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CAN THE PORTFOLIO SUSTAINABLY ACHIEVE A 1.9% RETURN?
This is an updated post from the original article that was previously written back in Nov 2019. Since then, global interest rates have been slashed with a recent report from Bloomberg highlighting that Singapore could see negative rates creeping in soon. I also provide an update on other no-frills cash savings options.
There has been quite a fair bit of discussion of late pertaining to StashAway Simple offer of a cash management portfolio that allows retail investors the option of investing in money market funds to generate higher returns compared to normal bank deposits.
According to Mr. Michele Ferrario, the co-founder, and CEO of StashAway, the company’s cash management portfolio termed as StashAway Simple, allows one to earn a flat rate