Anonymous
Misunderstood what a Robo-Advisor was and made some investments that I'm not sure I should've, what would you guys do in my situation?
Everyone knows about the COVID-19 now, smart-ass me decided to open a DBS digiportfolio account and put in my money to the ASIA portfolio, just a week ago.
I knew I did something stupid the moment I did it LOL.
But I thought it should be smart enough to wait for the right time to buy.
But it basically bought some stuff when my money came in, no buy or sell thereafter.
I know it's supposed to be long term but I guess I misunderstood a roboadvisor for an active trader...
LOL, what do you think?
7
Discussion (7)
Learn how to style your text
Alex Chua
25 Feb 2020
Seedly student Ambassador 2020/21 at Seedly
Reply
Save
Jason Sing
25 Feb 2020
School Of Hard Knocks And Life at School Of Hard Knocks And Life
Since you have invested, you should wait for the market to recover from the COVID - 19 virus. Investing is for the long term, not short term.
Reply
Save
Andy Sim
25 Feb 2020
HR Professional at a Financial Institution
Robos are mostly passive instruments for the end user, so since you've put your money in, good to le...
Read 4 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Products
StashAway
4.7
1293 Reviews
StashAway Simple Guaranteed 3.55% p.a. (Guaranteed rate)
Cash Management
INSTRUMENTS
None
ANNUAL MANAGEMENT FEE
None
MINIMUM INVESTMENT
3.5%
EXPECTED ANNUAL RETURN
Mobile App
PLATFORMS
Smartly
4.5
59 Reviews
DBS digiPortfolio
3.3
35 Reviews
Related Posts
It seems that you are planning to be a passive investor rather than an active trader. Then robo advisory is a good choice.
Robo advisory is a passive investment. In investment, there is no best time to buy. Under the situation of a recession and a long term investment, I will DCA my dbs my dbs digi portfolio.
From the question, it seems that you just started to know the concept of investment.
So, what should you do?
1. Understand the various financial tools such as robo advisors (read them from Seedly)
2. Understand your assets, liability, equities and cash flow
3. Your risk profile and your investment goal so u can project your returns
After learning the above, what do u to your DBS digi portfolio?
If dbs digi portfolio meets your investment goals, continue putting in for a long term
If dbs digi portfolio does not meet your investment goal, let it grow until you have better way to use the money / situation is better