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Robo-Advisors

Invest in low cost diversified ETFs

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Robo-Advisors

DBS

JW
jiajing wang
Level 3. Wonderkid
Answered 3d ago
I invested $1k in the Asia and at a risk of fast and furious. Hopefully will be able to how well it performs and if it will be a good start... All In all, this is Investing so it will take some time to see if the rates are worth

Stashaway

Investments

Robo-Advisors

Promo Codes

If you use my referral link below, you can get up to $10,000 managed for free for 6 months. At least for first 6 months you can try out with a smaller amount without management fees!!!!!!!!! www.stashaway.sg/referrals/siownanw3zpr

Robo-Advisors

ETF

Arpita Mukherjee
Arpita Mukherjee
Level 2. Rookie
Updated 2d ago
Robo-advisor runs on ETF based strategies. So it boils down to active (ETFs) vs passive (ROBO) investing, in some sense. To understand it better you can visit our website too. I work at Kristal.AI, and my mojo is to help people make the right financial decisions. If you think I helped you, do give me "Thumbs up". If you think my response was biased, let me know, I will work on it.

Stashaway

ETF

Robo-Advisors

Investments

Yeah pretty much. You are passing money to the financial advisor and letting them make the decisions of where to invest in your money according to your risk profile. You can choose to withdraw money from the platform anytime but not choose which specific underlying holding to sell or buy, that's their decision to make. So it would be best you try not to look at your account too often. And trust the investment methodology the financial advisor has which got you to trust them with your money in the first place.

Investments

Robo-Advisors

In short, you are losing money because you invested in SGD and if you were to liquidate today, you would suffer a loss due to FX fluctuations. However, on the bright side, your robo-advisor did make positive gains since it is denominated in USD. For investments involving foreign currency, it's would be prudent to take into consideration FX fluctuations, on top of the underlying investments if your aim is to receive your investment returns back in SGD. However, there are also specific funds that provide FX hedges against such currency movements but it may or may not work in your favour depending on the skill of the fund manager! Such investments should be kept for the long term, would be good to check in once in a while instead of every month!

Robo-Advisors

Investments

ETF

Syfe

Stashaway

Hi, I believe this question was previously answered here: https://seedly.sg/questions/may-someone-kindly-explain-the-difference-between-syfe-and-stashaway-in-layman-terms?aid=19536 Do take a look!

