It’s not a big amount but what should I do with $800? Keep in my bank or invest in a robo-advisor? If robo-advisor, which would you recommend and what portfolio? - Seedly
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Anonymous

Asked on 12 Dec 2020

It’s not a big amount but what should I do with $800? Keep in my bank or invest in a robo-advisor? If robo-advisor, which would you recommend and what portfolio?

With $800, which robo-advisor and robo-advisor portfolio would you recommend?

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    Daniel Kok

    Daniel Kok

    Level 7. Grand Master

    Answered on 13 Dec 2020

    If you're young, risk Taker, can consider equity100 from SYFE.

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    If it's spare cash, feel free to park in robos. If you can stay invested for long-term, feel free to adjust to a higher-risk portfolio.

    If you need the money soon (number of months of a few years), consider stuff like Singlife.

    If you need the money next week, then just leave it in the bank.

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    Have you set aside some emergency funds in case you need to use? If no then keep this as the emergency funds, if yes then consider syfe equity 100

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    Is this $800 spare cash which you wont need for short term needs?

    if yes put in syfe equity100

    if u are just parking it somewhere and wants to take it out in a few months, put in singlife or syfe cash+

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    I will recommend keeping in High-interest savings account such as SingLife if you are not a risk-taker and that you will need to use 800 in a short-med term.

    Otherwise, you can put this into Syfe Equity100

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