wql

07 Jun 2019

∙

Just came across StashAway, sounds familiar but I am really not sure what is it. Is it another P2P platform? From the reviews it looks like a bank account that allows people to buy shares etc.? :o

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Gabriel Tham

07 Jun 2019

Tag Team Member at Kenichi Tag Team

Stashaway is not a P2P platform.

Stashaway is a roboadvisor/robo investing platform.

How it works is you create an online account with them. Get a basic risk and financial profiling. They recommend you a portfolio based on your risk profile. You decide how much you want to invest, and deposit the money. They do all the investing for you for a small fee.

They don't buy individual company shares rather they invest in ETFs (exchange traded funds) which is a fund containing hundreds of companies and benchmarked against an index.

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