For beginner, can i focus on multiple Robo Invest Platform? 15k War fund and 1.5k monthly investment for next 5 years?

Hello Everyone.

For the next 5 years i will consistently keep aside $1.5k monthly investment savings.
This is my current plan. Is this excess for roboinvestor?
Initial Deposit
$5k - Stashaway Global market
$5k - DigiPortfolio DBS
$5k - OCBC Roboinvest
Monthly Top Up
$500- Stashaway (Global)
$500 - DigiPortfolio DBS (Asia)
$500 - OCBC Roboinvest
Additionally i am also trying to save separately another warfunds. And invest when im confident in timing the market.
What is a good amt to start?

StashAway OCBC RoboInvest DBS digiPortfolio

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Gideon Ng

07 Sep 2020

Blogger at FI Pharmacist

Hi Anon,

I'm in the same boat as you and I'm investing in 4 different robo-advisors.

I think the most important thing is that you have to agree with the investing strategy of each robo you invest in. It's also important to see if you have any overlaps in the investments that your robos are making.

Another thing to consider for robos is the fees. They may seem quite little at the start. However, once your portfolio value increases, so does your fees. Eventually, it may no longer be cost effective for you to invest in a robo, as you are paying an exorbidant amount of fees.

With regards to your warchest query, I would think that you have to consider the transaction fees when you want to time the market. If you invest too little each time, the transaction fees are pretty steep. As such, you should calculate to see what's the ideal amount that you can invest, and see if the fees are ok for you.

If you'd like to find out more about robo-advisors, you can check out my article that answers 13 questions you may have about them.

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