facebookHi, am currently an uni student with 1-2k of spare savings to invest. Are robo advisors such as Syfe a good investment opportunity ? Looking for low risks investments. Any suggestions? - Seedly
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ggoh15

Level 2

20 Jun 2021

Hi, am currently an uni student with 1-2k of spare savings to invest. Are robo advisors such as Syfe a good investment opportunity ? Looking for low risks investments. Any suggestions?

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    What are your thoughts?

    Robo-Advisors are not bad ... and perhaps you needa put ur money inside and not withdraw for at least 1year to see the positive returns!

    If you can’t put the money inside and not withdraw for ~1 year, I would highly recommend Singlife — 2.5% p.a for the first 10K!!! 😀

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      Your risk factor should be decided by
      (1) investment horizon

      • if you need the money within 2-3 years, you cannot go risky

      (2) risk appetite
      -if you easily affected by 10% draw down, you cannot go to risky.

      I have been using StashAway and huge fans of their risk index/investment framework. I do suggest you to start there and go through their online courses. There are many learning opportunities for their clients(podcast, online courses, app courses, weekly commentary in YouTube)

      My opinion is that it is always good to start young and keep learning!

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        Shawn Lee

        Shawn Lee

        24 Aug 2020

        Level 4·Accountancy at Ngee Ann Polytechnic

        To be honest, investing 1-2k spare savings would not be a good idea in my opinion. Firstly, the annu...

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