Advertisement
Anonymous
6
Discussion (6)
Learn how to style your text
Amanda Ong
07 Jun 2019
Country Manager, Singapore at StashAway
Reply
Save
You do not have to adjust anything. The algorithm will do it for you.
I'd just like to correct you on one thing: depending on the time horizon of your investment using stashaway, you might not be able to 'grow' your money. There is no certainty that your money will grow if you do not invest long-term.
Reply
Save
Gabriel
13 Nov 2018
Undergraduate at National University of Singapore
All you need to do is to set your risk profile and StashAway will automatically help you to build yo...
Read 1 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Posts
Advertisement
Hi there, just thought I'd jump in to help you with your question.
My name is Amanda and I work at StashAway. We keep it as flexible as possible for our clients- there is no minmum deposits, you can deposit anytime you wish, you can set a standing instruction with your bank to make monthly deposits or choose to stop your deposits anytime you'd like.
We do however, recommend clients to keep investing through regular contributions in order to reap the rewards of dollar-cost averaging. You can read more about it here: https://www.stashaway.sg/r/dollar-cost-averaging.
By investing a fixed dollar amount on a regular schedule, regardless of market conditions, you will purchase more shares when prices are low and fewer shares when prices are high. This ensures that you will invest at a reasonable price and exchange rate, and avoid investing at market tops, helping you to manage the risk of your investments. Therefore, reducing the probability of making a large investment at an unfavorable price/exchange rate, especially considering the volatile markets in recent months.
With that said, investing steadily and consistently into a diversified portfolio, while maintaining a long-term perspective, will definitely have a bigger influence on your long term returns.
I hope this helps!
If you have any further questions, please feel free to drop us an email at [email protected], our team will be happy to help! :)