Tag: invest

StashAway Performance – Oct 2021

On By RistrettzIn Performance, Personal Finance Series, Robo AdvisorsLeave a comment

The end of 2021 is coming but there is still time. It’s November! Summer is over and fall is coming once more. The festive season is coming but for some it might be a stressful period. The pandemic situation has not taken a turn or twist. It’s not going to be any better going forward. Things will change too for the better. Stay positive.

StashAway has been rather stagnant but considering the environment, I think it is holding out well. SA seems to try to take a bet around China and their recovery by doing a rebalancing. Now, is that system or human driven I question. Shouldn’t it be systematic driven for a robo advisor instead of attempting to drive better returns. With an ERAA approach, these actions seems rather active.

If Mr Market drops, then I will add on more to the portfolios. If you have not taken the first step, action early so that you can start doing this early and learn from any mistakes along the way.

Retirement Portfolio A (risk-14%)

I expected a flat outlook in 2021 and it remains to be.  This portfolio is my longest term portfolio for retirement. I felt that it could have done a lot better but I shall not look back and will pop in a little more when i contribute to my SRS account. The SRS account since first day deposit is currently at +4.35% as at 2 Nov 2021 (Time-weighted return). Performance wise, I think i is okay and also this is a super long term portfolio – I would say close to 25 years horizon so I’ll just leave it there.

 

The YTD performance is just flat. Pretty standard outcome.

 

Education Portfolio B (risk-16%)

This portfolio B is set out to be on a 15-18 year investment horizon. It is at +9.37% since day 1 as at 2 Nov 2021 and It’s steady. I have been averaging in whenever there are market dips. The risk index is at 16% and I will adjust those risk levels as and when I feel that there is a risk on or off. For just a 2% risk increase, I see a better performance already. This month versus the last was -3%%. Nothing to shout about really other than a poor month.

 

In Year to Date context, it’s just a small incremental gain.

 

Education Portfolio C (risk-20%)

For this portfolio, I look at this at shorter horizon of 12-15 years so I feel that I need to take on some risk to achieve my goals. This SA risk index is currently at 20% and will take on to be one of my riskiest portfolio. Return is at +16.82% YTD (Time-weighted return) since day one as at 2 Nov 2021. As compared to the last month, it is up but this is just a note to self and measure the monthly performance. Over time, more funds will be added to achieve the targeted invested goals. Two consecutive drop in performance for this portfolio In June and July while it is up for August. In September, it has dropped more than 3%, October it is up by 3%.

 

Year to date wise, it is also flat. Nothing exciting. On China’s end, it must have been exciting. In terms of risk, probably SA is dropping much slower than other portfolios since they are designed as such.

 

Conclusion

It is now almost 2 years since I started using StashAway. I still think that it has been a great supplement as a robo advisor. After using a few robo-advisors, I find that SA will play as a competition to my Endowus Portfolio and true enough that fits exactly into how I plan it to be. Recent months, I’ve been thinking and I did not add on any regular monthly investing amount as I’m beginning to think twice about their strategy and if they have grown to a level where institutional belief is starting to take over instead of that pure robo fintech as compared to what they were in 2020.

StashAway does have their own advantages. They do hedge their portfolios against huge crashes and take a stand on some positions which I do like because a lot asset managers don’t and even though they talk big about macro. The gold move was bold but it protects the portfolio. Again, Rome wasn’t built in a day so I guess you need to safeguard some of your monies to future proof it. No one knows so we have to try to know.

To find out more about the pros and cons of using StashAway, do refer to my previous posts.

To sign up or try out Stash Away, visit the website and use my referral code at Stash Away Referral

We’ll both get up to $10,000 SGD managed for free for 6 months which is a good deal.

Disclaimer

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at Referral and Recommendations

The pictures were taken from the Stash Away website for this article.

