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Anonymous

13 Sep 2020

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I'm interested in using Stashaway to gain passive income to help me save for a private degree.?

Is it wise to use Stashaway during such a pandemic? and are the returns generally good in the long run or should I stick to keeping my money in Singlife?

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Dionysius Ang

13 Sep 2020

Aerospace Engineering at Nanyang Technological University

It wouldn't be. Because you're planning to use that money within a short-ish time frame of 2-5 years. You wouldn't want to risk suffering losses during this period.

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YT

13 Sep 2020

Investment are risky and there is a chance of losing some of your initial capital. Therefore, if you need the money soon (<5 years) for tuition payment, then it is not advisable to go with robos.

You may want to consider an instrument with guaranteed capital (minimally) such as fixed deposits, short term endowment plans, SSB. The returns from these investments would definitely be lesser than what you may get from robos, but you will be certain that you do not need to fork out more capital to pay off your fees.

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