If I have spare 1000K per month (after deducting saving and expense), should I invest this money in Investready II from Manulife (hold for 3 yrs), Stashaway or DCA from MoneyOwl?

Currently, Invest Ready II by Manulife has 0% charges. But I think UT give lower return? StashAaway and MoneyOwl will be a better choice of investment?

Contribution 3 years
Welcome Bonus 5% (till 13 Sep) – equivalent to
$600
Ongoing Fee 2.5% (0.7% admin & 1.8%
supplementary charge)
Breakdown of fees:
1st year 2.5% x 12,000 = $300
2nd year 2.5% x 24,000 = $600
3rd year 2.5% x 36,000 = $900
Total $1,800
Less: Rebate of incentive $1,200
Less: Welcome bonus $600
Net cost (over 3 years) $0

StashAway MoneyOwl

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Asheesh Chanda

22 Oct 2019

Founder at Kristal.AI

The fees you mentioned are very high. You should evaluate platforms like kristal.AI or even a self managed Saxo account. At kristal.AI we have made ETF investments upto 50K USD completely free

For 1K USD, you can get a good deiversification amongst ETFs and even REITs.

I would suggest you evaluate a systematic plan into a balanced portfolio - which has a good mix of Equity ETFs, Bond ETFs and Gold. Systematically adding to such a portfolio every month can help build a corpus over time. You can also run the algorithm we have made available at kristal.AI to see what is the suggested recommendation for your profile.

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Evelyn

09 Oct 2019

1800 for fees is very expensive from what I’ve learnt so far.
3x12 monthsx1k=36k
1.8k/36k= 5% of your investment amount.
I know it equates to 0 net costs, but it doesn’t guarantee you will get your returns right?

If I were you, I will just park it in some high yield savings account like DBS multiplier. At least it’s guaranteed earnings as compared to buying UTs or ETFs. UTs and ETFs need a longer time frame for better returns, no?

And I just googled a little bit more. InvestReady is ILP. Do correct me if I’m wrong. ILPs are probably not the best way to invest your monies

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