HWZ Forums

Login Register FAQ Mark Forums Read

Smartly

Like Tree1Likes
Reply
 
LinkBack Thread Tools
Old 05-02-2020, 11:06 AM   #1
Senior Member
 
BeefCutlet's Avatar
 
Join Date: Dec 2019
Posts: 2,222
Smartly

Any good? Their fees seem to be cheap
BeefCutlet is offline   Reply With Quote
Old 05-02-2020, 11:44 AM   #2
Master Member
 
Join Date: May 2018
Posts: 3,891
Syfe is cheaper
From 925k stashaway is cheaper
assiak71 is offline   Reply With Quote
Old 05-02-2020, 12:48 PM   #3
Senior Member
 
BeefCutlet's Avatar
 
Join Date: Dec 2019
Posts: 2,222
Sweet Cream! Smartly not accepting new signup!
BeefCutlet is offline   Reply With Quote
Old 05-02-2020, 12:50 PM   #4
Master Member
 
Join Date: Nov 2012
Posts: 3,678
Smartly seems to have been down for several months already. Not sure what is going on.
Okenba is offline   Reply With Quote
Old 05-02-2020, 02:02 PM   #5
Senior Member
 
JetStorm's Avatar
 
Join Date: May 2007
Posts: 1,249
Liquidity issues perhaps?

Sent from Xiaomi REDMI NOTE 8 PRO using GAGT
JetStorm is offline   Reply With Quote
Old 05-02-2020, 03:43 PM   #6
Senior Member
 
BeefCutlet's Avatar
 
Join Date: Dec 2019
Posts: 2,222
Liquidity issues perhaps?

Sent from Xiaomi REDMI NOTE 8 PRO using GAGT
Wtf? How come no one in moneymind raised it before
BeefCutlet is offline   Reply With Quote
Old 05-02-2020, 04:59 PM   #7
Member
 
Join Date: Jan 2015
Posts: 229
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.
s0crates is offline   Reply With Quote
Old 05-02-2020, 05:31 PM   #8
Senior Member
 
BeefCutlet's Avatar
 
Join Date: Dec 2019
Posts: 2,222
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.
those who put their life savings inside how sia
BeefCutlet is offline   Reply With Quote
Old 05-02-2020, 10:34 PM   #9
Senior Member
 
JetStorm's Avatar
 
Join Date: May 2007
Posts: 1,249
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
JetStorm is offline   Reply With Quote
Old 05-02-2020, 10:54 PM   #10
Master Member
 
Join Date: May 2018
Posts: 3,891
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
Stashaway can add up srs too fyi

For uob kay hian, they dont disclose their etfs right
assiak71 is offline   Reply With Quote
Old 05-02-2020, 11:12 PM   #11
Senior Member
 
JetStorm's Avatar
 
Join Date: May 2007
Posts: 1,249
Stashaway can add up srs too fyi

For uob kay hian, they dont disclose their etfs right
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.

Planning to follow brother tangent314 on using cash for foreign stocks or in my case robo... Srs for local equity and cpf for bonds.

At this rate...this year will be the year where my portfolio makes a big change in terms of cash allocation.

Sent from Xiaomi REDMI NOTE 8 PRO using GAGT
JetStorm is offline   Reply With Quote
Old 06-02-2020, 12:14 AM   #12
Senior Member
 
BeefCutlet's Avatar
 
Join Date: Dec 2019
Posts: 2,222
Wah robo very dangerous Sia... if they suddenly close shop we suck thumb?
BeefCutlet is offline   Reply With Quote
Old 06-02-2020, 11:12 AM   #13
Junior Member
 
Join Date: Jul 2019
Posts: 65
Wah robo very dangerous Sia... if they suddenly close shop we suck thumb?
It 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
2474265 is offline   Reply With Quote
Old 06-02-2020, 11:17 AM   #14
Senior Member
 
sgdividends's Avatar
 
Join Date: Oct 2008
Posts: 2,314
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?
__________________
Take note that DBS and OCBC are sponsors of hwz and there are banks lurking SECRETLY esp. UOB
sgdividends is offline   Reply With Quote
Old 06-02-2020, 11:18 AM   #15
Senior Member
 
sgdividends's Avatar
 
Join Date: Oct 2008
Posts: 2,314
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?
__________________
Take note that DBS and OCBC are sponsors of hwz and there are banks lurking SECRETLY esp. UOB
sgdividends is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On