facebookIf I already have some money in StashAway account, should I open an Endowus account and put funds there rather than just add to my StashAway account? - Seedly

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Anonymous

13 Feb 2021

Robo-Advisors

If I already have some money in StashAway account, should I open an Endowus account and put funds there rather than just add to my StashAway account?

About $20k in StashAway and thinking whether to open Endowus because of their CNY promo. Already set aside emergency funds and have ~>$100k investments, so just a matter of comparing between the two platforms and whether there is a need to diversify in this way.

Discussion (4)

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Zac

13 Feb 2021

Noob at Idiots Invest

Just like to point out that Endowus offers advised portfolios and Fund Smart (they've curated a list of funds for you to DIY your portfolio).

The fund-level fees for their advised portfolios are actually pretty reasonable ranging around 0.3% to 0.6%. (Based on what I see in my portfolio). The low fees are probably because their advised portfolios comprise passive funds, in line with their philosophy of harnessing market efficiency to generate benchmark like returns.

Fund Smart funds may have slightly higher fund-level fees (up to ~1%); this may reflect some degree of active management.

I think one of the biggest reasons many people invest with Endowus is for the ability to invest your CPF monies.​​​

If you think you will invest with endows in the future, you can alway just open an account now and wait.

However you can use their Fundsmart to make your own portfolio that won't overlap with your stashaway portfolio so diversify your exposure.

Randy

12 Feb 2021

Financial Analyst at

I believe it depends whether you have more conviction in what the robo companies invest in.

Persona...

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