A few readers have asked for some performance updates on my
Here are some actual (not back-tested) returns for their multiple investment options: Conservative, Moderate, Growth, Multi-Strategy, and ESG. I personally picked the middle-of-the-road Moderate portfolio. I made my initial investment in mid-December 2022, so I’ve only received two full months of returns information. Here are the performance numbers they sent me for January 2023:
Interesting that the Moderate and Growth portfolios had similar returns in January, but the Multi-Strategy and ESG returns were noticeably different. They also mention the specific ETFs used in their portfolios.
Here are the returns numbers they sent me for February 2023:
Again, the Moderate and Growth portfolios had similar returns in January, and Multi-Strategy and ESG did their own thing.
Here is what is held in my “Moderate” Portfolio:
My personal returns.. Here’s a screenshot from my Save app dashboard, which shows that I invested $1,000 in mid-December 2022. I don’t really pay much attention to these numbers because I am committed for a full year and just like with the stock market, my final numbers may not look anything like this by the end of my term. For example, I could extrapolate my 1.69% returns for roughly 3 months out to 12 months and get 6.76%, but I don’t think that is useful information.
The primary reason I was inclined to make this investment was that by opening via a
Finally, I was surprised to learn that the returns on Save app are taxed as long-term capital gains due to the fact that you are investing the interest and holding it for at least a full year. The long-term capital gains rate is usually lower than taxes on ordinary income, which is how traditional bank interest is treated. See this
Excess returns will go in my
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