I don’t believe all these ****. Even buffet and Dalio cannot. CIO is simi kar? You go google the names of his analysts, I wont be surprised if they comprised of some average joes + some fresh grads
It's not easy to beat the market/index over the long term in the first place. People still don't get it.
How do you know those ppl won’t be better off if they just do s&p500? Any data to show? I do etf and I know my returns better than digiportfolio. But that is me. I don’t know how other ppl performs.
They just fit some past data and say their "historical performance" is better than index. Look. Some people will do better, some people will do worse. Just because some managed to luck out with short term outperformance doesn't mean it's a good solution.
Investing 101, but again, the same people who look at digitportfolio in the first place are probably not smart enough to discern what's right or wrong anyway.
Anyway, I just want to make a final point that the whole point of using robos for newbies is not necessarily to beat buying VWRA/S&P500 on IBKR.
It's really for convenience, especially when investing in a range of products, at a risk level suitable for them.
Is DBS digitportfolio low cost? Yes, cheaper than what you can get from DBS RMs that charge ridiculous sales charges AND management fees. But cheaper than IBKR? Definitely no.
Cheaper than pure play robos like Endowus? No as well. Wtf they still take trailer fees and take an absurd usdsgd bid-ask spread.
Dbs/OCBC/UOB robos just suck la... Just something to appease their shareholders and clueless board of directors...
