Anonymous
Is Robo Advisory best for me? I am a foreigner in SG on EP (aged 36) and would like to invest 20K for 1 year.
This could be extended to 3 years depending on my EP renew condition. Apart from this 20K, I have sufficient emergency fund, pls advise what is my best option. I am a total newbie to investments so should I opt for Robo Advisiory like Stashway, Autowealth etc. Thank you in advance!!
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Siow Nan
05 Jul 2019
E at NUS
A roboadvisor may be useful for Dollar cost averaging over a long term period.
Maybe for a start put your savings in a high interest rate savings account first while you explore various options. Your 1-3 years investment horizon is pretty short and you need to weigh that against your risk appetite
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I think a Robo Advisor / Digital Wealth Manager is still a good choice for you.
I agree with the o...
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Just do SP500 etf. Robo sometime anyhow one. Waste time
SP500 etf is a proven strategy that has a history since 1930 that give annual average compounded return is 9%