facebookHas anyone had experience investing on MoneyOwl? I’m new to investing and not sure where to start? Any thoughts? - Seedly

Anonymous

11 Aug 2020

Robo-Advisors

Has anyone had experience investing on MoneyOwl? I’m new to investing and not sure where to start? Any thoughts?

Have read about other roboadvisors and also come across MoneyOwl. Not sure what’s the best platform.

Discussion (11)

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Gabriel

07 Aug 2020

Undergraduate at National University of Singapore

Hey Anon, there are so many robo-advisors out there that we're spoilt for choice haha. Personally, I've tried quite a few robos, namely StashAway, Syfe, MoneyOwl, Endowus, Autowealth and UOBAM.
I'm currently using Endowus and Autowealth mainly because the assets are held in a legally segregated custody account under my own name. Recently, I also registered with UOBAM as they have a promotion ongoing where they'll deposit $20 into your account. On a side note, I actually quite like the fact that both Endowus and Autowealth doesn't have a mobile app otherwise I will tend to keep checking my portfolio every day or even multiple times a day and panic when the market goes down.

I believe that Seedly has quite a few comparison articles on the different robos out there so do take a look!

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Despite not using MoneyOwl personally, my friend uses MoneyOwl... the interest are pretty slow and low.

I’ve been using StashAway, the interest are not bad and the app is SOOO easy to use for a beginner like me!

For example, my friend invested $1.7k inside MoneyOwl since Aug 2019, I only invested $1k inside StashAway at the start of July this year.

As of now, my interest is +3.6% which means I gain $36! While my friend who invested MORE & LONGER in MoneyOwl... only gain $22 as of now.

Hey! With regards to robo-advisors, I really reccomend Stashaway, as you can easily get into things ...

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