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Anonymous
Which robo-advisor or online brokerage RSP is better for beginners?
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Syfe
24 Nov 2020
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Agree with Fel M. Index ETF will definitely be cheaper in the long run. In fact, many robo advisors in Singapore invest 100% in ETFs too.
So if you invest in Robo advisor, you will likely have to pay 2 layer of fees. Example, robo advisor charge 0.8%pa, ETFs might charge another 0.2-0.4%. Total fees will exceed 1%pa. This is something many investors don’t know.
If you are not interested in learning about ETFs, then robos might be better for you.
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Fel M
17 Nov 2020
Officer at Government
I would go for FSMOne, with a low cost index fund so that my earnings will be maximised. I did consi...
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Hi there! Thanks for your interest in Syfe. With a robo-advisor like Syfe, you essentially get more bang for your buck. Low fees (from 0.4% to 0.65%), a diversified portfolio of low-cost index funds, access to our wealth experts if you need more guidance, and an overall hands-free, hassle-free investing experience. If this appeals to you as an investor, you might want to consider Syfe for your long-term investing needs.
In fact, you can schedule a complimentary call with our wealth experts now for more personalised receommendations. Hope this helps!