Is it a safe play to use Robo-advisor now as the main strategy, pro and cons?

Robo advisory is regulated by MAS. all financial institutions are regulated by Mas. i still cannot say robo advisor is safe as Smartly wind up its business in Sg.

https://www.techinasia.com/smartly-winds-down-o...

robo advisory is simple to use( base on my exper with stash away), the company set up the algorithm in its platform, you just need to DCA.... it is low cost, robo advisory primary focus is on ETFs and ETFs is a safe bet.

robo Advisors should not be your only tool to grow your money. You need diversification.

robo-advisor should be a stepping stone towards the bigger playing field.​​​

The roboadvisor industry is regulated by MAS to some extent. To be safer, you can choose ones backed by reputable organisation/firms. It is possible for a roboadvisor to close down, as with what happened with Smartly.

Why robos?

Convenience. It is simple, easy to use and no trouble.

Why not robos?

Fees can be higher than if you were to DIY. You don't actually receive proper advice but an allocated allocation through their algorithm. If you want more control of your own investment allocation, robos dont allow for such flexibility.