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I am considering investing the $5,000 into a stock. Some of the stocks I have been looking at are Facebook, Amazon, Mastercard, Sea Limited.
Next, for the monthly DCA, I am thinking of investing through a Robo-advisor. What are your preferred Robo-advisor? I am thinking of Autowealth, despite the $3,000 min investment. Will Robo-advisors be a superior choice over buying the S&P500 stand alone? If yes, why?
Pls feel free to share any idea or criticize. Thank you in advance :D
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Bryan
02 Aug 2020
Data Management & Financial Analytics at EDHEC Business School
Would recommend you to put 5k into a roboadvisor and 1k dca into it every month.
However, more information like your risk appetite, time horizon, preference for control, reward expectation do play a part in making the decision around the instrument for investing.
I personally do buy the tech stocks and manage my own tech portfolio however I do spend time studying the business and reading developments around the industry. However, dumping 5k into a single stock is generally frown upon.
I would think Stashaway with its ERAA (Economic Regime-based Asset Allocation) is one of the more recognised robo-advisor in the market now.
Check out https://seedly.sg/reviews/robo-advisors for more information!
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Amelia Yamato Leow
02 Aug 2020
Student Ambassador 20/21 at Seedly
Along with the advice below, you can also try using kristal.AI, which lets you choose / customise yo...
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