A performance update on Robo-advisors Syfe, Stashaway and DBS Digiportfolio- September 2021
29 September 2021
Robo-advisors are great as a springboard into investing for beginners. As I being the transition into DIY investing, I would still like to share on my experiences and performances of my portfolios here.
My initial capital together with the other two Robos was a test to see which of their strategy I prefer.
For the past few months, I have Dollar Dost Average (DCA) into my Robos, except DBS Digi portfolio as I wanted to back out of there when I had an opportunity. It has mostly been red, so I finally decided to back out of DBS Digi portfolio when I had a chance.
Although DBS is a solid and reliable platform, there are many downsides such as the poor SGD to USD exchange rate, and the global portfolio requires an investor pre-assessment (If we are financial-savvy, why would we still need to pay your DBS team for the portfolio? DUH). I will cover more of this downsides at a later date.
Let’s jump right into the updates!
Stashaway
Syfe
Syfe’s Equity 100 performance dropped a bit, but it is still going strong
Reits are doing well too! But I have decided to pull ouut 3/4 of m Reits to invest in VWRA as it is a more sensible growth asset.
DBS Digiportfolio
I have withdraw all of DBS Digiportfolio this month, despite the slight loss. I no longer believe in it’s investing strategies. I will cover more on this in the future.
Conclusion
Despite the difference in performance, all three platforms have their own pros and cons which I will cover more next time!
Robo advisors are well-rounded investment platforms catered for those who are new to investments (like me) or have limited time to actually do stock pickings. Definitely worth your time to check it out!
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. Sign up here!
Syfe- Get a fee waiver on first $30,000 investment using my referral code: SRPRDR9KS
