facebookIs Syfe, Stashaway, FSMone RSP better for a beginner investor investing for growth in the long run? - Seedly

Anonymous

24 Nov 2020

General Investing

Is Syfe, Stashaway, FSMone RSP better for a beginner investor investing for growth in the long run?

Which robo-advisor or online brokerage RSP is better for beginners?

Discussion (8)

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Syfe

24 Nov 2020

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!

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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