facebookDoes anyone know about SqSave? There's a 5% p.a promo now. https://sqsave.com/moneybox.html would you put money in it? I mean with markets getting so crappy. MAS licenced. Safe, right? πŸ‘ - Seedly

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J J

03 Aug 2024

βˆ™

Robo-Advisors

Does anyone know about SqSave? There's a 5% p.a promo now. https://sqsave.com/moneybox.html would you put money in it? I mean with markets getting so crappy. MAS licenced. Safe, right? πŸ‘

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Albert Tan

06 Aug 2024

Financial Literacy & Solutions at MoneyOwl

Not sure how much value there is investing in institutional share class of the funds vs you investing retail share class of the same funds they use

I tried their investment, and it is okay with comparable returns to other robo advisors and I think it is safe since it is MAS licensed. They are investing in

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  1. United SGD Fund Class B Acc 70%
  2. United SGD Money Market Fund Class B
    30%

which is relatively low risk but still not as low as MMF or Fixed Deposit.

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