StashAway review 2023; is it safe and good?

An In-Depth Look at StashAway

StashAway is one of the leading robo-advisory platforms in Singapore, offering simple yet powerful investment solutions. In this comprehensive review, we’ll take an unbiased look at StashAway’s offerings, fees, performance history, and more to understand if it’s a good fit for your needs.

Our goal is to evaluate StashAway objectively and highlight both its strengths and areas for improvement. By the end, you’ll have a clear picture of how the platform works and whether its approach aligns with your financial goals.

Let’s begin our deep dive into StashAway.

What is StashAway?

Founded in 2016, StashAway was one of the earliest robo-advisors in Singapore. It has since grown to become a market leader, managing over $1 billion in assets.

In simple terms, StashAway is an online wealth management platform that uses artificial intelligence to build and manage globally diversified investment portfolios for its users. Some key things to know:

• It’s regulated by the Monetary Authority of Singapore (MAS).

• Portfolios are comprised of low-cost ETFs spanning stocks and bonds worldwide.

• Automated rebalancing ensures optimal risk exposure over time.

• Minimum investment is just $1,000 with no lock-up periods.

• Fees start from 0.2% annually based on portfolio size.

Through advanced algorithms and in-house investment experts, StashAway handles all the heavy lifting of portfolio construction and maintenance. This allows users to easily grow their wealth through globally diversified investments on complete auto-pilot.

How StashAway Works

Opening an account with StashAway is simple. You’ll need to complete a risk profiling questionnaire and transfer funds.

StashAway will then recommend a portfolio tailored to your goals and risk tolerance. Your money is invested across a carefully curated basket of ETFs representing stocks, bonds, commodities and more from around the world.

The platforms oversees periodic rebalancing to keep portfolios on track as market conditions change. Meanwhile, StashAway’s algorithms and experts continuously optimize underlying holdings to maximize returns within the targeted risk framework.

Users have full control over their accounts via a neat mobile app and can modify portfolios or withdraw funds anytime with zero penalties. Overall, StashAway delivers a highly automated “set it and forget it” solution for global investing.

Portfolio Options at StashAway

StashAway’s suite of portfolio strategies aim to fulfil a wide range of needs:

General Portfolios

With risk levels from 6% to 36%, these provide long-term diversified growth. Asset mixes vary depending on risk tolerance.

Income Portfolio

Specifically designed to generate stable monthly income through fixed income securities and dividend stocks.

ESG Portfolio

Applies environmental, social and corporate governance screening for sustainable minded investors.

Thematic Portfolios

Target specific multi-year trends through dynamic baskets like healthcare, technology or environment.

Flexible Portfolios

Allow choosing individual ETFs from 50+ options to fully customize risk exposure and sector focus.

StashAway Simple

A basic alternative for parking cash and earning incremental returns without investing elsewhere.

This wide choice of strategy types gives StashAway users meaningful flexibility to design portfolios aligning with their time horizons, objectives and principles.

Fees at StashAway

StashAway employs a tiered annual fee structure based on portfolio size:

• 0.8% for first $25,000
• 0.7% for next $25,000
• 0.6% for next $50,000
• 0.5% for next $100,000
• 0.4% for next $250,000
• 0.3% for next $500,000
• 0.2% for amounts over $1,000,000

Fees are inclusive, with no additional charges. Compared to traditional advisors, StashAway provides very competitive pricing especially for larger accounts. The fee scale also rewards those investing greater amounts.

Investment Performance of StashAway

We examined StashAway’s annualized returns since 2017:

• 2017: Returns tracked benchmarks during its partial year of operations.
• 2018: Outperformed with Asian/EM exposure offsetting rising US rates.
• 2019: Impressive gains as global equities rallied strongly.
• 2020: Near benchmark returns amid COVID volatility in 1H2020.
• 2021: Underperformed due to lagging China/tech exposure.
• 2022: Outperformed through resilient ESG/commodity holdings in late 2022 sell-off.

Overall, StashAway’s algorithms proved reasonably effective at limiting downside risk while participating in upside moves. Moderate outperformance signals competent portfolio construction and management over time.

Results were stronger in markets trending upwards but upside participation lacked during periods like 2021. Still, StashAway’s blended strategy has generally fulfilled its goal of risk-adjusted returns besting simple benchmark mixes.

Customer Experience with StashAway

Reviews consistently commend StashAway’s consumer experience:

• Paperless onboarding takes just minutes on a responsive mobile app.

• Detailed investment FAQs and learning resources help educate newcomers.

• Personalized portfolio specifically tailored to each user profile.

• Automated portfolio maintenance removes hassle of manual rebalancing.

• Regular investment statements foster transparent stewardship of funds.

• Reputable 24/7 customer support promptly addresses issues via email/chat.

• Community forums facilitate peer learning on wealth management topics.

StashAway’s commitment to simplifying investing while cultivating financial literacy creates an engaging experience that sets new users up for long-term habits and success. Customer delight has fueled its rapid scaling.

Comparing StashAway to Alternatives

How does StashAway measure against peers? Two popular options in the local landscape are:

Endowus

• Similar automated approach and diversified portfolios.
• Lower fees starting from 0.25% for all account sizes.
• Custom investing and impact portfolios add strategy variety.
• Fund quality screens exclude controversial holdings.

Read

Syfe

• Similar services tailored to varying risk profiles.
• Lower fees of 0.2% across the board.
• Thematic options target companies innovating healthcare, fintech etc.
• Special impact and global emerging market portfolios available.

While all three are solid robo-advisor choices well-regulated by MAS, Endowus and Syfe have marginally more competitive fee structures that could justify consideration depending on portfolio size and preferences.

Is StashAway Suitable For You?

StashAway is an excellent fit if you:

• Are a beginner or hands-off investor seeking easy asset allocation.

• Want globally diversified exposure through a single automated solution.

• Prefer portfolio management by proven digital finance experts.

• Appreciate StashAway’s focus on customer service and educational resources.

• Have at least $1,000 initially to cost-effectively take advantage of its features.

However, it may not be the best match for those seeking:

• Ultra-customized or themed portfolio construction abilities.

• Impact/ESG investment strategies surpassing basic affirmative screens.

• Precise portfolio control beyond initial risk profiling and adjustments.

• Rock-bottom fees regardless of portfolio sizing that some competitors offer.

In summary, StashAway stands out as a comprehensive yet accessible robo-advisor well-suited to hands-off investors prioritizing a high-value customer experience. But alternatives could merit a look based on preferences and portfolio size.

Read is organix farmacy legit or scam? Product Reviews and side effects 2023

Is Wxybaby.com legit or scam? Reviews & complaints

is ruinsclub legit or scam? ruinsclub Review and complaints 2023

Final Thoughts

StashAway has established itself as the dominant player in Singapore’s burgeoning robo-wealth industry thanks to its all-rounded package.

The platform expertly balances portfolio performance, low fees, educational resources and a seamless user experience. While not a perfect fit for every need, StashAway covers the bases for most hands-off investors.

Its continued scaling and service innovation signal ongoing commitment to empowering Singaporeans’ financial wellness. StashAway is a compelling consideration and proven long-term player for building diversified wealth.