This article is an 8-month update of my journey investing in two Robo-Advisors: StashAway and Wahed Invest. Everyone’s result will be different.
In my first review, I deposited RM 1,000 into each of my StashAway & Wahed Invest accounts and made some solid returns. This time around, I increased my portfolio value to RM 10,000 each to see if they still perform.
But before we continue, I previously made a mistake and need to address them:
Correction From Previous Post
Thanks to my viewers who commented on my YouTube video, several corrections need to be addressed before we move on:
- Robo-Advisors invests in ETFs.
- The most aggressive portfolio on Wahed is ‘very Aggressive’, my portfolio was the second most aggressive.
New Summary of Wahed Invest Vs StashAway
- I incrementally deposited up to RM 10,000 into each of my StashAway & Wahed Invest account.
- I withdrew some money from both StashAway & Wahed Invest to prove that you can withdraw your money from your own accounts.
|Net Deposits||~RM 10,000||~RM 10,000|
|Portfolio||2nd aggressive||2nd aggressive|
|Actual Average Earnings||-RM 100 (1%)||RM 497 (5%)|
|Spread of Money||Spread all over the world, except Malaysia||US & Malaysia|
|Easy to Withdraw?||Quick & painless||Quick & painless|
I don’t look at the percentage gains displayed on the apps because are misleading. My calculation is simple, if I deposit RM 10,000 and I made RM 500 in profit, I assume my profit is 5%.
Overall, the pros of Robo-Advisors overcome the cons, and I will continue investing with them in the future.
Who I Think Robo-Advisors Are Perfect For:
- People who are new to investing & don’t want to spend time researching.
- People who want to keep things on autopilot and simple.
- People who can check on their investment anytime via a simple to understand the app.
- People who are not interested to read financial reports, charts, and financial reports.
- People who want the ability to withdraw their earnings at a simple push of a button, without having to call an agent or take a day off from work to queue up at the bank.
Who I Think Robo-Advisors Are NOT For:
People who enjoy the process of researching and picking out their investments.
StashAway Results (Personal)
I had the 2nd riskiest portfolio on StashAway. Here is what I did to my portfolio & how it performed after 8 months:
- I deposited RM 10,000 in increments starting in July.
- After July, my returns were always negative, hovering around -RM 100.
- In Oct, my portfolio plummeted to its lowest point, where I lost a staggering RM 500. or 5% of my portfolio’s value.
- Eight months since I invested with StashAway, I decided that StashAway was not for me. I withdrew all my money as soon as my returns returned positive (it was +RM 120 at the time).
When I requested to withdraw all the money, StashAway transferred all my balance to my bank account and automatically closed my portfolio. I could no longer access any historical chart after my account is closed 🙁
Here’s a snapshot from my previous article (back when I only had RM 1000 in my portfolio). I would imagine the spread would not be too far off from when I started:
- Most of the money (44%) in my StashAway portfolio is spread all over the world, mainly in North Americas & European equities.
- 35% of the money is invested in gold.
Wahed Invest Results (Personal)
I had the 2nd most aggressive portfolio on Wahed Invest.
After I deposited RM 10,000 in July, my portfolio returns were pretty steady. Around December, I profited RM 497 or ~5% from the original amount I’ve invested.
Wahed Invest seems to be performing predictably. Between StashAway & Wahed Invest, I choose Wahed Invest moving forward.
Wahed Invest’s Advisor Fees are also ridiculously cheap at around 0.05% of my portfolio value:
Here’s the breakdown of my Wahed Invest portfolio:
- US Stocks: 45%
- Sukuk: 25%
- Malaysian Stocks: 17%
- Gold: 10%
- Cash: 3%
Withdrawing Profits From Wahed Invest
I had a lovely anniversary dinner with my fiance and decided to withdraw a bit of my Wahed Invest’s profit to pay off the dinner:
What Would I do Next?
- I will continue to put more money in Wahed Invest every month.
- I have not entirely given up on StashAway and would want to give it another go in the future, but I’ll use a smaller amount this time.
Sign Up For Wahed Invest or StashAway:
I would like to point out that this is my experience, and yours could be different.
For example, some of my friends who invest in both just like me are profiting better on their StashAway rather than Wahed Invest. TIMING MATTERS.
To sign up for either Wahed Invest or StashAway, click on the links below and get rewarded!
WAHED INVEST: Use my link & insert my code: MOHHAS198 to get a bonus $2.5 into your account.
STASHAWAY: Sign up with my link and you’ll get up to RM 30,000 managed for free for 6 months:
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