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Robo-Advisors

Invest in low cost diversified ETFs

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Robo-Advisors

Stocks Discussion

COVID-19

Singapore Airlines (SIA)

Online Brokerages

Travel

Should I buy SIA stock now (01 MAY 2020)?
Penny Chong
Penny Chong
Level 5. Genius
Answered 3w ago
The most successful investor in the world Warren Buffet just dumped of all of his airline stocks. He is right. The world has changed after the coronavirus outbreak and sadly, the truth is airline (and tourism) industry won't recover at least 2 years later and it will be slow imo. Who knows if another virus will appear in the next years? I would recommend not taking this risk.
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Investments

Passive Income

Robo-Advisors

ETF

Online Brokerages

Unit Trust

For someone who doesn’t have time to manage investments due to work, what are the ways to invest passively without having to monitor?
Hi Anon, I would suggest going for FSM RSP into S&P 500 ETF (IVV, VOO). The RSP amount is as low as US$50/month and the fees are very competitively lower than to robo-advisor. With a given long time horizon and dollar cost averaging monthly, you need not monitor frequently as you will still be benefit from volatile market. This would probably save your time to focus on your career. Hope this helps!
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Robo-Advisors

Promo Codes

Syfe

Investments

Anybody mind sharing their syfe referral code?
A
Aud
Level 2. Rookie
Updated 6h ago
Happy to share my code :D SRPS2E53U You get: $10 bonus if you invest above $500 $50 for investment above $10,000 $100 for investment above $20,000 Have fun!
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Supplementary Retirement Scheme (SRS)

Investments

Online Brokerages

ETF

Robo-Advisors

Stocks Discussion

If I have $80k in my SRS account and looking at a timeline of 10 years, what is your recommendation for investments?
Hi Alicq, When you are looking at a 10 year time frame, I presume you are investing with the intention to start the first withdrawal 10 years from now. In this case, there are many ways to invest your SRS monies. Some of them include - SSB - They are low returns but guaranteed and mature in 10 years. Rates now are a little low though - Unit Trust - Depends on what you buy, there are both bond, equity and balanced funds available. - SG listed Stocks/REITs - The market has thrown up some good opportunities, so you may consider getting some shares - ETFs - There are some robo advisors which allow SRS - Single Premium Annuity - Guaranteed returns with potential upside. In deciding which one is best (or even a combination of two or more of them), we actually need to take into account your overall picture as well as your personal preferences. SRS is meant for supplementing your retirement and hence it will be important to know what other assets you have for retirement, such as CPF, existing stocks, existing plans. Then, depending on what kind of assets you already have, or intend to have, you can plug any gaps with products available on SRS. The end goal will be to create multiple layers of income that are predictable , inflation hedged , and have low volatility . So it will be more prudent to see how SRS can come in to supplement your current assets as part of the big picture of retirement. I would suggest that you have a conversation with an advisor so that you can integrate SRS into your overall retirement planning.
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Robo-Advisors

