How exactly do I use StashAway? Do I just put my money every month and wait for it to grow or do I need to adjust anything?

Hi there, just thought I'd jump in to help you with your question.

My name is Amanda and I work at StashAway. We keep it as flexible as possible for our clients- there is no minmum deposits, you can deposit anytime you wish, you can set a standing instruction with your bank to make monthly deposits or choose to stop your deposits anytime you'd like.

We do however, recommend clients to keep investing through regular contributions in order to reap the rewards of dollar-cost averaging. You can read more about it here: https://www.stashaway.sg/r/dollar-cost-averaging.

By investing a fixed dollar amount on a regular schedule, regardless of market conditions, you will purchase more shares when prices are low and fewer shares when prices are high. This ensures that you will invest at a reasonable price and exchange rate, and avoid investing at market tops, helping you to manage the risk of your investments. Therefore, reducing the probability of making a large investment at an unfavorable price/exchange rate, especially considering the volatile markets in recent months.

With that said, investing steadily and consistently into a diversified portfolio, while maintaining a long-term perspective, will definitely have a bigger influence on your long term returns.

I hope this helps!

If you have any further questions, please feel free to drop us an email at [email protected], our team will be happy to help! :)

You do not have to adjust anything. The algorithm will do it for you.

I'd just like to correct you on one thing: depending on the time horizon of your investment using stashaway, you might not be able to 'grow' your money. There is no certainty that your money will grow if you do not invest long-term.