Now for Autowealth for the month of May 2021. Nothing exciting here this month. Just a review monthly to keep track of my investments. AutoWealth’s concept and the unique selling point as compared to other robo advisors are different. Some just have more marketing power than others while some just like to lay low. Here to the portfolio performance.
Why choose Autowealth?
Every month, I’ll just to just remind myself why was I a friend of Autowealth. My two reasons for doing so is really just (a) try out one more robo advisor/segregate a portfolio to find out how they invest and what their model is and (b) Diversify my investment assets through different companies and see what works for them.
I remembered one more thing when I signed up on their platform. They use ETFs to build a portfolio instead of funds. To me both ETFs and Funds work as long as fees stay low. Of course trusting the company is another factor.
In good times, everything is rosy. What I want to see is the bad times in the market – That’s how you can see the character of a person. That translate to how the company treat their customers.
As usual, every market goes through peaks and troughs. Every time it drops, just pick some up and let the robots do the work on balancing and re-balancing. As long as fees remains low, the portfolio will grow over time and over a longer period. It should remain in the black based on some back testing. Some time end of May, I received another notice on allocation so it looks like somewhere there was an over allocation.
So far, my long term goals remains the same. Quiet and stagnant but on a positive sign.
Performance – May 2021
My investment horizon would be estimated to be 15-20 years for this portfolio. This is a portfolio which is set at 40% equities and 60% bonds. The investment vehicles will be through ETFs. What i really like is that i can switch between the SGD and USD currency performance portfolio as well as the impact on USD SGD forex on performance. This is suitable for a simple investor like myself.
Overall, since funding to date (in SGD currency) performance is +12.33% and I like this. (compared to Apr 2021, month-on-month it is up +2.48%) The impact of USD on SGD is about -4.16% and by referencing the portfolio in USD, absolute return would be at +16.27%. Sweet for the month.
Looking into the details if I were to look at the portfolio value at S$5334 (end Dec 2020) versus today at S$5616. Some simple and manual YTD calculations below
YTD Performance[(S$5616-S$5334)/S$5334] x 100% = +5.29% (YTD 9 Jun 2021 and +1.09% as compared to 11 May 2021)
Note that the December 2020 numbers is not what i used for calculation but I have been using this $5334 for Dec year end portfolio total so this is the consistency in calculating.
Adding the USD version of the YTD for reference. It would be the same impact as the exchange rate.
This is not a sponsored post. This is purely my own opinion after using their service and/or products. If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy.
If you like what I am sharing or if it resonates with you, do use my referral codes here at Referral and Recommendations
The pictures were taken from Auto Wealth website for this article. If you need a referral code, drop me a message and you can indicate my full name during registration. From there, both of us will get $20 each to supplement the fees.