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Anonymous

20 Jun 2020

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General Investing

I have $3000-$5000 spare cash and want exposure to global markets (esp US and China). I'm also saving up for a wedding/house over the next few years. Should I invest with roboadvisors or DIY?

US brokerages like IB are affordable but only when your investment amount hits $100k. I've looked at SAXO for DIY but it seems that the transaction/custodian fees are quite expensive given that I intend to execute trades perhaps quarterly or so, with low capital. Hence I'm wondering if cost wise, I should just go with a robo (looking at Autowealth) for a fuss free, low cost way to gain exposure to global markets. Thanks!!

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YT

20 Jun 2020

It would depend on how much time you are willing to spend. Autowealth has a globally diversified portfolio of equities and government bonds and you will not need to select your funds and balance it out. DIY allows for more control, good if you know what you're going for, but this will take more time.

This $3-5k that you are investing should not be part of the money for housing. If it is, it is better to put into capital/return guaranteed instruments for more security. This can include high-interest savings account, fixed deposits and short term endowment plans.

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