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Anonymous
DBS/POSB digiPortfolio worth a try?
Hi! I would like to hear your thoughts on local banks(specifically DBS digiPortfolio) doing their own robo-advisor investment portfolio. Is this worth the try?
No platform fee
0.75% annual management fee
$1000 min
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Hey Anon,
You mention about trying out so I'll assume you haven't dipped into robo-advisors.
I prefer "commercial" robo-advisors such as StashAway & Syfe, due to their slightly lower fees and no min amount requirement, which I think the latter is appealing as you can try out with a very small amount (eg. $200), & withdraw without any penalty.
My 2 cents, still your call.
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0.75% fees doesn’t include the fund expenses so overall you might be paying 1-2% p.a. in fees. The 0...
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I dun like DBS/POSB , the fees is quite high , i rather use Autowealth or Syfe or endowus.