Is a 1 year time horizon too short to invest in a robo advisor? - Seedly
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Asked 3d ago

Is a 1 year time horizon too short to invest in a robo advisor?

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Jovan Lai
Jovan Lai
Level 4. Prodigy
Answered 2d ago

Yes, I agree with the rest, generally its more beneficial if you are able to invest for a longer time horizon. However, there are options for short term investments but that won’t be with stocks.

For example, a few months back Great Eastern was offering a short term endowment plan for 2 years. Of course, we have to manage expectation with how much returns we can get.

Ultimately, with investing try to go with a view of accumulating wealth slowly, rather than getting rich quick (:

Many good investment books; intelligent investor is a good start.

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Frankie Rappaport
Frankie Rappaport
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Top Contributor (Aug)

Level 9. God of Wisdom
Answered 3d ago

Yes, but it has nothing to do with the robo, but with the stock market, at least for stocks the investment horizon should be more than 15-20 years ideally.

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As what others have mentioned, 1 year is far too short, be it with robo-advisors or any other platforms, but let me illustrate how unwise it is to be to have such a short time horizon.

Using the Rule of 72, we know that for any given % in returns 72/x would give us the years that it takes for the investment to double. If we were to aim for 10% returns, we would still require 7.2 years to double the investment.

I'm not sure if any robo advisor is able to generate 72% returns for you within a year.

Time is your best friend when it comes to investing.

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Wilson Nid A Break
Wilson Nid A Break
Level 9. God of Wisdom
Answered 2d ago

Give it at least 3-5 years, one year is barely enuf time for stocks to recover fully from a downturn

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Daniel Kok
Daniel Kok
Level 5. Genius
Answered 3d ago

1 year is definitely too short. If you are looking for somerhing decent, I think minimum of 3-5 years?

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Kaung Mon Thu
Kaung Mon Thu

2d ago

Yes 1 year is honestly way too short even if you're only thinking of short term investing. Like what the rest have suggested give it at least 3 years or so! It'll be more worthwhile
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