If I'm new to investing, should I just start out with a RSP (DBS/OCBC/Philips Capital etc) using the DCA method or I can start out with robo-advisors such as Stashaway?

Hey!

Both Robo-advisors or Regular Shares Savings Plans are viable option for Dollar-cost-average.

With that, your point of consideration will be on a few factors:

• What are you looking to invest in?

• The platform fees and cost

For Regular Shares Savings Plan, you can invest in things such as:

• Certain counters listed on SGX

• The STI ETF (30 top local stocks)

• ABF Singapore Bond Index Fund

If that is not that you are looking for and you are looking to gain exposure to the overseas market, Robo-advisor can be a good way to do so, that allows DCA.

A quick example will be my investment in a particular robo.

It helps me gain exposure to the Japan, China-Tech and US market. Something that is not possible without a high capital in the past.

Should you choose to go for a RSS plan, you can look at our comparison here before deciding which one to go for:

https://blog.seedly.sg/which-regular-savings-pl...

Take note of the things you can invest in, and the cost.

For robo-advisors, here's a comparison:

https://blog.seedly.sg/singapore-robo-advisor-i...

Look out for the fees, and maybe you can look at their reviews to find out more about their performance.

https://seedly.sg/reviews/robo-advisors​​​

If you know what funds to get, willing to rebalance periodically, have somewhat moderate starting capital, you can consider going through a brokerage for cheaper fees.

If you prefer convenience or unsure what funds to get, then you can go with robos.