In an eagerly anticipated news, DBS announced the launch of the digiPortfolio segment live on its investing platform. The main objective is to enable everyday Singaporeans like you and me to invest and grow our money.
The theme – “Invest. Sleep. Repeat” is exactly why the digiPortfolio is appealing to the masses. It is especially suitable for those who want to invest and grow their money yet have limited time and commitment to DIY their own portfolio.
With digiPortfolio’s dedicated team taking care of your investment, investors can now have their cake and eat it too. Peace of mind along with potentially steady compounded growth in their investments.
Why digiPortfolio Appeals To Me?
The digiPortfolio currently provides two portfolio offerings to investors – Asia Portfolio and Global Portfolio.
If you have been following my blog, you would know that I have been channelling my resources within Asia. This is largely due to the familiarity with the local accounting and regulatory practices.
While it gives me easier access to do scuttle-butting on companies, the flip side is that my returns over the years have been heavily pegged to the Asia market’s performances. I have been unable to tap on the good performance of other overseas markets, especially the US market.
With digiPortfolio, I can finally start to diversify into the global market knowing there are dedicated portfolio managers within the team that can help me manage my investments.
Step 1: Choose the Asia Portfolio or Global Portfolio
As a start, you have a choice between the Asia Portfolio or the Global Portfolio and both are suitable for beginners since one only requires $1,000 (do note the respective SGD and USD currencies) to invest.
Step 2: Choose Your Risk Appetite
Once you have selected your focus areas on your portfolio, you will need to indicate the preferred risk level that you are comfortable with.
There are 3 risk levels for each portfolio selection, which is classified under “Slow n Steady”, “Comfy Cruisin” and “Fast n Furious”.
The “Slow n Steady” selection is the most risk adverse where the portfolio consists mostly of fixed income (80%), Cash (5%) and Equity (15%).
The “Fast n Furious” selection is the least risk adverse where the portfolio consists of Equity (75%), Fixed Income (20%) and Cash (5%).
For me, I chose the “Fast n Furious” risk level because of its heavy weightage on the equity selection which I think will continue to do well in the next few years.
There are factsheets that you can also zoom down to each portfolio selection if you want to read on each the ETF holdings.
Step 3: Complete the Customer Account Review (CAR)
As mandated for regulatory and compliance purpose by MAS, every investor is required to complete the Customer Account Review (CAR) prior to putting his or her money into the Global Portfolio investment.
This is to enable the bank to assess if an investor has the relevant knowledge required to understand the risks that investment products possess.
No pre-qualification is necessary for investing in the Asia Portfolio.
Step 4: Transfer Funds From Multi-Currency to digiPortfolio Account
All you need is now a transfer from your multi-currency to the digiPortfolio account.
Step 5: Sit Back, Relax and Enjoy Watching Your Moneytree Grows
And ta da…. You are all set!
Now all you need to do is to relax, sit back and watch how your digiPortfolio performs.
Remember! Investing is for the longer term, so it is likely that you will have to be patient to reap your rewards (My portfolio is in green as I wrote this)
Disclaimer: This is a sponsored post from DBS but all opinions stated are purely mine. Disclosures of risks are subjective so please evaluate on your own.
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Why would it matter? I walk the talk by using the product myself as you can see it.
Slightly over 1k doesn't mean putting any risk for you so zw does have a point
Yes it matters. Readers do expect financial bloggers to declare sponsored post.
I'm sure you guys are matured adults and doesn't need to be spoon fed so evaluate at your own decisions.
It matters because that is the expectation to put disclaimers. Almost all financial bloggers mention it when they introduce products to the public. Why are you so reluctant to mention it?
P.S. If they pay you 2k, and you put the 1k in the product, would that be considered be "walking the talk"?
Take a look at these posts and you see they all mentioned it, some right at the start and some at the end.
https://financialhorse.com/reps-invest-review/
https://www.sgbudgetbabe.com/2019/11/dbs-digiportfolio-one-of-best-and.html
Yes. I personally think this is a good platform to tap into the global market without worrying on the dividend tax etc if we will to invest ourselves and also save the time to actually understand the global market.
