facebookCan you explain what robo advisors are about in the first place? I am a complete newbie and I thought robo advisors are tools to help people test the water for investing - Seedly

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Pei Si Wong

23 Jun 2021

Events

Can you explain what robo advisors are about in the first place? I am a complete newbie and I thought robo advisors are tools to help people test the water for investing

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Basically, traditional investment requires human in making the judgement. Robo advisor to put in simple terms, you put the money there and let the Robo do the job.

I recommend, if you are starting with Robo advisor, you can consider between Syfe (equity 100 or REITs+) or stashaway.

I will suggest for with syfe if you don't have much capital, go with stashaway if you have more $ because the highest fee for stashaway is 0.8, the lowest is 0.2 whereas syfe is 0.6 to 0.4.

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