I'm 23, quite new to investing. I have a lump sum around $8-10k seeking to passively invest in robo. Any advice on how to DCA between digiportfolio & stashaway?

Have already set aside emergency funds. Currently i have 2k in digiportfolio (asia) but keen to start on StashAway general investing to gain exposure to US ETF/markets, is this approach ok?

Any advice on how should I invest/DCA this sum of money between the two platforms (eg. monthly sum? & should i give more weightage to one than the other?)

Also, if my DCA amount decreases later, what would be the impact?
Eg. I DCA $500 monthly into each platform, so my lump sum would have been already invested in 8~10months time. Thereafter, if I am only able to DCA $150 into each platform (for example), is there any issue with this?

Thank you for your valued responses

StashAway DBS digiPortfolio

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Steven @ HedgeFinTech.com

Edited 09 May 2022

Updated May 2022

While investing through RoboAdvisors is a good step forward, I would suggest reading up more on the concept of investing and compounded returns before considering paying high expense ratios through RoboAdvisors. Essentially, RoboAdvisors automate your funds through ETFs, and you can do that yourself for cheaper.

That said, I am a still supporter of building my portfolio of investments in Value-Growth companies to compound my capital in excess of the market average (10%) over the years. I would recommend checking out the following books to learn more about Value Investing before you make a decision to invest your hard-earned money. Book Depository ships books at affordable pricing to Singapore too so I personally use it to get my US investment books, and I hope this helps you.

Intelligent Investor

Common Stocks and Uncommon Profits

One Up On Wall Street

If you are looking for brokerages to invest in the US stock market, can also consider Moomoo/Tiger Brokers. There's an ongoing sign-up offer, and I got more than $300 in a week, which is an 11% yield on my capital. That's more than the dividend yield paid out across all my SGX shares! If you are interested in jumping on the bandwagon to get the rewards, do check out the links below :)

Moomoo ($40 cash coupon + potentially Tesla Share: up to $1300 with $2700 deposit)

Tiger (1 Free Grab Share + $5 cash coupon + potentially Tesla Share: up to $1270 with $2000 deposit)

(Update: With the Student promotion for Moomoo, you only need to deposit $1000 instead of $2700 to get your $240 reward!)

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D

18 May 2021

Hi there, I’m new to the investment scene myself and use Stashaway along with some DIY. The good thing about using a robo advisor is that it takes away the emotional aspect and you will not be tempted to make drastic changes to your portfolio despite the ups and downs.

If you are concerned about putting in the funds as a lump sum, you can also it into a cash management account like Stashaway Simple and slowly DCA.

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