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Gabriel Tham
07 Jun 2019
Tag Team Member at Kenichi Tag Team
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StashAway Simple Guaranteed 3.55% p.a. (Guaranteed rate)
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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.