Asked by Anonymous
Asked 6d ago
What are the perks of using Stashaway? Is it a good place to start my investing journey? If not then what other apps would you suggest?
Yes robo investors are definitely good ways you can start on your investment journey. This is because these robo investors has a relative low fee charge of 0.6% on avg, whilst investing to global markets. Hence this will let you understand how investing in Exchange Trade Funds works and the fundamentals of it. Best part is that most of them do not have a min sum required, and no regular monthly input, which can reduce your finance commitment by a ton!
With that being said, do start reading and learning on how to invest. Websites like Seedly.sg, dollarandsense.sg , moneysmart are good sites to turn to and kick off your investment journey!!
Yes, it definitely a good app to kick start your journey. Start really small and experience the volitility of the market. Get use to see paper loss, don't get too happy when you see profit.
Meanwhile do read up more on investing, consider opening a brokerage account if you are confident enough.