So I’m looking into robos now and these seem to be the most popular options, any recommendations on which one would be a better fit for someone like me who has $2000 to invest?
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Tan Wei Ming
19 Jul 2020
Founder and Writer at Frugal Youth Invests
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Hi Zac
Perhaps one way to determine which Robo-advisor you could use is through Crunchbase, I’ve found the two company’s and their respective funding amount.
Syfe: www.crunchbase.com/organization/syfe
Stashaway: www.crunchbase.com/organization/stashaway
Some of the things we could see is that Stashaway has more funding and a longer track record having started in 2017 as opposed to 2018, their company rank of 4777 also beat Syfe’s rank of 11960.
All the best.
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Both Syfe and Stashaway are equally good. If I were you, I would really go for Syfe as Syfe really listens to what investors want. For example, their Syfe+ for the REIT exposure or equity100 for more risky portfolio.
For a balanced portfolio, I might have two portfolio, one that has higher risk such as the equity100 and a lower risk level one which include commodity and bonds.
The point is just having $2000 alone is not enough to grow your wealth, you need to continue to put in more money. So it is important that when you invest, you have recurring income that you allocate for investment.