[8 Month Update]: Wahed Invest Vs Stashaway — RM 10,000 Portfolio
This article is an 8-month update of my journey investing in two Robo-Advisors: StashAway and Wahed Invest.
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 opened up StashAway Simple and deposited RM 5,000 — Necessary?
- I withdrew some money from both StashAway & Wahed Invest to prove that you can withdraw your money from your own accounts.
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, my profit rate is 5%.
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:
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)
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:
Withdrawing Profits From Wahed Invest
I had a lovely anniversary dinner with my fiance and charged that to my credit card. I decided to withdraw a bit of my Wahed Invest’s profit to prove 2 things:
- That I can withdraw my earnings from my Wahed Invest portfolio.
- That Wahed Invest’s earnings can pay off some of my expenses.
I felt like our fancy dinner was sponsored by Wahed Invest. Pretty cool, not going to lie.
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.
Sign Up For Wahed Invest or StashAway:
Unlike my experience, some of my friends who invest in both just like me are profiting better on their StashAway. TIMING MATTERS. You win some, you lose some.
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.
Originally published at https://balkonihijau.com.
