Are you looking for a way to invest your money in Singapore? Look no further than StashAway Singapore. As a MAS-licensed investment platform, StashAway is designed for portfolio and wealth management for all at low fees. With over $1 billion USD in total assets under management and a strong team of over 150 employees, StashAway is here to empower people to build long-term wealth.
Understanding StashAway is simple and straightforward. With StashAway Simple™, you can earn a projected 3.7% p.a. on any amount, with no minimums, no maximums, and no rules. Alternatively, with StashAway Simple Guaranteed™, you can earn a guaranteed 3.8% p.a. on any amount, with no minimums or maximums. StashAway only partners with MAS-regulated banks, so you can invest with certainty.
Key Takeaways
- StashAway Singapore is a MAS-licensed investment platform designed for portfolio and wealth management for all at low fees.
- With StashAway Simple™ and StashAway Simple Guaranteed™, you can earn a projected or guaranteed rate of return on any amount, with no minimums or maximums.
- StashAway only partners with MAS-regulated banks, so you can invest with certainty.
Understanding StashAway
If you’re interested in investing in Singapore, StashAway is one of the first robo-advisory platforms that you should consider. It was established in 2016 and has been offering affordable management fees and zero minimum investment requirements, making it an attractive option for beginners with limited funds and experience.
Investment Portfolios
StashAway’s investment approach is based on Modern Portfolio Theory, which means that they aim to maximize returns while minimizing risk by diversifying investments across different asset classes. They offer three main types of investment portfolios:
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General Investing Portfolios – These portfolios are designed for long-term investing and are tailored to your risk tolerance. They offer exposure to a range of asset classes, including equities, bonds, and commodities.
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Income Portfolios – These portfolios are designed for generating regular income and are tailored to your risk tolerance. They offer exposure to a range of fixed-income assets, including bonds and cash.
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Halal Investing Portfolios – These portfolios are designed for Muslim investors and are compliant with Shariah law. They offer exposure to a range of halal-compliant equities and fixed-income assets.
Thematic Portfolios
StashAway also offers thematic portfolios that are designed to invest in specific themes or sectors. These portfolios are a great way to invest in companies that you believe in and that are aligned with your values. Some of the themes that StashAway offers include:
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Environmental, Social, and Governance (ESG) – This portfolio invests in companies that are committed to environmental sustainability, social responsibility, and good governance practices.
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Technology – This portfolio invests in companies that are at the forefront of technological innovation, including companies involved in artificial intelligence, robotics, and cloud computing.
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Healthcare – This portfolio invests in companies that are involved in the healthcare sector, including pharmaceuticals, biotechnology, and medical devices.
Cash Management
StashAway also offers a cash management feature that allows you to earn interest on your cash balances. This feature is designed to help you earn a higher rate of return on your cash while keeping it easily accessible. The cash management feature is available to all StashAway customers, and there are no minimum balance requirements or fees.
Overall, StashAway is a great option for anyone looking to invest in Singapore. With its affordable management fees, zero minimum investment requirements, and a range of investment portfolios and thematic portfolios to choose from, StashAway makes it easy to invest in a way that is tailored to your individual needs and goals.
Getting Started with StashAway
If you’re looking to invest in Singapore, StashAway is a great option for you. With its user-friendly app and simple account setup process, you can start investing in no time. Here’s how to get started with StashAway:
StashAway App
StashAway has a mobile app that you can download for free from the App Store or Google Play. The app is intuitive and easy to use, making it perfect for beginners. Once you’ve downloaded the app, you can explore StashAway’s features, portfolios, and how you can create or add goals. You can also learn more about investing and saving through the app’s educational resources.
Account Setup
To open an account with StashAway, you can use their web application or mobile app. You’ll need to provide some personal information, including your name, email address, and phone number. StashAway will also ask for your taxpayer identification number (TIN) if you’re a US Tax Resident. You’ll also need to set up two-factor authentication to ensure the security of your account.
Transfers and Deposits
Once you’ve set up your account, you can start transferring and depositing funds. StashAway has a cash management portfolio called StashAway Simple and StashAway Simple Plus. You can invest in these portfolios and earn a competitive interest rate. To transfer funds to StashAway, you can link your bank account to your StashAway account and initiate a transfer. You can also set up recurring deposits to make investing even easier.
Overall, StashAway is a great option for investors looking to save and invest in Singapore. With its user-friendly app, simple account setup process, and educational resources, you can start investing in no time.
StashAway’s Investment Approach
When it comes to investing, StashAway has a unique approach that sets it apart from other investment platforms. Their investment methodology is based on ERAA® (Economic Regime-based Asset Allocation), which is an intelligent investment framework that minimizes your risk and maximizes your returns.
Asset Allocation
StashAway’s investment approach is focused on asset allocation, which is the process of dividing your investment portfolio into different asset classes such as stocks, bonds, and cash. This is done to achieve a balance between risk and reward. StashAway uses macroeconomic indicators to discover economic conditions before the markets respond. They also rely on data, research and testing to select the asset classes that comprise your investment portfolio.
Rebalancing
StashAway’s investment approach also includes rebalancing, which is the process of adjusting your investment portfolio to maintain the desired asset allocation. StashAway’s algorithm automatically rebalances your portfolio when necessary, ensuring that your investments are always aligned with your investment goals and risk tolerance.
