Asked on 11 Feb 2020
What are the pros and cons of each platform, contextualised to a beginner? Are there other platforms/ forms of investments that I should be looking at?
You could do it all by yourself :
Choose which is more suitable for you. Somethings to consider:
start with the end goal and see which platform can potentially give you the required returns. maybe it will turn out that you dont even need to invest in equities.
fees structrue and starting capital:
some robos can start from $1 and %-wise, fees will get lower as your AUM increases.
DBS is fixed % of your AUM, but you get certainty of how much fees you are paying.
DBS digi have two choices Asia or Global focus. robos mostly only global.
Look for a MAS licensed.
DBS most likely will stay for a long time. At most they may divest the investment arm to another asset manager. robos are not quite established yet.
having said all these, i have investments from the banks and some robos. let me know if you have specific questions to those platforms.
hope it helps.
added: other investments which you consider:
high yield savings accounts
singapore goverment bonds
i am saying this not to boast. nor i aspire to be a millioaire or a billionaire. I wrongly trusted financial "advisors", and bought into investment courses, all without success. then i decided to manage my own portfolio, went into all these investment schemes to test them out for myself. only investments which I am unable to access to is those reserved for AI and premium clients, which I am not.
i wish you success and not to fall into the same traps as I did. let me know if i could be of any other help.
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