StashAway Performance – September 2021

On By RistrettzIn Performance, Personal Finance Series, Robo AdvisorsLeave a comment

October is here. Wake us all up when September ends. October is the month where everything happens. Summer is over and fall is coming once more. The festive season is coming but for some it might be a stressful period. The pandemic situation has not taken a turn or twist. It’s not going to be any better going forward. Things will change too.

StashAway has been rather stagnant but considering the environment, I think it is holding out well. SA seems to try to take a bet around China and their recovery by doing a rebalancing. Now, is that system or human driven I question. Shouldn’t it be systematic driven for a robo advisor instead of attempting to drive better returns. With an ERAA approach, these actions seems rather active. Only time will tell but the portfolio seems to be more cushioned by these sharp drop in the market. We should see more volatility in the coming month.

Repeating to myself that if Mr Market decides to go either way, it would matter that much to me. Why is that so? If Mr Market drops, then I will add on more to the portfolios. If you have not taken the first step, action early so that you can start doing this early and learn from any mistakes along the way. By now, I would have decide on the main Robo to stake my money with. SA is not quite the one but let’s see how it goes. The competition remains strong.

Retirement Portfolio A (risk-14%)

I expected a flat outlook in 2021.  This portfolio is my longest term portfolio for retirement. I felt that it could have done a lot better but I shall not look back and will pop in a little more when i contribute to my SRS account. The SRS account since first day deposit is currently at +2.37% as on 1 Oct 2021 (Time-weighted return). Oh and it drops -2% from Aug 2021. Performance wise, I think i is okay and also this is a super long term portfolio – I would say close to 25 years horizon so I’ll just leave it there.

The YTD performance is just flat. Pretty standard outcome.

Education Portfolio B (risk-16%)

This portfolio B is set out to be on a 15-18 year investment horizon. It is at +6.87% YTD on 1 Oct 2021 and It’s steady. It’s the same as the last time i measured during Dec 2020. I have been averaging in whenever there are market dips. The risk index is at 16% and I will adjust those risk levels as and when I feel that there is a risk on or off. For just a 2% risk increase, I see a better performance already. This month versus the last was -3%%. Nothing to shout about really other than a poor month.

 

In Year to Date context, it’s just a small incremental gain. Month on Month, it is still a drop.

 

Education Portfolio C (risk-20%)

For this portfolio, I look at this at shorter horizon of 12-15 years so I feel that I need to take on some risk to achieve my goals. This SA risk index is currently at 20% and will take on to be one of my riskiest portfolio. Return is at +13.51% YTD (Time-weighted return) since day one as at 1 Oct 2021. As compared to the last month, it is down my 3.2% but this is just a note to self and measure the monthly performance. Over time, more funds will be added to achieve the targeted invested goals. Two consecutive drop in performance for this portfolio In June and July while it is up for August. In September, it has dropped more than 3%.

Year to date wise, it is also flat. Nothing exciting. On China’s end, it must have been exciting. In terms of risk, probably SA is dropping much slower than other portfolios since they are designed as such.

 

Conclusion

It is now more than one year since I started using StashAway. I still think that it has been a great supplement as a robo advisor. After using a few robo-advisors, I find that SA will play second fiddle to my Endowus Portfolio and true enough that fits exactly into how I plan it to be. Recent months, I’ve been thinking and I did not add on any regular monthly investing amount as I’m beginning to think twice about their strategy and if they have grown to a level where institutional belief is starting to take over instead of that pure robo fintech as compared to what they were in 2020.

StashAway does have their own advantages. They do hedge their portfolios against huge crashes and take a stand on some positions which I do like because a lot asset managers don’t and even though they talk big about macro. The gold move was bold but it protects the portfolio. Again, Rome wasn’t built in a day so I guess you need to safeguard some of your monies to future proof it.

To find out more about the pros and cons of using StashAway, do refer to my previous posts.

To sign up or try out Stash Away, visit the website and use my referral code at Stash Away Referral

We’ll both get up to $10,000 SGD managed for free for 6 months which is a good deal.

