OCBC Auto-Invest

[gysiang]

Does anyone have any experience with this? Fees are 1.5%, slightly higher than stashaway but it is directly tied to OCBC account so it's more convenient.

 

[assiak71]

1.5% can forget about it
Go for 0.5% ones

 

[awleong]

Does anyone have any experience with this? Fees are 1.5%, slightly higher than stashaway but it is directly tied to OCBC account so it's more convenient.

1.5% is ridiculously expensive... they think they're hedge funds managers?

 

[makav31i]

Does anyone have any experience with this? Fees are 1.5%, slightly higher than stashaway but it is directly tied to OCBC account so it's more convenient.

It is called Robo-Investment...Fees too expensive...There is a thread here...

https://forums.hardwarezone.com.sg/...ce-account-holders-5889332.html#post116292641

1.5% can forget about it
Go for 0.5% ones

Even with 0.5% yearly fees for AUM is very expensive over the long run...I see the fees as similar to custodian fees but custodian fees might be cheaper than AUM fees...

 

[limster]

TS is aware of the difference in the fees between OCBC and stashaway but still wants to go for OCBC because its more convenient for him.

If he's going for it with his eyes open and knowing the difference in fees, then we shouldn't stop him, especially since many of us are OCBC shareholders, whether directly or via STI ETF.

 

[gysiang]

TS is aware of the difference in the fees between OCBC and stashaway but still wants to go for OCBC because its more convenient for him.

If he's going for it with his eyes open and knowing the difference in fees, then we shouldn't stop him, especially since many of us are OCBC shareholders, whether directly or via STI ETF.

I know about stashaway but I'm not sure of how safe the company this. OCBC has always existed since forever, so I'm just keeping it as a option. I'm also looking at the Blue Chip investment plan from OCBC, is this a safer way to invest?

 

[harveyspectre]

I know about stashaway but I'm not sure of how safe the company this. OCBC has always existed since forever, so I'm just keeping it as a option. I'm also looking at the Blue Chip investment plan from OCBC, is this a safer way to invest?

I'm also looking at blue chip investments, can you bros share your experience in this?

 

[eD1s0n]

given that 1.5% is more or less unit trust level fees (and this is excluding the transaction fees for buying/selling and the bid/ask spread of the underlying ETFs), the question you should ask yourself is: is this robo advisor's algo is better than the fund managers of "balanced" unit trusts that has a mix of asset classes.

 

[boiboi123]

What are fees on stashaway like?

 

[gysiang]

What are fees on stashaway like?

0.8% + 0.1% currency conversion fee for under 25k.

 

[boiboi123]

Thank you!

0.8% + 0.1% currency conversion fee for under 25k.

 

[assiak71]

What are fees on stashaway like?

Go stashaway website see. Its very clear

 

[assiak71]

Alternatively just do your own 2 fund equities portion.

Vwrd
Es3