facebookI’m thinking of putting $600 DCA per mth, shd i: (1) buy ETFs off SGX (2) put it in one roboadvisor portfolio (3) split funds across a few roboadvisors (eg $200 in each)? thanks! - Seedly

Finance noob

Edited 06 Jan 2022

General Investing

I’m thinking of putting $600 DCA per mth, shd i: (1) buy ETFs off SGX (2) put it in one roboadvisor portfolio (3) split funds across a few roboadvisors (eg $200 in each)? thanks!

Discussion (2)

What are your thoughts?

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1) depends on which ETF in SGX you are looking at. with $600/month, you can buy only 1 unit of S27 (starting later this month can buy just 1 unit, with usual broker commission)

2) listen and talk to them before deciding who to invest with. make sure your investment goals align with the way they invest your money. otherwise market movement a bit only you may find yourself cursing at the robo. or worse, if other robos outperforms in a certain year, you may find yourself jumping in and out of robos to chase the hype.

3) depends on which robos you decide to split into. Eg sfye and stashaway core portfolios are similar, endowus and moneyowl core portfolios are similar. not much advantage splitting money into similar funds with different robos.

hope this helps.

I am thinking either RSP into ETF because can automate. But it still have transaction fee.

https://secure.fundsupermart.com/fsm/regular-sa...

Or

Syfe trade because of it fractional share and 2 free trade per month

https://www.syfe.com

i prefer a simple ETF rather than a portfolio managed by someone. Just my opinon.

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