Disclaimer

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at Referral and Recommendations

The pictures were taken from the Stash Away website for this article.

Series 1: Starting your Cryptocurrency journey with Crypto.com

On By RistrettzIn Alternative Income, Cryptocurrency, Interest Rates, New Ideas, Performance, Personal Finance SeriesLeave a comment

Crypto.com (CRO mainnet & https://crypto.com) has been around for some time now. I have not seen any utility crypto company who has delivered what they want to deliver to consumers over the last few years. They are as similar if not the same as any other company with a physical product that works. While I have my concerns, I do feel that they offer a little bit of everything which new users can learn about and existing users can complement with their existing knowledge.

Cryptocurrency

To a certain extent, sometimes just jumping on the bandwagon allows one to commit and understand how the crypto world works. Once you have committed some money, one will take the effort to find out more and discover the traits of the crypto world and what it entails. Crypto is a highly aggressive alternative investment and everyone should be careful. This article just talks more about what I feel so do your own diligence before jumping onto something.

Meanwhile, given that Binance International is going through some regulatory and compliance issues in Singapore. Crypto.com is a good way to explore your options. To explain further about the perks on opening a crypto.com account:

Sign-up promo (SGD100 + NFT) & USD25 Referral promo

 
By signing up, you will get SGD 100 and an exclusive NFT. Of course, you would need to be the first 100,o00 users to do so. To find out more read here: Mid-Autumn Crypto.com Promotion
 
Plus, I’d get my very first NFT “Lion Mooncake”. Curious to know how it looks like!
 
To maximise your rewards, you can choose to stake SGD $500 CRO so that I can unlock the referral bonus of US$25 (Referral Bonus)
 
To redeem NFT, you will need to sign up the NFT account that Crypto.com has at Crypto.com NFT Account
How to connect your Crypto.com/NFT and Crypto.com App accounts (Taken from their website):
    1. Sign in or create an account on Crypto.com/NFT.
    2. Go to Account Activity and select Connect to App.
    3. Enter the email address that’s associated with your Crypto.com App account and send a connection request to your inbox.
    4. Open the authorisation email, click Connect, enter your Crypto.com App passcode, and click Authorise & launch NFT.
If you would like to give Crypto.com a try do remember to use my referral code: 1JIC-91CM

Crypto.com Eco-system

 

I understand that by now, most would be a little confused with so many accounts. What Crypto.com can do is a lot of stuff. Listing it down and in summary:
 
a. https://crypto.com – This is their main app which allows you to swap cryptocurrency and also to setup your Metal VISA card. The Visa Card gives you the perks of cashback and using CRO to pay for specific vouchers (Special cashback discounts as well) – [APP only]
 
b. https://crypto.com/exchange – This is the trading account which allow you to set limits and trade with other pairs that they allow on the exchange (You can treat this as a brokerage account. The perks of opening the exchange account can be found here: Exchange Perks [Website & APP]
 
c. https://crypto.com/NFT – This is the marketplace for NFTs and also known as non-fungible Token. This is also what many know as digital art. [Website & APP]
 
d. https://crypto.com/defi-wallet – With the Crypto.com DeFi Wallet (a non-custodial wallet), you can send crypto to anyone around the world at your preferred confirmation speed and the network fee. With this you can also store and earn interest Crypto.com DeFi Wallet is a decentralized wallet, which means you own your private keys. During wallet creation, you will have to write down your recovery phrase which when needed, you will be able to restore your funds. (This is very important)
 
From here you can have the option to choose among the whitelisted validators for staking and redelegation (change delegation from existing validator to another validator). This will give you additional interest. Read more about it here: Defi-Wallet Earn

Some simple benefits for sign up

1. Supercharger

Other than putting approved coins to earn interest on the APP. You can also join in the syndication on the Exchange or the Supercharger event on the Crypto.com APP itself. You can stake your CRO and treat it as a way to farm for other coins that crypto.com has a promotion or link with. More information can be found here: Supercharger Event.