I myself have just started the global portfolio with DBS as well.. Wish us luck
Hi Ray
Yeah exactly, the thing is they are portfolio managers not fund managers so by right they should have the upper cut advantage than us in understanding the different funds while we save time to DIY the portfolio ourselves.
bro any mgmt fees to consider? tks
Hi CK
Yes they do charge management fees of 0.75% for handling your portfolio. These fees are different with the ETF fund fees.
wont 0.75% seems a tad on the high side?
Hi FC
Yeah, it seems a little high on the front but I think in the long term we'll have to see if that is the new norm or other robos with a much lower comm can sustain with their low fees.
I guess if they can return me 5 percent per annum I wouldn't mind the 0.75% mgmt fee. just wondering if the mgmt fee is front loaded or back loaded.
CK,
Mgmt fee is calculated daily (based on portfolio NAV) & deducted once a year. Bit like POSB interest in reverse.
Expect some years to be -ve ( can be big -ve if prolonged bear market).
For e.g. a 50% global equity & 50% global bonds portfolio provided a LONG term return of 6.8% CAGR (Jan 1994 – Oct 2019).
But it's worst year was -19.7% (2008).
And max peak to trough drawdown was -30% (Oct 2007 to Feb 2009).
looks like a sponsored post
Definitely a sponsored post lah LOL. But more importantly is whether got cover BOTH pros & cons??
Good for those who want convenience & perceived safety of DBS. Else with some effort, you can replicate using Interactive Brokers buying the ETFs from London Exchange and also enjoy similar low expenses or even cheaper (transaction fees versus annual wrap fees).
Another good thing that nobody talks about is the use of Dublin and/or London registered ETFs. These enjoy dividend withholding tax treaty with US. So underlying US companies' dividends will be taxed at 15% instead of 30% if we buy US ETFs direct from US markets.
Most other robo-advisors use US ETFs & are subject to 30% dividends withholding tax. But most will apply for full/partial refunds for those US bond ETFs. US equity ETFs … can't escape.
There is *some* active allocation probably based on asset class valuations & the economic cycle (similar to StashAway). Is the process systematised & automated? Or is it based on human discretion from analysts & strategists? Did DBS do a backtest on the process? How did it compare, say, to a global 75:25 or 50:50 index over the past 30 years?
As for "invest. sleep. repeat" …. get real lah haha! I can bet 150% that in the next -50% bear market, investors will pull out or stop their regular investing (usually near the bottom LOL).
uncle168,
you should disclose this as a sponsored post and put disclaimer not sure make money one or mas spf cad will come to find you and dbs drink kopi leh
https://asas.org.sg/Portals/0/Images/ASAS/news/Enhanced%20Appendix%20J/Annex%20A%20-%20SCAP%20APPENDIX%20J.pdf
keekeekee
uncle168,
you advertise for dbs on investingnote, public forum cannot advertise one leh or they sue you unless you pay them for the post and put disclaimer
if someone complain about you to the authorities then dbs would act blur because they got put disclaimer on their website, whether you put is your business
keekeekee
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Are you so hard up on money that you have to earn commission from this? You have fallen.
It's ok to earn commissions from promoting stuff. After all nobody cares about our family's welfare as much as we ourselves.
It's just good ethics to be upfront about it.
Especially if you're not going to list down a lot of the cons and other alternatives to consider or some hard questions which readers can follow up with DBS if they're interested.
seems like alot of keyboard warriors around with the need to comment on any and everything
Hi Brian, may I know if there are any estimated dividend for each portfolio or capital gain only if any? Thanks.
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Counting fresh capital as part of capital gains making cagr look good.
Now this.
You should fall on your own sword.
"Counting fresh capital as part of capital gains making cagr look good."
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digiPortfolio is pretty interesting. It's interesting to let a team to handle your investments. It's cool to select a good risk level.
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