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Can someone roughly summarise what StashAway does and if it's worth investing in?
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4.7
1297 Reviews
StashAway Simple Guaranteed 3.55% p.a. (Guaranteed rate)
Cash Management
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None
ANNUAL MANAGEMENT FEE
None
MINIMUM INVESTMENT
3.5%
EXPECTED ANNUAL RETURN
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StashAway is a roboadvisor. It uses algorithms to help you invest in different assets based on the risk profile you choose. There are many other roboadvisors out there including AutoWealth/Syfe/OCBC Robo Invest/DBS DigiPortfolio.
Whether a not it's worth investing depends on whether you see value in the different assets they invest in. For example, if you do not agree with them investing in a particular ETF, you can choose another roboadvisor or DIY your own portfolio.