Should I give Robo-advisors a shot?

[jamestarren]

Just hear me out guys - I have always wanted to invest using robo-advisors but have been scared because it's a relatively new concept and because there's this annual fee that is hard for me to give it a try.

However, recent I chanced upon an article on Dollars and Sense (https://dollarsandsense.sg/robo-advisors-in-singapore-what-you-need-to-know-before-investing/) and saw that Kristal.AI has no fees. Has anyone invested with them before?

 

[kumokumo]

i find StashAway has the easiest interface for starters. Just select one risk index and throw your money in.
My earnings has been between 5-10%, so a 0.8% fee is no big deal.

DBS is safest if you scared the company will collapse and all your money gone.

 

[Thoreldan]

I put a tiny amount in syfe reit+ to see how it goes..

 

[undergrd]

I also find stashaway having a better user interface. Hv been w them for a year and currently on a 8 - 10% earnings.

Im also having another Reits+ portfolio w Syfe. Started ard 3 mths ago and currently at a 3 - 6% earnings.

 

[Thoreldan]

I also find stashaway having a better user interface. Hv been w them for a year and currently on a 8 - 10% earnings.

Im also having another Reits+ portfolio w Syfe. Started ard 3 mths ago and currently at a 3 - 6% earnings.

Hi for your reit+, are u doing dca ? Or just a single lump sum ?

 

[undergrd]

I'm doing dca.

Hi for your reit+, are u doing dca ? Or just a single lump sum ?

 

[ilte2377]

i find StashAway has the easiest interface for starters. Just select one risk index and throw your money in.
My earnings has been between 5-10%, so a 0.8% fee is no big deal.

DBS is safest if you scared the company will collapse and all your money gone.

Yes good point, will be quite sad if you save a few bucks only to lose everything if the company collapses.

 

[Nyan]

for DCA yes, i would go with stashaway because ETF have much lower cost that unit trust. But im not doing it right now. for me my priority is house first.

 

[zenify.me]

Have been DCA-ing with StashAway for the past 1.5 years with 8-10% earning so far. Experience with their CS via WhatsApp and email has been great.

 

[chienwei]

if u get referral code for stashaway, you get fee waiver for first 10k invested for 6mths.
then u can use that 6mths to see if it works for u.

fees are impt, but more importantly is whether the investment can generate returns.

 

[wwenze]

Does the settings at stashaway work? Why everyone all 8 to 10% one? Everyone use same setting?

 

[zenify.me]

Does the settings at stashaway work? Why everyone all 8 to 10% one? Everyone use same setting?

Maybe balancing during for black swan event all same so ROI all same also.

 

[s0crates]

Stashaway is an obvious choice if you look at the size of their userbase, convenience of setting an account, and also ease of usage.

They score the highest on those.

But not sure if investing in a China tech/robotics heavy portfolio when US China trade tension is at highest level sense.

Also buying into a gold heavy portfolio when gold price is high - makes sense?

 

[Okenba]

Just hear me out guys - I have always wanted to invest using robo-advisors but have been scared because it's a relatively new concept and because there's this annual fee that is hard for me to give it a try.

However, recent I chanced upon an article on Dollars and Sense (https://dollarsandsense.sg/robo-advisors-in-singapore-what-you-need-to-know-before-investing/) and saw that Kristal.AI has no fees. Has anyone invested with them before?

There are slight differences between each, more than just the costing.

For example:

MoneyOwl & EndowUs are primarily buying Unit Trusts. So really, mostly if you like Dimensional Funds.

StashAway & AutoWealth are US ETFs. So if you're worried about Dividend Witholding Tax or Estate Taxes, they may not be for you.

There are very few Robos that work with UCITS (or Irish domiciled) ETFs that are more tax efficient for Singaporeans. I believe UTRADE ROBO is one, but they seem not to be taking in any more sign-ups. Suspiciously like Smartly before it fell apart...

Syfe looks like the only Robo that does local REITs.

In addition, currently, only EndowUs and StashAway allow for SRS investing. Though I understand that Syfe is also working on it.
And in the entire universe of Robos, it looks like only EndowUs does CPF investing, though it is a different product from their Cash and SRS product.

Many Robos also work on a tiered pricing system. So if you're into getting the lowest price, you may wish to pick the few that meets your needs and focus on them instead of spreading your money out all over the place.

 

[chienwei]

TS, just start with small amt and learn along the way.
10 dollars

 

[spiritGate]

 

[s0crates]

Fairly well written article on how you should look at investing, and they did a comparison of robos at the end. Think will be helpful for TS

https://theinvestquest.com/for-our-singaporean-readers-3-ways-to-level-up-your-investments/

 

[Spirax]

With the low interests, good to tried out the Robos, only worry is that they may closed down anytime

 

[0x0011]

Fairly well written article on how you should look at investing, and they did a comparison of robos at the end. Think will be helpful for TS


https://theinvestquest.com/for-our-s...r-investments/

Thanks nice read

 

[lousylah]

Grab auto-invest should bring DCA investing via ETF/MMF further into mainstream mindset (vs usual Fixed D, REITs).

They have the lowest barrier to entry in terms of on-boarding and investment amounts from as low as $1 every grab transaction (few $ a day on average of many users).

They are not the cheapest and still early to judge if they are good (in terms of returns over long term) but barrier-to-entry is important to many regular folks out there