Wanting to try our Robo Investors instead of putting cash in DBS Multiplier

I have been using these for 2 years. I feel that its risk adverse. I also encourage friends to start using Robo first if they have little investing knowledge, see how the Robo-advisor plan and manage the portfolio then along the way pick up new information and you will start to build your confidence.

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You have to start from somewhere right? I feel your main concern is afraid to take the first step as Robos do not have the same branding and reputation such as banks and not really which investment instrument to use.

Hi Trix,

I think you need to clarify first what you intend for this money to be. Inherently, savings (Multiplier account) and investments (Robos) are very different. Savings are meant to be liquid, no risk, low growth. Investments will be moderately liquid, come with risk but higher growth.

If you want your money to be as safe as possible, with Robos, you should probably opt for a highly conservative portfolio that consists mainly of bonds. This will protect the value of your investments in the case that you need them in the short term.

If you're prepared not to touch this money for the next 10 years, then you can consider more risky portfolios consisting of more equity.

Hope this helps!

Regards,
thefrugalstudent