Asked by Anonymous

Low capital start up - if I have 10,000 for a start. Does it make sense to put into 2 robo Advisors or just put into 1 and continuously put money in?

Looking at putting in 4K per month 2k in each ?

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  • Zann Chua
    Zann Chua
    Level 6. Master
    Answered on 05 Apr 2019

    Hello!

    I think that putting it into 2 roboadvisors instead of 1 might be better since there is some sort of diversification and diversification is important when it comes to investing. However, if you are thinking of putting into 2 roboadvisors due to diversification, i personally think that trying other forms of investment would be better. I personally would put money into 1 roboadvisor and use the rest of my money to invest in other areas such as stocks and maybe ETFs or REITs.

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  • Hariz Arthur Maloy
    Hariz Arthur Maloy, Independent Financial Advisor at Promiseland Independent
    Top Contributor

    Top Contributor (Apr)

    Level 7. Grand Master
    Answered on 05 Apr 2019

    It might be good to diversify and test their strategies, but you honeslty wouldn't know much about their algos in the short term because they don't really have a long track record.

    This is why I've recently been looking at EndowUs, who instead of using ETFs, they use established, low-cost, institutional class, funds as their investment vehicle instead. Longer track record with sound and tested investment strategy that has outperformed global benchmarks since inception.

    If you want to link up with them, let me know. :)

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