What’s the outlook for stashaway as grabinvest will be entering the market?

As roboadvisor can affected by competition. Is it safe then to craft my own funds. However if one is a beginner and not investment savvy, what are some of the options to make investment?

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Colin Lim

14 Apr 2020

Financial Services Consultant at Colin Lim

There many competitors now and recently smartly wind down... Competition is good as it promotes innovative ideas to be able to sustain in this competitive environment. I personally believe stashaway will ward off any competition as they have user friendly interface. Allow daily top ups without fees.. This 2 factor is already mean alot to me who investing..

https://www.finews.asia/finance/31329-singapore...

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YT

13 Apr 2020

Competition can affect profitability of roboadvisors, more so in a small country where potential assets to be managed is rather limited.

Grab could link up all their services, GrabPay, Grab (transport), GrabFood in a rewards system and made similar to Acorn (a round up app that invests spare change). If Grab could provide such seamless integration into normal people's everyday lives, then it could have an impact on the industry, especially those just looking for convenience.

Personally, not really a fan on how Grab operates from a consumer point of view (user discount, driver incentives, loyalty rewards etc.)

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