StashAway Account Opening

Recently, I helped my wife to open a StashAway account. The primary purpose of opening this account is to compare the returns of StashAway with MYTHEO.

StashAway account opening process

The account opening process is quite simple. We need to provide our personal details and also choose an investing plan. The investing plan is categorized into two categories: General Investing or Goal-based Investing. I have selected General Investing and the next step is to choose between Core or Higher-risk. Nonetheless, the Higher-risk is locked and can only be chosen if a SGX quiz is taken. I have no idea what this quiz is.

During the registration stage, there is a StashAway Risk Index that we need to specify. This index provides a rough idea of the asset allocation based on our risk profile. I adjusted the index to the most aggressive which is 22% (meaning there is a 1% chance that my portfolio’s value will lose more than 22% in any given year).

We will need to provide our identification card soft copy during the account opening process. 

Asset allocation

Based on my risk index, my target asset allocation by asset class recommended by StashAway is as follows:

Government Bonds 16 – 25%

• US Inflation-linked Government Bonds: iShares TIPS Bond ETF = 12.50%
• Emerging Market Local Government: iShares J.P. Morgan USD Emerging Markets Bond ETF = 8.00%

Equity Sectors (US) 36 – 54%

• Small Cap: iShares Core S&P Small Cap ETF = 15.00%
• Consumer Discretionary: Consumer Discretionary Select Sector SPDR Fund = 15.00%
• Healthcare: Health Care Select Sector SPDR Fund = 15.00%

International Equities 15 – 22%

• United States: iShares Core S&P 500 ETF = 7.50%
• Europe: Vanguard FTSE Europe ETF = 11.00%

Commodities 12 – 18%

• SPDR Gold Trust = 15.00%

Cash 1%.

My target asset allocation by geography is like below:

North America 39.45%

• United States of America = 39.45%

Europe 11.35%

• Denmark = 0.30%
• France = 1.74%
• Finland = 0.22%
• Ireland = 0.92%
• Italy = 0.42
• Netherlands = 0.86%
• Spain = 0.49%
• Sweden = 0.51%
• Switzerland = 1.71%
• United Kingdom = 2.67%
• Germany = 1.44%
• Jersey = 0.05%
• Luxembourg = 0.02%

Asia 1.27%

• Indonesia = 0.39%
• Philippines = 0.29%
• Russia = 0.28%
• Thailand = 0.01%
• Turkey = 0.30%

South America 0.53%

• Brazil = 0.26%
• Colombia = 0.27%

Central America 0.44%

• Mexico = 0.43%
• Cayman Islands = 0.01%

Africa 0.23%

• South Africa = 0.23%

Conclusion

For the fee structure of StashAway, you can refer to this article. Since this account is just opened, there is no performance data yet. I will update the returns in the future.

Referral code

Below is my referral link to StashAway. By using this link, I may gain referral reward from your registration with the platform. If you think I have done a good service in explaining the topic, please click on the link below if you have interest to register. Otherwise, you can always search StashAway with Google and register yourself.

StashAway: Link here – If you register and invest through this link, you and I might get a 6-month management fee waiver*.

*Terms and conditions apply.