2. Metal Card Cashback

 
The Metal Card Cashback works like a credit card cashback account. The only thing that functions differently is that it is a debit card. You will need to pre-load it with cash before transacting with spends. Like any other card, they have to abide by MAS PSA. The card also credits cashback based on the MCC spends. More details can be found here: Cashback eligibility under their CRO cashback rewards program
 
Not to mention that if you take on the higher tier cards, you can get rebates for Spotify, Netflix and ever prime plus other perks which can be found here at https://crypto.com/sg/cards

3. Additional Promotion and Discounts

More perks and discount will be added over time and the updated ones until 30 Sep 2021 can be found here at User Exclusives and Promotions. If you have any queries, drop me a note and I will try my best to answer your questions. It can be daunting at first but eventually, you will get a hang of it.

Disclaimer

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 would like to give Crypto.com a try do remember to use my referral code: 1JIC-91CM

Now, if what I am sharing does resonates with you, do use my referral codes here at Referral and Recommendations

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at https://atomic-temporary-178675883.wpcomstaging.com/contact/

The pictures were taken from Crypto.com website for this article.

 

MoneyOwl Performance to date – August 2021

On By RistrettzIn Alternative Income, New Ideas, Robo AdvisorsLeave a comment

I have been investing regularly into my MoneyOwl portfolio monthly for some time now. While the amount is nothing to be shout about. It is just regularly fixing something so that I can save and invest at the same time.

I think that given the amount of time I am left with for the next month, I would likely blog lesser than before. I just have not much time on my hand but I will still squeeze in deals and new information and I have some content to share. I’ll need more time to read up and understand more about the product first before I pen it all down.

Who is Money Owl?

MoneyOwl is an initative from NTUC Social Enterprise. They are sort of a Robo-advisor coupled with a suite of wealth planning tools such as will writing and insurance solutions. What really attracted me is their rather simple way of investing and using Dimension Funds as part of their portfolio construction. I believed back then I was comparing them versus StashAway. It was only when I found out about Endowus that I went full on robo-advisors.

As a retail investor, you will most likely not be able to access such funds. When the market tanked sometime in Feb 2020, I picked a few Robo-advisor to invest into and look into performance a few months later. Almost 18 months has passed now and I will most likely show some of the performance in my later posts but I must say, by doing nothing much, all advisors reported positive returns as compared to my own stock picking.

One of the reasons I went into MoneyOwl and Endowus initially was because of the Dimensional Fund. These are not readily available to retail investors but the investing landscape has changed. Retail has as much power as one UHNW investor if combined as a whole. Of course, you can still argue that doing 1 ticket size is better than doing one million ticket size.

Summary

My MoneyOwl Portfolio is one that does not hold a lot and it is through regular S$100 crediting. It’s not a lot but as it isn’t my main Robo Portfolio, I am less inclined to put more cash into investments. At the same time, for folk who have just started the investment journey, S$100 is definitely doable for a long long term portfolio. The whole idea of this blog is to also show that it does not take a lot to start building your own retirement pot.

Recently, we also purchased a bigger apartment  and had our  second child. Funds are relatively being used up quicker and outflows have been on a hectic level. Our own portfolio would definitely be used up for the new renovations and purchase as well as childcare in the next 1.5 years. So, personal finance also have to revolve around each individual condition and understand the situation will determine what is required.

On top of the asset that we acquire, there is a need to tweak the insurance coverage due to a new child and an increased mortgage. Should there be any issues that happen to any one of us, at least the full liabilities are covered.

