Advertisement

Anonymous

05 Jul 2019

∙

Is Robo Advisory best for me? I am a foreigner in SG on EP (aged 36) and would like to invest 20K for 1 year.

This could be extended to 3 years depending on my EP renew condition. Apart from this 20K, I have sufficient emergency fund, pls advise what is my best option. I am a total newbie to investments so should I opt for Robo Advisiory like Stashway, Autowealth etc. Thank you in advance!!

12

Discussion (12)

What are your thoughts?

Learn how to style your text

K C

27 Dec 2023

Just do SP500 etf. Robo sometime anyhow one. Waste time

SP500 etf is a proven strategy that has a history since 1930 that give annual average compounded return is 9%

Reply

Save

Siow Nan

05 Jul 2019

E at NUS

A roboadvisor may be useful for Dollar cost averaging over a long term period.
Maybe for a start put your savings in a high interest rate savings account first while you explore various options. Your 1-3 years investment horizon is pretty short and you need to weigh that against your risk appetite

Reply

Save

View 5 replies

Sebastian Sieber

18 Jun 2019

I think a Robo Advisor / Digital Wealth Manager is still a good choice for you.

I agree with the o...

Write your thoughts

Related Posts

Hi. I'm 25, plan to invest 20k for a start and invest 1 or 2k monthly thereafter. Want to do a long term investment, likely 10 to 15 years to grow my wealth. Any advice how I should invest?

I am currently doing DCA with a few robo Advisors to try out their UIs and after being at it for a while, I would like to consolidate to just one robo advisor. How do I consolidate my investments with Robo-Advisors from 2 of them to 1?

I'm still an undergrad with about 1.5-2 years left before graduating. I would really like to start investing and don't know where to start. I currently have around 1-2k for investment. Any advice?

I would like to do a Lumpsum Investment for 50-80k SGD - any advice on this please ; Aged 37 M ; I dont need this money for 3-5 years. Already invested in SPY/QQQ/VUG & Stashaway & SYFE RIETS

What would be the best investments as a 21 year old planning for long term savings for retirement at age 65

Related Products

Standard Chartered JumpStart Account

4.8

783 Reviews

Maximum Interest: 2.50% p.a. for balances up to S$50,000

INTEREST RATES

$0

MIN. INITIAL DEPOSIT

$0

MIN. AVG DAILY BALANCE

DBS/POSB Multiplier Account

4.4

321 Reviews

OCBC FRANK Account

4.7

212 Reviews

Related Posts

Hi. I'm 25, plan to invest 20k for a start and invest 1 or 2k monthly thereafter. Want to do a long term investment, likely 10 to 15 years to grow my wealth. Any advice how I should invest?

I am currently doing DCA with a few robo Advisors to try out their UIs and after being at it for a while, I would like to consolidate to just one robo advisor. How do I consolidate my investments with Robo-Advisors from 2 of them to 1?

I'm still an undergrad with about 1.5-2 years left before graduating. I would really like to start investing and don't know where to start. I currently have around 1-2k for investment. Any advice?

I would like to do a Lumpsum Investment for 50-80k SGD - any advice on this please ; Aged 37 M ; I dont need this money for 3-5 years. Already invested in SPY/QQQ/VUG & Stashaway & SYFE RIETS

What would be the best investments as a 21 year old planning for long term savings for retirement at age 65

Advertisement