Advertisement

Anonymous

19 May 2020

∙

I am thinking to set aside $50 to put into robo-advisors for fun to invest for my mum. Should I do it? Which one should I choose?

Currently giving her $200 allowance each month, together with my 2 siblings, so she will have $600 each month for household purchases. This is actually a surplus and she don't know what she should do with the money.

Endowus Kristal.AI StashAway Syfe AutoWealth

9

Discussion (9)

What are your thoughts?

Learn how to style your text

Wilson Nid A Break

19 May 2020

I think buying toto/4D with that $50 have a higher chance of success, as $50/month is so neglible to made any meaningful impact down the road

Reply

Save

View 2 replies

Cryotosensei

19 May 2020

Blogger at diaperfinancingfund.blogspot.com

I think it depends on the comfort level of your mother. if the idea of investing in a robo-advisor freaks her out, maybe you can get her to contribute this $50 (or $100 as recommended by Junior Loh) into her SRS and then invest into StashAway funds using her SRS funds. at the very least, she will be able to get some tax deductions.

This is what I have been doing - top up my SRS funds and then channel them into my StashAway portfolio.

Reply

Save

KC

19 May 2020

Get Knocks at Skool of Hard Knocks

Open a high saving yield accounts e.g StandChart/CIMB Fast Saver

Save up quarterly and put your f...

Write your thoughts

Related Posts

Thinking of taking my money out of robo-advisor and putting it into UOB one account or Citibank? What's the community opinion on that?

As a fresh grad with no student loans, I have 20% of my income set aside for emergency savings + savings for big ticket items, 30% for passive investment such as ETFs, Robo-Advisors. Is this ideal?

I am a beginner planning to invest a starting amount of 2k instead of leaving it in a bank account, I am also able to set aside about $100 every month. My question is go for STI ETF or Robo-Advisor?

I am currently deciding to invest using a robo-advisor and would appreciate if those currently using robo-advisors can share your various considerations in choosing your advisor?

With large investible assets (3M+), should we diversify them across different robo-advisors or consider consolidate them under one robo-advisor or even consider private banking for personalized fund?

Related Products

AutoWealth

4.8

220 Reviews

ETFs, Equities, Bonds

INSTRUMENTS

0.5%

ANNUAL MANAGEMENT FEE

$3,000

MINIMUM INVESTMENT

N/A

EXPECTED ANNUAL RETURN

Web only

PLATFORMS

Endowus

4.7

658 Reviews

Kristal.AI

4.4

93 Reviews

Related Posts

Thinking of taking my money out of robo-advisor and putting it into UOB one account or Citibank? What's the community opinion on that?

As a fresh grad with no student loans, I have 20% of my income set aside for emergency savings + savings for big ticket items, 30% for passive investment such as ETFs, Robo-Advisors. Is this ideal?

I am a beginner planning to invest a starting amount of 2k instead of leaving it in a bank account, I am also able to set aside about $100 every month. My question is go for STI ETF or Robo-Advisor?

I am currently deciding to invest using a robo-advisor and would appreciate if those currently using robo-advisors can share your various considerations in choosing your advisor?

With large investible assets (3M+), should we diversify them across different robo-advisors or consider consolidate them under one robo-advisor or even consider private banking for personalized fund?

Advertisement