AutoWealth

[WWH123]

Anyone here invested with them? Please share your experience.

 

[JuniorLion]

Anyone here invested with them? Please share your experience.

Check this out:
http://forums.hardwarezone.com.sg/money-mind-210/robo-advisors-5678596.html

 

[bedtimestories]

Anyone here invested with them? Please share your experience.

Hi, ive been investing through autowealth since feb, recommended by a friend.
So far very pleased with the returns. The customer service is superb.

 

[foozgarden]

Hi, ive been investing through autowealth since feb, recommended by a friend.
So far very pleased with the returns. The customer service is superb.

whats your returns so far?
and this is only by USD rite?

 

[bedtimestories]

Anyone here invested with them? Please share your experience.

hi, the autowealth platform is easy to understand n convenient to monitor the investments. Every transcaction is recorded. Very responsive customer service. there is a wealth manager assigned to me, so I was able to whatapps the wealth manager if I had any qns.

 

[bedtimestories]

whats your returns so far?
and this is only by USD rite?

yes, the investments are in usd. the latest returns listed on their web is 12.8% (up till mar 2018). for me i joined in feb, and overall my returns has been quite stable even with the recent market corrections, so i feel safe with investing long term with them

 

[makav31i]

yes, the investments are in usd. the latest returns listed on their web is 12.8% (up till mar 2018). for me i joined in feb, and overall my returns has been quite stable even with the recent market corrections, so i feel safe with investing long term with them

Please reply like this thread...

https://forums.hardwarezone.com.sg/...stashaway-vs-smartly-performance-5756289.html

Tell us things like which risk profile you took, how much invested, what is the current value, FX rates and etc...This is to let people see it as a benchmark for comparison...

By the way, you working for Autowealth? Junior Member, digging on Robo-investor thread...hmmmm...

 

[bedtimestories]

Nope i am not working for them. im newbie in investment, personally find it good n works for me. if theres qn regarding the user experience, can drop me pm n i will try to ans

 

[lemonchan]

hi, the autowealth platform is easy to understand n convenient to monitor the investments. Every transcaction is recorded. Very responsive customer service. there is a wealth manager assigned to me, so I was able to whatapps the wealth manager if I had any qns.

There is a wealth manager assigned to you for your consultation. Need to pay extra charges for this?

I know nuts about investment, and trying to learn how to invest. I read about autowealth online. The impression i got is that there is no human financial advisor involved. So is the wealth manager considered human financial advisor?

 

[final1]

To simplify, this is a robo-investment company.

You provide them some details like your risk profile. Robot ('their computer system' for a simpler word) will decide what is best for you. You transfer them some S$ every month.
The robot will buy selected USA ETFs in US$ for you every month. Everyone investing with them owns the same ETFs. The difference is only in the ratio based on the risk profile.
You keep accumulating and dollar averaging and hope you come out ahead in the LONG-RUN. Of course, they make based on an annual fee.

Caution. This service is NOT suitable if you are short term and expect quick profits.

There are other companies doing the same thing like Stashaway.

 

[assiak71]

Why cant they add sti etf to the portfolio

 

[final1]

Why cant they add sti etf to the portfolio

I believe if they become successful enough and grow bigger, they may do something similar for SGX side as not everyone is comfortable having their assets in a foreign currency.
My speculation as to their long-term plan. But, on the other hand, the challenge of the singapore market is that it is small and volumes small. Hence, why they went for US-based ETFs.

 

[assiak71]

Btw is autowealth the only robo that has international bonds?

 

[lemonchan]

how to check if these investment company (such as autowealth) is a scam or not

 

[ExtremeWays]

Robo adviser is just simple logic programming. Nothing special that you can't do yourself. Why people cannot think?

 

[bedtimestories]

can check on the MAS website. it is licensed by MAS

 

[lemonchan]

Btw..those who have invested via autowealth, can explain in simple terms (for a beginner invester) how to interpret the SaxoTraderGO monitoring interface? Which is the most important things to look at? P/L value?

 

[djchris]

There's nothing to interpret. I didn't even bother to look at the Saxo interface because I invested through AutoWealth because I like the ETFs they are investing my money in.

No need to over analyse because I can't make changes to the % of the allocation and swap ETFs anyway.

 

[assiak71]

Autowealth can change to most aggresive portfolio if passed Sgx quiz, similar to stashaway?

 

[lemonchan]

There's nothing to interpret. I didn't even bother to look at the Saxo interface because I invested through AutoWealth because I like the ETFs they are investing my money in.

No need to over analyse because I can't make changes to the % of the allocation and swap ETFs anyway.

oh ok. Cos i thought by analysing, at least I would know whether I would make any lose , hence I could quickly withdraw the money.