BeefCutlet
Banned
- Joined
- Dec 20, 2019
- Messages
- 4,100
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Any good? Their fees seem to be cheap
Liquidity issues perhaps?
Sent from Xiaomi REDMI NOTE 8 PRO using GAGT
People don't understand that these robos need scale and size to be sustainable.
Actually I was a bit surprised that grab didn't buy smartly out instead. Some of the older platforms are struggling and they would have done well to get acquired by Grab.
Really makes me wonder if going with the robo offered by banks is a better choice. Now really deciding between uob robo due to good funds vs syfe due to low fees. Based on my projected investment.. dun think i can hit 925k for stashaway
Sent from Xiaomi REDMI NOTE 8 PRO using GAGT
Not that i know of based on their website. For srs, once my parenthood rebate runs out, i will start srs by buying g3b with ocbc bcip.Stashaway can add up srs too fyi
For uob kay hian, they dont disclose their etfs right
Wah robo very dangerous Sia... if they suddenly close shop we suck thumb?
Just thinking.
SDIC insure up to 75k for bank deposits.
Why need to insure when our funds are already segregated , im assuming?
asking because these robo platforms state their funds are segregated but is segregation enough to protect funds? If yes, then why need SDIC for bank deposits?
different for a robo advisor which purchases securities (stocks, bonds, commodities) for you and uses a bank as a custodian (e.g. hsbc, citi)
if a robo (CMS license holder) goes bust, assets are still with the custodian
Will they force sell the assets if that happens? Yes i will get my money but if its in the red i will still loseIt seems MAS is very strict when it comes to segregation of assets. CMS license holders cannot touch client assets, so even if they go bust, they cannot touch client assets and everyone will receive their money back, because MAS will appoint a new fund manager to take care of customer
Will they force sell the assets if that happens? Yes i will get my money but if its in the red i will still lose
Just thinking.
SDIC insure up to 75k for bank deposits.
Why need to insure when our funds are already segregated , im assuming?
asking because these robo platforms state their funds are segregated but is segregation enough to protect funds? If yes, then why need SDIC for bank deposits?