August 2021 performance (Since Day One Deposit)

In portfolio terms, it is up +18.30% on 2 Sep 2021 since inception in June 2020. The portfolio size isn’t something great. Just a net deposit of 2,400. I kept the regular investing of $100 per month and it’s looking rather slow. I shall decide if I would want to up that amount soon given that I have quite a bit of commitment in the coming months. August was a positive month again by +0.1%

If we look at Time Weighted Returns, it is the more accurate to account of deposit and withdrawals at +31.38% (which is 1.0% compared to July 2021) Again, this returns is just for reference. At the end of the day, what you originally invest in and the final amount will be the absolute profit.

In terms of the portfolio allocation, there is no change and it is at 60% equities and 40% fixed income. The portfolio consists of 4 different funds. Everything will be on Dimensional Funds. I kind of wished that I had a small cap fund in there. But I guess, as long as my main robo has that exposure that would be good as well on an overall basis.

Personally, I like the allocation % because it is just widely diversified for equities and widely disperse in terms of investment grade.

In the details on the profit and loss sheet:

a. The Global Core Equity Fund will be the largest allocation and makes up most of the returns to date and continues to do well.

b. The Emerging Market Large Cap Fund will be the lowest allocation and makes the least of the returns to date. I don’t mind some EM exposure at this point in time.

c. The Global Core Fixed Income Fund will be my main steady income Fund and finally.

d. The Global Short Term Fixed Income Fund will be the last stabiliser in my portfolio.

e. The government bonds remains to be on the downside which is expected though it recovered a little as compared to the previous month. The impact is negligible.

MoneyOwl fees

A few months ago, MoneyOwl announced that they have lowered their investment advisory fees as well as absorbing the platform fees due to the pandemic.

a. For asset under management S$10,000 and below, there will not be any fees charged through 31 December 2021. This amount will be rebated back in the portfolio. So take note that only Cash investments are eligible for this rebate. The cash management accounts do not have these in place and your total portfolio value has to be above S$50.

b. There is an introduction fee of S$99 which is worth about S$535 for a comprehensive Financial Planning. Money Owl’s advisors will sit down with you to review your portfolio. The review is expected to contain detailed report and recommendations (It is estimated to be around 2 hours). I do think there are some discounts if you use some linked services of sorts such as Ohm Energy (You get a S$20 off)

c. Additionally, they are introducing free financial resilience workshops to focus on cash flow management and debt management. Likely through Webinars and anyone can join in.

It is nice to see that as a partner to our national social enterprise, they are making moves to help Singaporeans. The reduced fees on investments which is one of the key points in long term investments. The more fees you pay, the more it affects your long term goals.

If you would like to give MoneyOwl a try do remember to use my referral code: 1JIC-91CM

Both of us with get S$20 worth of GrabFood Vouchers for every product or service that you sign up so that means that both of us will get up to S$60 worth of GrabFood Vouchers. (Total of 3 services/products)

Disclaimer

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 would like to give MoneyOwl a try do remember to use my referral code: 1JIC-91CM

Now, if what I am sharing does resonates with you, do use my referral codes here at Referral and Recommendations

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at https://atomic-temporary-178675883.wpcomstaging.com/contact/

The pictures were taken from Money Owl’s website for this article.

StashAway Performance – August 2021

On By RistrettzIn Performance, Personal Finance Series, Robo AdvisorsLeave a comment

September is here. Summer is over and fall is coming once more. The festive season is coming but for some it might be a stressful period. The pandemic situation has not taken a turn or twist. It’s not going to be any better going forward. Things will change too.

StashAway has been rather stagnant but considering the environment, I think it is holding out well. SA seems to try to take a bet around China and their recovery by doing a rebalancing. Now, is that system or human driven I question. Shouldn’t it be systematic driven for a robo advisor instead of attempting to drive better returns. With an ERAA approach, these actions seems rather active. Only time will tell.

Repeating to myself that if Mr Market decides to go either way, it would matter that much to me. Why is that so? If Mr Market drops, then I will add on more to the portfolios. If you have not taken the first step, action early so that you can start doing this early and learn from any mistakes along the way. By now, I would have decide on the main Robo to stake my money with. SA is not quite the one but let’s see how it goes. The competition remains strong.

