Anyone used robo advisors? What have your returns been like?

Not sure about their returns but you can check it with them or do some simple search though. You need to know how much returns you are looking at before you dexide what to invest. For myself, i choose to select individual stocks and invest in them like business owner. I feel better to manage my own money and portfolio.

HI Anonymous,

Even without roboadvisors, you can diversify portfolio, since many of them invest in funds or ETFs that are basically securities that are listed in different stock exchanges,

What these platform do is to give you access to investments at a lower transaction cost, since they often charge a flat % fee on a per annum basis.

Some considerations that you have is the size of your portfolio, the time you want to spend in investing.

When your portfolio is of a significant size, it may be cheaper to invest through a low cost brokerage like Interactive Brokers (I do this for a huge part of my cash portfolio).

The good thing about Endowus (and potentially other platforms) is that you can set a recurring investment for cash, CPF and SRS so that you can spend absolutely no time buying the funds. I have friends that try to buy ETFs on their own but they end up trying to buy it at a lower price and in the end they rarely get to investing as prices keep going up. In the end it is up to you and your own temperament.

i wouldnt be too fixated about looking at current returns - some of these companies have only started for 2-3 years. But do note that for platforms like Endowus and Moneyowl, the funds' historical returns are more indicative of our future performance since we are basically distributing mutual funds without trying to trade on them.