facebookAs a new investor, should I purchase ETFs using POSB invest-saver or using Robo-advisors (Stashaway/Smartly)? If I use robo advisors, will the returns be lesser/affected due to currency impact? - Seedly

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Anonymous

19 Jul 2019

Robo-Advisors

As a new investor, should I purchase ETFs using POSB invest-saver or using Robo-advisors (Stashaway/Smartly)? If I use robo advisors, will the returns be lesser/affected due to currency impact?

Anyone has any advice, thanks!

Discussion (6)

What are your thoughts?

Alex Chua

Alex Chua

07 Jun 2019

Level 9·Seedly student Ambassador 2020/21 at Seedly

Dear anonymous, change your tag for the benefits of the mess as it does not suit the topic of your questions.

Adding on to @Jay Liu and @ HC Tang whom I share the same idea with (why not BOTH especially u have the cash?) :
As a new investor (I just started too...), you wanted to get started somewhere. You are eager to. But you don't know how. You want to maximise learning experience, knowing and familiarise the market, getting a higher possible returns, with a lower possible risk and the lowest possible cost.

STI ETF (or posb invest saver) is a good way to get things started. Well-diversified + low cost + potential gains in the long run. You can thereafter start researching about local market.

Robo advisors are something you can start too because it meets your needs and wants. (Diversification and understanding global market). Different robo advisors provide different opportunities and style so do your diligence and choose your preferences and requirements before started with one (risk assessment). You can familiarise with the impact of currencies on your capitals/ results. Thus, the returns will definitely be affected, positively and negatively.

Hope this is helpful. I have done research on robo-advisors but no prior experience.

P. S: If only I have capital to start :(

View 1 replies

HC Tang

HC Tang

15 Sep 2018

Level 13·Financial Enthusiast, Budgeting at The Society

Why choose one of you can do both since most robo is US market and POSB invest saver is STI. So do both for both market.

Yes for robo has currency impact , but the returns on long term also higher minus some of the currency impact. You can reduce that impact by deposit and invest in USD for Stashaway allow for min 10k USD.

https://www.stashaway.sg/faq/360001224533-what-...

Jay Liu

Jay Liu

15 Sep 2018

Level 9·Accounting and Finance at ACCA

How about both? When you invest in robo-advisors e.g. Smartly, you are investing in US ETF too. So i...

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