Retirement Portfolio A (risk-14%)

To be a little honest, I am quite bored of the returns for StashAway.  This portfolio is my longest term portfolio for retirement. I felt that it could have done a lot better but I shall not look back and will pop in a little more when i contribute to my SRS account. The SRS account since first day deposit is currently at +4.33% as on 2 Sep 2021 (Time-weighted return). Oh well just +0.3% from July 2021. Performance wise, I think i is okay and also this is a super long term portfolio – I would say close to 25 years horizon so I’ll just leave it there.

 

In USD performance, that’s about +7.80% YTD (Time-weighted return). That’s quite a bit of FX i am losing out here. It increased by 0.9% from July last month and -0.8% from June. Then again, I wouldn’t sweat on the exchange rates since I am going to stay invested and into these portfolios. They are just a mean of reference as I look back at the performance. So, still high risk high returns? I think it’s more like, higher risk commensurate the higher returns but there is no guarantee.

 

Education Portfolio B (risk-16%)

This portfolio B is set out to be on a 15-18 year investment horizon. It is at +9.34% YTD on 2 Sep 2021 and It’s steady. It’s the same as the last time i measured during Dec 2020. I have been averaging in whenever there are market dips. The risk index is at 16% and I will adjust those risk levels as and when I feel that there is a risk on or off. For just a 2% risk increase, I see a better performance already. This month versus the last was +0.6%. Nothing to shout about really.

 

In USD, I’m looking at double digits +13.27% (Time-weighted returns). Again on the Forex rate as reference. This has increase by 1.2% month as compared to July.

Education Portfolio C (risk-20%)

For this portfolio, I look at this at shorter horizon of 12-15 years so I feel that I need to take on some risk to achieve my goals. This SA risk index is currently at 20% and will take on to be one of my riskiest portfolio. Return is at +16.78% YTD (Time-weighted return) since day one as at 2 Sep 2021. As compared to the last month, it is up by 1.2% but this is just a note to self and measure the monthly performance. Over time, more funds will be added to achieve the targeted invested goals. Two consecutive drop in performance for this portfolio In June and July while it is up for August.

 

In USD terms, we are looking at +20.98% (Time-weighted return). Looking great as usual. Although I feel that this isn’t exactly the year to take on higher risk for better returns. This has increased by 1.2% as compared to the previous month.

 

Conclusion

It is now more than one year since I started using StashAway. I still think that it has been a great supplement as a robo advisor. After using a few robo-advisors, I find that SA will play second fiddle to my Endowus Portfolio and true enough that fits exactly into how I plan it to be. Recent months, i’ve been thinking and I did not add on any regular monthly investing amount as I’m beginning to think twice about their strategy and if they have grown to a level where institutional belief is starting to take over instead of that pure robo fintech as compared to what they were in 2020.

StashAway does have their own advantages. They do hedge their portfolios against huge crashes and take a stand on some positions which I do like because a lot asset managers don’t and even though they talk big about macro. The gold move was bold but it protects the portfolio. Again, Rome wasn’t built in a day so I guess you need to safeguard some of your monies to future proof it.

To find out more about the pros and cons of using StashAway, do refer to my previous posts.

To sign up or try out Stash Away, visit the website and use my referral code at Stash Away Referral

We’ll both get up to $10,000 SGD managed for free for 6 months which is a good deal.

Disclaimer

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at Referral and Recommendations

The pictures were taken from the Stash Away website for this article.

MoneyOwl Performance to date – July 2021

On By RistrettzIn Alternative Income, New Ideas, Robo AdvisorsLeave a comment

I have been investing regularly into my MoneyOwl portfolio monthly for some time now. While the amount is nothing to be shout about. It is just regularly fixing something so that I can save and invest at the same time.

Who is Money Owl?

