23 Jan 2021
With the economy is going up, is it still worth to invest in robo-advisor? If so, which robo still worth to invest now?
Currently invest in Endowus and StashAway. Considering Syfe and MoneyOwl now. Or other robos to recommend? Please share your reasons. Or need to wait like mar 2020 to invest? Consider invest as a lump sum of cash.
Hi there, it is still quite attractive IMO. Syfe's cash management account, for example, is one of the highest at 1.75% p.a. Do check out my comparison here for more details.
Otherwise, it might also make sense to consider going with Syfe Equity100 if you are after higher returns and willing to take on higher risk. Since the market is still likely to be on a upward trend, now might be a good time.
View 1 replies
Hey Anon, absolutely, you need to understand how robo-advisors & the market operates.
When something go up, something has to come down - its due to shifting of moneies from one asset class to another, that is why we see an inverse relationship between gold and equities (pretty sure there's a deeper explanation to this) and with this exact theory, robo advisors are in a way managed-portfolios in which it would rebalance your portfolio according to market performance (it is somewhat like a DCA but with whatever cash you deposit into the account).
View 1 replies
The best time to invest is yesterday. And since you cannot invest yesterday, the next best time to i...
Read 8 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
ETFs, Equities, Bonds
0.2% to 0.8% p.a.
ANNUAL MANAGEMENT FEE
EXPECTED ANNUAL RETURN
Web and Mobile App
[PROMO] Get 6-month management fee waiver. Valid till 31 Dec 2021. T&Cs apply. Learn more below.