your investments would remain safe and secure. StashAway holds your investments in a custodian account with a third-party custodian, which means that your investments are separate from StashAway’s assets.
Are there any notable disadvantages to using StashAway to manage my finances?
While StashAway is a great option for many investors, there are a few potential downsides to consider. For example, StashAway’s portfolios are designed for long-term investing, so they may not be suitable for those who need short-term liquidity. Additionally, StashAway’s portfolios are heavily weighted towards equities, which means that they may be more volatile than other investment options. As with any investment, it’s important to do your own research and consider your own risk tolerance before investing with StashAway.