MoneyOwl is an initative from NTUC Social Enterprise. They are sort of a Robo-advisor coupled with a suite of wealth planning tools such as will writing and insurance solutions. What really attracted me is their rather simple way of investing and using Dimension Funds as part of their portfolio construction. I believed back then I was comparing them versus StashAway. It was only when I found out about Endowus that I went full on robo-advisors.

As a retail investor, you will most likely not be able to access such funds. When the market tanked sometime in Feb 2020, I picked a few Robo-advisor to invest into and look into performance a few months later. Almost 18 months has passed now and I will most likely show some of the performance in my later posts but I must say, by doing nothing much, all advisors reported positive returns as compared to my own stock picking.

One of the reasons I went into MoneyOwl and Endowus initially was because of the Dimensional Fund. These are not readily available to retail investors but the investing landscape has changed. Retail has as much power as one UHNW investor if combined as a whole. Of course, you can still argue that doing 1 ticket size is better than doing one million ticket size.

July 2021 performance (Since Day One Deposit)

In portfolio terms, it is up +18.19% on 4 Aug 2021 since inception in June 2020. The portfolio size isn’t something great. Just a net deposit of 2,300. I kept the regular investing of $100 per month and it’s looking rather slow. I shall decide if I would want to up that amount soon given that I have quite a bit of commitment in the coming months. July was a positive month again by +0.3%

 

If we look at Time Weighted Returns, it is the more accurate to account of deposit and withdrawals at +30.38% (which is 1.5% compared to June 2021) Again, this returns is just for reference. At the end of the day, what you originally invest in and the final amount will be the absolute profit.

 

In terms of the portfolio allocation, it is at 60% equities and 40% fixed income and makes up of 4 different funds. Everything will be on Dimensional Funds. I kind of wished that I had a small cap fund in there. But I guess, as long as my main robo has that exposure that would be good as well on an overall basis.

Personally, I like the allocation % because it is just widely diversified for equities and widely disperse in terms of investment grade.

In the details on the profit and loss sheet:

a. The Global Core Equity Fund will be the largest allocation and makes up most of the returns to date and continues to do well.

b. The Emerging Market Large Cap Fund will be the lowest allocation and makes the least of the returns to date. I don’t mind some EM exposure at this point in time.

c. The Global Core Fixed Income Fund will be my main steady income Fund and finally.

d. The Global Short Term Fixed Income Fund will be the last stabiliser in my portfolio.

e. The government bonds remains to be on the downside which is expected though it recovered a little as compared to the previous month. The impact is negligible.

MoneyOwl fees

A few months ago, MoneyOwl announced that they have lowered their investment advisory fees as well as absorbing the platform fees due to the pandemic.

a. For asset under management S$10,000 and below, there will not be any fees charged through 31 December 2021. This amount will be rebated back in the portfolio. So take note that only Cash investments are eligible for this rebate. The cash management accounts do not have these in place and your total portfolio value has to be above S$50.

b. There is an introduction fee of S$99 which is worth about S$535 for a comprehensive Financial Planning. Money Owl’s advisors will sit down with you to review your portfolio. The review is expected to contain detailed report and recommendations (It is estimated to be around 2 hours). I do think there are some discounts if you use some linked services of sorts such as Ohm Energy (You get a S$20 off)

c. Additionally, they are introducing free financial resilience workshops to focus on cash flow management and debt management. Likely through Webinars and anyone can join in.

It is nice to see that as a partner to our national social enterprise, they are making moves to help Singaporeans. The reduced fees on investments which is one of the key points in long term investments. The more fees you pay, the more it affects your long term goals.

If you would like to give MoneyOwl a try do remember to use my referral code: 1JIC-91CM

Both of us with get S$20 worth of GrabFood Vouchers for every product or service that you sign up so that means that both of us will get up to S$60 worth of GrabFood Vouchers. (Total of 3 services/products)

Disclaimer

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.

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The pictures were taken from Money Owl’s website for this article.