Roboadvisors performance update -Syfe and Stashaway – July 2022
First deposit date: Jan 2021 for Syfe, Mar 2021 for Stashaway.
Strategy: DCA $50 each every two weeks (Syfe)
I have stopped DCA for Stashaway.
Market situation: Bearish
You may refer to my previous updates for a performance comparison that includes DBS Digiportfolio.
For an in depth reviews on Robo-advisors, please click here.
Syfe
Equity 100 (highest risk)
Highest ATH return: 10%
Current returns: -3.7%%
Stashaway
36% portfolio (highest risk)
Highest Returns: 2%
Current Returns: -21%
Should you sell?
The answer is probably NO…unless you hit one of these few reasons:
- You no longer believe in Robo’s investing strategy.
- You found a better pick for your funds, maybe you think Tesla is a better bet or VWRA is much more cost-effective.
- You need money urgently (this shouldn’t be the case if you have to keep emergency savings and only invest what you can lose)
Notice that none of the reasons state poor performance or low returns as a selling factor…why?
Because markets are inherently volatile, there are upturns to every downturn. According to a study, the average duration of a bear market is 1.4 years, while an average bull market can last for 9.1 years. Therefore, you shouldn’t be hasty and make a decision on a whim just based on the price alone. As the saying always goes, time in the market over timing the market!
Conclusion
I hope you gain a better understanding into these two Robos! Do carry out your own research and due your own diligence.
If you have not signed up for any of the Robos, do use my referrals below and get your management fees waived for the first few months!
Stashaway – First $10,000 SGD fee’s waived for 6 months after you deposit. Sign up here!
Syfe- Get a fee waiver on first $30,000 investment using my referral code: SRPRDR9KS
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