Risk Management
Risk management is a critical part of StashAway’s investment approach. They use a combination of strategies to manage risk, including diversification, hedging, and cash management. StashAway’s portfolios are diversified across asset classes, geographies, and investment themes to reduce volatility and market risk. They also use hedging strategies to protect against interest rate movements and market volatility. Additionally, StashAway keeps a portion of your portfolio in cash to ensure liquidity and provide a buffer against market downturns.
StashAway’s investment approach is designed to help you achieve your investment goals while minimizing risk. With their ERAA® framework, you can be confident that your investments are being managed intelligently and efficiently. Whether you’re a beginner investor or an experienced one, StashAway provides a suite of products tailored to different investment needs. With fees as low as 0.2%, you can start investing with any amount and watch your goals flourish.
Fees and Charges
Are you interested in investing with StashAway Singapore but want to know more about their fees and charges? Here’s what you need to know:
Pricing Structure
StashAway Singapore has a straightforward and transparent fee structure. The annual management fee is calculated as a percentage of the total assets under management, ranging from 0.2% to 0.8%, and is charged monthly on a pro-rata basis. For beginner investors, the management fee is 0.8% annually.
In addition to the management fee, there are other fees to be aware of. These include a 0.2% fee for ETF management and a forex transaction fee of 0.08% for currency conversion between non-USD and USD deposits.
No Hidden Costs
StashAway Singapore does not charge any account setup or exit fees. They also offer unlimited, free withdrawals and transfers between portfolios. Rebalancing, transaction, and re-optimisation costs are included in the management fee, so there are no additional charges for these services.
StashAway Singapore is regulated by the Monetary Authority of Singapore, ensuring that they operate in a fair and transparent manner. They are committed to providing their clients with the best possible service while keeping fees low.
In summary, StashAway Singapore offers a competitive pricing structure with no hidden costs. The annual management fee is based on a percentage of your total assets under management and ranges from 0.2% to 0.8%. They also offer unlimited, free withdrawals and transfers between portfolios. With StashAway Singapore, you can invest with confidence, knowing that your net fee will be kept low.
Maximising Your Savings
If you’re looking to maximise your savings, there are several options available to you through StashAway Singapore. Here are some ways you can make the most of your money:
Retirement Savings
If you’re looking to boost your retirement savings, StashAway Singapore offers a Smart Investment Platform that allows you to invest your SRS funds and get immediate tax savings. You can keep your risk constant in any economic condition while optimising for both long-term returns and ESG impact.
Emergency Fund
Having an emergency fund is crucial to ensure that you have backup funds for unexpected expenses. StashAway Singapore offers several low-risk options for your cash, including fixed deposits, Singapore Savings Bonds, T-Bills, and cash management accounts.
One option is StashAway Simple™, an ultra-low risk cash management portfolio that lets you grow your savings without uncertainty or volatility. You can lock in your choice of tenor and earn a guaranteed 3.8% p.a. with Simple Guaranteed.
Another option is Simple Plus, which offers an automated flow to help you save more. You can set up a recurring transfer from your bank account to Simple Plus, and the funds will be invested automatically.
Overall, StashAway Singapore provides several options for maximising your savings, whether you’re looking to boost your retirement savings or build an emergency fund. With low-risk options and competitive returns, you can make the most of your money and achieve your financial goals.
Frequently Asked Questions
How can I trust StashAway with my investments?
StashAway is a reliable and trustworthy investment management platform. It is backed by a team of experienced professionals who are dedicated to providing you with the best investment experience. StashAway’s investment framework is based on Nobel Prize-winning research, and their portfolios are designed to optimize returns while minimizing risk. Additionally, StashAway is regulated by the Monetary Authority of Singapore and is subject to strict compliance standards.
What are the potential risks of using StashAway?
Like any investment, there are potential risks associated with using StashAway. However, StashAway’s investment portfolios are designed to minimize risk by diversifying across asset classes and geographies. Additionally, StashAway uses advanced risk management techniques to monitor and manage risk in real-time. While investing always carries some degree of risk, StashAway’s approach is designed to help you achieve your investment goals while minimizing risk.
Is StashAway regulated by the Monetary Authority of Singapore?
Yes, StashAway is regulated by the Monetary Authority of Singapore (MAS). This means that StashAway is subject to strict compliance standards and is required to adhere to regulations designed to protect investors. StashAway’s compliance team works closely with MAS to ensure that all regulatory requirements are met and that your investments are protected.
How does StashAway ensure the safety of my funds?
StashAway takes the security of your funds very seriously. All funds are held in segregated accounts with trusted third-party custodians. StashAway also uses advanced security measures to protect your personal and financial information, including two-factor authentication, SSL encryption, and regular security audits. Additionally, StashAway’s compliance team works closely with regulators to ensure that all regulatory requirements are met.
What are the returns I can expect from investing with StashAway?
The returns you can expect from investing with StashAway depend on a variety of factors, including your investment goals, risk tolerance, and investment horizon. StashAway’s investment portfolios are designed to optimize returns while minimizing risk, and historical performance has been strong. However, past performance is not a guarantee of future results, and your actual returns may vary.
How user-friendly is the StashAway mobile application?
The StashAway mobile application is designed to be user-friendly and intuitive. The app is available for both iOS and Android devices and allows you to easily manage your investments from anywhere. The app includes features like portfolio performance tracking, goal tracking, and account management tools. Additionally, StashAway’s customer support team is available to answer any questions you may have and help you get the most out of the app.