Should I adjust the risk for my roboadvisor portfolio?

Hey Guo Wei. I share your thoughts as well. Do note that when you adjust risk, roboadvisors will realise profits/loss on any excess portion of asset classes that should be trimmed when porting over to the new portfolio and buy into asset classes that is required to fulfill the holdings of the new portfolio.

An alternative to changing risk of an existing portfolio would be to cease contribution to your current risk portfolio and contribute to higher isk portfolios. Of course, if you are extremely bearish about your existing portfolio, then changing risk will align your risk profile the most efficiently.​​​

One important thing to note is the reason why you chose your current risk level.

If the initial reason was due to low risk appetite, which has not change now, then you should not change your allocation due to the possible higher downside. For example, if you are given a 80-20 allocation to bonds and stocks, you should not change it to 20-80 to ride the uptrend since it goes against your initial objective.

If the situation has changed, such as being more financially savvy and able to create better goals, then you can change accordingly.