facebookI'm planning to set up a portfolio for Retirement Plan with AutoWealth platform. Do this portfolio allow you to redraw monthly dividends? What is your experience for the return? - Seedly

Anonymous

07 Nov 2021

βˆ™

Robo-Advisors

I'm planning to set up a portfolio for Retirement Plan with AutoWealth platform. Do this portfolio allow you to redraw monthly dividends? What is your experience for the return?

How should I set up the compositions below? Should I deposit 10k Initially, recurring monthly $500.

Equity (Stocks):

Fixed Income (Bonds):

Forex / Commodities:

Mutual Funds (Unit Trusts):

Alternative Investments (Others):

Discussion (1)

What are your thoughts?

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Not sure what your definition by withdraw monthly dividends.

If:
A) Portfolio's yearly dividends withdrawal, then I'm not sure you can. But I do know its auto reinvested. You can hit up the AW team and they will get back to you on this.
B) Upon retirement, liquidate your portfolio partially for monthly withdrawal for passive income, then yes they are definitely going to implement this. Or have already implemented. Just that I am not aware of it. This is one of the key features that most robos would have for their long term investors.

I'm in their Level 4 Portfolio (Highest Risk) 80% Equities and 20% Bonds. 10% YTD since Jan. If I'm not wrong, Endowus' YTD earnings is better. I started Endowus a few months ago, alr at 3.48%. Not a really fair comparison, but yeah I think with Endowus' 100% Equity Core portfolio, there's a possibility of a higher return. Hmu if you want any promo codes.

If you want, you can split 5k/5k and 250/250 in both Endowus and AW if you want to see which portfolios can get you a better return. Then after, liquidate one and move to the better one.

Nonetheless, the key feature of AW is that you have an assigned Wealth Manager that will reply your messages. AW also has a telegram group for investors and the CIO would answer any general market outlook questions or questions related to the AW portfolios. They also have weekly updates in the telegram grp too.

Just my 2cents worth. You do you.

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