Other than splitting my monies to different high interest banks, I also did robo investing. I’m looking into diversifying more. Would it be better to hire someone to do investing for me?

Hi there,

Its good that you have started to take account of your finances, by diversifying your holdings. However, other than your robo-investing, most of your savings yield interest rates of 3% or lower. Even if you are hitting the maximum tiers of your high-yield accounts, you will still have opportunity cost.

Having a good amount of liquidity, 6 months of emergency funds is definitely good for yourself. Beyond that you will need to start looking for better opportunities to grow your wealth. You can outsource your wealth solutions to a bank, who in turns either use an insurer or UTs to help grow your assets.

You can also turn to investing yourself, and invest through ETFs, who have managers managing the assets. At the end of the day, your risk tolerance will also determine your ideal solution, however the situation might change in due course. If you do need some advice on how you might diversify in your situation, do drop a request so that we can have a discussion on the best way forward.

Hope i was able to answer your queries!

It depends on your time available for your investment and keeping yourself updated with the market. Because hiring someone to do investing for you cost fees to you so you may want to make it worthwhile for you, knowing what the advisor can do for you and moving forward his service. Most importantly, would be getting your objectives aligned and understand its basis of recommendation. Feel free to consult any advisor who specialise in investment for any non-obligation discussion before deciding!