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Review: StashAway Simple™ – Projected 1.9% pa, No Minimum Nor Maximum Balance With Full Liquidity
By Sethisfy  •  June 27, 2020
Bank interests are down (eg. OCBC, UOB, StanChart), and alternative products that give decent returns at a low risk level are starting to get their time in the sun. While Singlife and Etiqa have launched insurance policies that closely emulate savings accounts, StashAway does something a little different with StashAway Simple™. Instead of an insurance policy, StashAway Simple is an investment fund. It allocates 50% of the amount placed in it towards a money market fund, and the other 50% towards a short-term bond fund. These are low-risk asset classes, and StashAway claims that there is a 99% chance that you will not lose more than 1.7% of your money. Wait, so the capital isn’t guaranteed? As with every investment, there is a risk of losing one’s capital, and make no mistake – this isn’t a savings account nor a capital guaranteed insurance policy. Nevertheless, the underlying investments...
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By Sethisfy
As an adult, I’ve been through many ups and downs in my career path and personal finance journey, not unlike many Singaporeans. From my years as a tied insurance agent turned independent financial adviser, I realised that there are very few sources of proper, unbiased financial advice for working adults to access. Worse, self-styled “financial consultants” are selling products like savings plans and ILPs to the detriment of the clients whose interests they were supposed to serve.
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