Investments

Stocks Discussion

Online Brokerages

Would you recommend DCA or lumpsum?
Hi anon, In the long run, markets trend upwards, so the lump sum approach would actually give the best results. But we also need to remember that not everyone has access to a lump sum right at the start of their investment journey. Most people will end up investing out of their free cash flow every month, which is where dollar cost averaging comes in. DCA will work best when you have a long enough time frame. There is a Straits Times article behind a paywall, but I will link you to the chart here (which is based on back-tested info): https://www.straitstimes.com/sites/default/files/attachments/2018/04/15/st20180415bizltdca15a3909132.pdf What do you notice? We are looking at a timeframe of years on all the charts. Even in a U-shaped market, it takes 5 years for the market to return to where it was prior to the crisis. During the period where the market was headed south, it takes considerable nerve to enter the market, as your psychological frame of mind will likely be in a state of fear that it can go lower (if you aren't in that state of fear, then that's good for you, but it is not a common thing for most people looking to invest) But if you do DCA, you will just go in the market without looking at the timing, and just hold your investments through the market cycle. Let's examine DCA at the peak (top chart), entering at the peak over 2 years via DCA leads to a smaller loss compared to going in at the start with a lump sum (e.g. if you entered at the wrong timing). Consider this as averaging down. On the 2nd chart, assuming you entered at the start of the graph thinking that prices were at a low already, you would only recover back to your initial capital after 5 years. But with DCA, you would be in profit already. On the 3rd chart, entering at the start of the graph thinking that it was the low, then you would be right and rake in a substantial profit over time. However, DCA doesn't do too badly either, turning a profit over the same time frame. What DCA really helps with is to smoothen your porfolio volatility and help to manage your nerves and emotions to some extend, which is equally important in investing. We are humans and we will definitely end up in instances where emotions guide our investment judgement and decision. You can also adopt a hybrid method lump sum and DCA by splitting your capital into 3 portions, one to go in as a lump sum, one to go in gradually via DCA, and a war chest to add on during times of opportunity. This may help you to reduce your fear and ensure that you don't feel like you missed out. In the end, time in the market is better than timing the market. DCA or lump sum, make sure you start something rather than sit and do nothing.
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StashAway

Investments

Savings

Robo-Advisors

Promo Codes

Could someone share some advice on StashAway and your referral code, if any, please?
Damian Yeo
Damian Yeo
Level 4. Prodigy
Updated on 31 Jan 2020
Have you started investing with StashAway yet? Sign up with my link and we'll both get up to $10,000 SGD managed for free for 6 months! https://www.stashaway.sg/referrals/damiany4z
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Investments

COVID-19

ETF

STI ETF

Stocks Discussion

Robo-Advisors

Online Brokerages

Fresh Graduates

I am a fresh graduate who has never invested before, should I start investing now?
Hi Huay Chee, Since you are just starting out, I would suggest you understand your personal finances, of course investment included. I'm assuming you are employed at the same time! Before investing, you need to ensure to have an emergency fund of 6 months and basic insurance essential. This is all for the rainy day or any unforeseen circumstances. Thereafter, you will be able to allocate your resources better with your monthly salary. In my honest opinion, STI ETF is never a good investment to me as its performance has clearly lagged other major index. I would rather go for S&P 500 ETF, QQQ, IWDA and more. There are too many to invest if you ask me, but you should start off by investing in a diversified index/portfolio. It really depends what you are interested in and your objectives cause SG and US investments work differently and also you need to further take a look at platforms that are suitable to your investment style. Hope this helps! Feel free to always consult a licensed financial services consultant or me for more personalised advices. All the best!
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Investments

Stocks Discussion

Robo-Advisors

Online Brokerages

ETF

Lifestyle

When did you start investing and why?
Penny Chong
Penny Chong
Level 5. Genius
Answered 2w ago
I think the idea of investing was drilled into me by my finance prof in uni, who taught me the time value of money and cashflows. He preached me we should always invest or at least put your money in high interest savings accounts to counter the effects of inflation and I bought the idea bc it is indeed true. What I have learnt in my finance mod encouraged me to start learning beyond and putting some of my knowledge into action through actually investing myself! It has been an eventful journey so far :)
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Investments

Stocks Discussion

Bonds

General

Robo-Advisors

Online Brokerages

What are some good investments that you will choose to diversify your portfolio with?
I diversify across mutliple asset classes, holding equity, bonds, UTs and of course not forgetting CPF which I consider the safe and non-volatile component of my portfolio. I also hold cash in high interest savings accounts to minimize the impact of erosion by inflation. All of the asset classes have pros and cons of course, but I tweak their weightage accordingly to suit my own comfort level.
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MoneyOwl

Investments

Online Brokerages

Robo-Advisors

Smartly

I'm interested in MoneyOwl’s Dimensional Fund offerings. However, how safe are the funds?
N
Ninja
Level 6. Master
Answered 1d ago
Why invest in moneyowl? Did u see the fees on top of the fund fees?
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