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Anonymous
What are your considerations and how do you allocate?
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This post is no longer accepting new comments because it has been merged with Do you invest via multiple robo-advisors or do you just stick with one? If you are the former, how and why do you diversify across the multiple robos?
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Zac
27 Feb 2021
Noob at Idiots Invest
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Randy
27 Feb 2021
Financial Analyst at
Well, we invest in asset classes and stuff that we have conviction in, not in robo companies. So i dont diversify for the sake of limiting counterparty risk (in case they default or something). They are important but it does not drive my investment decision.
For me, I use stashaway for equity and syfe reit+.
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Pls read Randy's answer! Very concise and incisive.
I use just one platform because I identify with their investment philosophy, I'm convicted that my funds are safe there and I'm happy to let them manage my money solely.
Some would diversify across multiple platforms to minimise platform-specific risk. It's a good consideration but if you understand how the platform handles your money and can sleep at night knowing that your funds are safe, there's no need to diversify across platforms just for the sake of it.
Unless you find another platform can diversify into other asset classes for you, buying the same asset classes through different platforms is like going NTUC to buy Colgate, going 7-eleven to buy Colgate, then going to Sheng Siong again... to buy more Colgate.