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Hello reader,
Some investors take on higher risks for bigger rewards, and others – like me – do the opposite.
However, as recently as a few years ago, I didn’t see myself investing in the stock market at all. I didn’t understand how it worked, and I didn’t have the time or energy to learn about it either.
It was only after the introduction of financial services apps like Groww and Zerodha in India that I began experimenting.
In Singapore, there are similar apps that aim to make money management easier. One such platform is StashAway.
In the Big Story this week, my colleague Simon delves into the financials of StashAway, uncovering how the company managed to halve its losses in 2023.
Reducing expenses by 30% during the year certainly helped. However, this came at the expense of its top line, with year-on-year growth slowing from 15.6% to 10.1%.
Clearly, big returns require big risks.
— Samreen
THE BIG STORY
Image credit: Timmy Loen
StashAway cut losses by half to $10.9m, grew top line by 10% in 2023
The robo-advisor platform achieved adjusted earnings profitability in its largest market – Singapore – as of May this year.
3 Trends to keep an eye on
Hot stocks, earnings reports, restructuring, pressure from activist investors, and more.
2 Eye-popping facts
The one you didn’t see coming
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