DBS digiportfolio

[revhappy]

But isn't the way that syfe/stashaway /Dbs fiddling with the ETF allocation another layer of uncertainty and active management, making it different from buying and holding ETFs?

What you are getting from robos' etc is inherently different from what you get through a brokerage. It's outsourced active management packaged under passive investing.

Yes. Buying ETFs is good, if you can be unemotional and not look at the price and go and straightaway buy the 2 or 3 ETFs. But that doesnt happen. I look at the price,it looks high, I try and time it or skip it.

Even though the Robo, tries to appear to do something smart and manage, in the end I think it will just give you the returns of a 60:40 stock bond allocation. But give you a feeling that your money is very cleverly getting allocated. There are many roads to invest and we should choose whatever suits us. I tried doing ETFs directly and for a person like me, knowing too much is a handicap.

 

[ahboy82]

I do both, mixture of own investing vs using dbs portfolio

Yes. Buying ETFs is good, if you can be unemotional and not look at the price and go and straightaway buy the 2 or 3 ETFs. But that doesnt happen. I look at the price,it looks high, I try and time it or skip it.

Even though the Robo, tries to appear to do something smart and manage, in the end I think it will just give you the returns of a 60:40 stock bond allocation. But give you a feeling that your money is very cleverly getting allocated. There are many roads to invest and we should choose whatever suits us. I tried doing ETFs directly and for a person like me, knowing too much is a handicap.

 

[Joe Maya]

You will be hit with the currency conversion for both legs. I think you will lose 1% easily in just the conversion, if you plan to remove it soon. So do it only if you want to keep it for long term.

5k x 4 portfolios - 2 local & 2 global all level 4

10k - 5 years or till i need it.

10k - 10 years or more.

 

[lzjlee]

Actually what is the difference between having another portfolio with the same portfolio and same risk type vs top up? Will they invest differently? What are the pros/cons.. Thinking whether to top up my existing portfolio or create a new portfolio.

 

[Kojo0403]

Actually what is the difference between having another portfolio with the same portfolio and same risk type vs top up? Will they invest differently? What are the pros/cons.. Thinking whether to top up my existing portfolio or create a new portfolio.

Depends on your investment objective for that portfolio.
For instance, if your are planning for retirement and have 30yrs time horizon, a higher risk portfolio might be fine. But if you are saving for your child education in 10-15yrs time, you might wish to go for lower risk portfolio so there is more certainty over the shorter period.
Of course you should also take into consideration your ability and willingness to take risk among other factors.

Personally i just go for Asia portfolio level 4 as I see growth in Asia outsizing global in the next few decades.

 

[GreenCurry]

For global portfolio, after you sell, the USD will be in MCA right? how about the fx back sgd?

 

[lzjlee]

Depends on your investment objective for that portfolio.
For instance, if your are planning for retirement and have 30yrs time horizon, a higher risk portfolio might be fine. But if you are saving for your child education in 10-15yrs time, you might wish to go for lower risk portfolio so there is more certainty over the shorter period.
Of course you should also take into consideration your ability and willingness to take risk among other factors.

Personally i just go for Asia portfolio level 4 as I see growth in Asia outsizing global in the next few decades.

Waseh bro.. 10 or 30yrs like abit long hor. I only have some funds freed up from multiplier which is my liquid cash. So am only looking at 1 to 5yrs. But nice sharing. I also bought Asia level 4.

 

[GreenCurry]

any more reviews on digiportfolio

 

[revhappy]

For global portfolio, after you sell, the USD will be in MCA right? how about the fx back sgd?

You will have to convert again and pay commission, which is why I shun this Roboadvisor.

 

[GreenCurry]

You will have to convert again and pay commission, which is why I shun this Roboadvisor.

uhh.. maybe Asia portfolio would be the option.

 

[GreenCurry]

Actually what is the difference between having another portfolio with the same portfolio and same risk type vs top up? Will they invest differently? What are the pros/cons.. Thinking whether to top up my existing portfolio or create a new portfolio.

you mean top up lump sum or dca regularly?

 

[lzjlee]

you mean top up lump sum or dca regularly?

Lump sum top up.. I didn't know can DCA. In the end I created another portfolio. Unrealised P/L tracked individually.

 

[revhappy]

uhh.. maybe Asia portfolio would be the option.

Asia portfolio is very odd. Only Singapore, India and China. Basically, they are using what is listed on SGX and they are hamstrung with the options available on SGX. So the starting premise of this Robo itself is wrong, that it will choose what is available in SGX. Ideally Asia should be AAXJ ETF, which has delivered awesome performance. But there is no equivalent in SGX.

Overall, Digiportfolio is a half hearted attempt towards Roboadvisory, since they know there are so many people who have DBS accounts and will choose DBS. I would prefer pure play solutions like Syfe or Stashaway.

 

[GreenCurry]

Lump sum top up.. I didn't know can DCA. In the end I created another portfolio. Unrealised P/L tracked individually.

err no, i mean manually top-up did u?
I have not started any digi portfolio yet

Asia portfolio is very odd. Only Singapore, India and China. Basically, they are using what is listed on SGX and they are hamstrung with the options available on SGX. So the starting premise of this Robo itself is wrong, that it will choose what is available in SGX. Ideally Asia should be AAXJ ETF, which has delivered awesome performance. But there is no equivalent in SGX.

Overall, Digiportfolio is a half hearted attempt towards Roboadvisory, since they know there are so many people who have DBS accounts and will choose DBS. I would prefer pure play solutions like Syfe or Stashaway.

Thanks.

Yes, considering because having DBS acc, my concern with global or any is the fx

 

[kumokumo]

Only use DBS robo if you got the fear that other robos will one day suddenly collapse along with your money. DBS is the safest.

 

[vbhelper]

the sian part is when u are earning profit and request for withdraw, u get loss when ur investment is deposited back to ur account on 5th day.

this is so unpredictable

 

[tesarise]

the sian part is when u are earning profit and request for withdraw, u get loss when ur investment is deposited back to ur account on 5th day.

this is so unpredictable

this is common for robo. robo not suitable for short term trading/scalping

 

[lzjlee]

the sian part is when u are earning profit and request for withdraw, u get loss when ur investment is deposited back to ur account on 5th day.

this is so unpredictable

So if withdraw everything, the amount we see on that day will not be the same as the amount deposited back to our account ah?

 

[vbhelper]

So if withdraw everything, the amount we see on that day will not be the same as the amount deposited back to our account ah?

yes

10 char

 

[Kojo0403]

Only use DBS robo if you got the fear that other robos will one day suddenly collapse along with your money. DBS is the safest.

yea.. that’s the main reason why i would choose them.
At least there is better safeguard and you know that they will be around for many years.