facebookPoly student with 5k savings. Currently all placed in singlife. Should i put half of it in Stashaway instead? - Seedly

Anonymous

12 Nov 2020

Robo-Advisors

Poly student with 5k savings. Currently all placed in singlife. Should i put half of it in Stashaway instead?

Discussion (7)

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So how is it after a close to 2yr ? any reviews?

Hi there, do you need the 5K within 3 - 5years time? If you do, you should set it aside first before deciding to invest. (For working adults, it is usually prudent to have at least 6-12months of your monthly salary as emergency funds. However given that you are still a student where most of your expenses are covered by your parents, this should not be an issue)

Once you have done that, you can put your remaining money into Roboadvisors like StashAway

I currently have investments in 3 RoboAdvisors namely StashAway, Syfe, and DBS DigiPortfolio. All 3 do provide great interfaces and in terms of upside/downside, all 3 provide different portfolios to cater to your risk appetite.

You can look at my reviews on StashAway, Syfe, and DBS DigiPortfolio on my blog. I have also included my current returns there.​​​

I have faith in Stashway or SYFE etc robos will bring u return of more than 2% definitely!! (except ...

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