Hi, will you choose to invest in roboadvisor (syfe/stashaway) vs ILP (APA) in the long run (e.g. 10-25years) if you have no time to read up on investment stuff etc? Or there are better alternatives 😅

Hi anon,

I suppose if you're really busy and you've no time to read, you may not even understand what your ILP really entails, in terms of investments and coverage.

I'd say get the necessary insurance to cover your needs adequately, i.e. hospitalisation, etc.

Setting up a RSP sounds like a great plan, but I suppose the question is what are you regularly saving up or investing into?

A robo-advisor definitely helps take away the "hassle" of reading up and it is a good way to start your investment journey. What more, you can also set up regular deposits to constantly dollar cost average in.

Wishing you the best.

ILPs are okay if you choose those that invest 100% of your money however, due to active funds switching, you will have to trust that your advisor will be there throughout your payment term! Robo is definitely the way to go 😅

Based on the replies here, think robo is the clear winner. I think it tells a lot when insurance agents here are not advocating ILP as well. Simply because its going to be challenging to base an ILP where admin fees are high and its not as flexible compared to robo.

ILPs are the worst. Go robo