MoneyOwl

Endowus

Investments

Robo-Advisors

Dear Anonymous and John Thank you for the question. Just to clarify on what Samuel from Endowus have shared regarding the use of 2 equity funds that MoneyOwl uses versus the 1 fund that Endowus uses. The 2 funds MoneyOwl uses (the Global Core Equity Fund and the EM Large Cap Core Equity Fund) has a combined total expense ratio (TER) of 0.37-0.38%, as compared to the 0.43% of the World Equity Fund used by Endowus. Also, the 2 funds that MoneyOwl uses track the MSCI World and the MSCI EM respectively, and are a cost effective way of getting diversified equity exposure. Our 88%12% Global/EM split reflects the MSCI All Country World Index, which is typically used to represent World Equity exposure. This is not to say that the DFA World Equity Fund used by Endowus is of lesser quality than the one that MoneyOwl uses. We believe that all 3 funds can give investors a good investment experience at a cost that is efficient. We just wanted to clarify that it is not true that the World Equity Fund used by Endowus relative to the 2 funds MoneyOwl uses is the most cost effective way in implementation from Dimensional. At the end of the day, it is how each company wants to execute the asset allocation for their clients in the best way where they think it will give them the best investment outcome after taking cost into consideration. In this regard, both Endowus and MoneyOwl use funds that are considerably lower than what is offered elsewhere. With regard to Fixed Income, MoneyOwl’s philosophy is that the fixed income portion of the portfolio is used for diversification across asset classes and for its negative correlation to equities, effectively acting as a buffer to the equity component in a portfolio during times of volatility. As such, we focus on high investment grade (A and above) bonds that are stable and are fully hedged to SGD so that the returns are not eroded by unfavourable currency movements. The fund has a TER of 0.29% and does not have emerging market bond exposure, but instead has a well-diversified portfolio of about 180 issues (bonds) across 16 countries that make up a large part of the global bond market. It is designed to be part of a total return portfolio to capture and improve expected returns from both yields and capital gains based on information readily observable in bond prices today, without having to forecast what may happen to yield curves around the world in the future. Our goal is for fixed income to provide a high level of portfolio stability during times of market stress to allow our clients to remain invested in their portfolios to capture long term equity returns. In addition, I would like to clarify that iFAST does not own Providend contrary to what was mentioned by Samuel from Endowus. While it is true that iFAST is a corporate shareholder of Providend, Providend is majority owned by individual shareholders and most of them are employee shareholders of which I am the biggest individual shareholder of Providend. And although iFAST is a corporate shareholder of Providend we are not obliged to use them. Our corporate governance would not allow that. In fact, we had relationship with Navigator and also currently have a relationship with another platform, FAME by Philip Securities. We are also free to use other platforms such as Havenport, Saxo and the like. Some of these platforms have approached us and we have also approached some of them before. But having spend the last 2 decades working with various platforms, and having managed end consumers' money through various crises especially the GFC in 2008, we have come to realise that besides cost, factors such as quality of platform, especially in terms of client service, accuracy in reporting and experience serving large number of advisory clients are very important, especially when markets become difficult. While we try to keep cost efficient. We are mindful that we need to balance it with having a safe, secure and experienced platform/custodian as that is the place where we "store" our clients' hard earned money. As MoneyOwl's asset under management becomes bigger, we will always try to bring this custodian and platform cost down for our clients. In my personal opinion, both MoneyOwl and Endowus are good companies that investors can trust. Both companies serve clients with different needs and preferences. Both companies try to be as cost efficient as possible for our clients and to do the right thing. Ultimately, investors should decide who to use to build wealth based on which company can better serve their needs. I would be happy if Singaporeans use either Endowus or MoneyOwl to build their wealth. I think their money is in good hands.

Investments

ETF

Robo-Advisors

MoneyOwl

SAXO Capital Markets

Stocks Discussion

DFA Funds via MoneyOwl is not a pure small cap value approach. It's a global portfolio benchmarking against MSCI World with tilts towards small cap and value. So, I'd probably skip on IWDA and just go with DFA because going for both is just overlap and you go against the DFA tilts. If you want large cap growth exposure, sure you can add NASDAQ 100 as a possible option. I suggest you speak to the MoneyOwl advisors for perspective.

Investments

Robo-Advisors

Bank Account

Stocks Discussion

Supplementary Retirement Scheme (SRS)

Hi there Wilson, If you are using SRS to fund your robo-advisor account, should you liquidate, your funds will be returned to SRS. You will still have no access to it till 62 (discounting the 5% penalty, etc). Funding by cash is hence more 'liquid' as your liquidated proceeds go back to your bank account. I would ask if there is a need to contribute SRS for yourself. If there is, then, by all means, open an SRS account online, and fund it, and then use the SRS monies to invest. If not, you might be better off keeping it in cash. If you'd like a bit more insight on SRS and whether it might suit you, I am actually conducting a seminar on this topic next week. On your strategy to do a $10K lump sum and DCA $500/mth, if that is all you have, then I would definitely suggest holding back a portion (how much is up to you) in order to act as a warchest when opportunities come knocking. However, if you have the capacity to rebuild your funds and your warchest even if you do a $10K lump sum and $500/mth RSP, then, by all means, go ahead and invest in that manner. One last thing, do consider your investment profile, risk appetite, time horizon, and with that, look at all the asset classes available so that you would be able to construct a well-balanced and risk-managed portfolio for yourself. You might want to speak with an independent advisor who can offer you multiple asset classes to understand the options for yourself before deciding.

Investments

Robo-Advisors

Stashaway

Regular Shares Savings Plans (RSS)

Yes, investing regularly will be profitable in the long run, nothing to do with whatever robo-advisors or manual investing, so congrats on whatever you choose. You will be profitable in the long run because 1. dollar cost averaging in the long run 2. funds give u diversification and exposure to a wide range of stocks 3. ETF gives u investments at a low cost Robo advisors help in removing emotions to stress on the dollar cost averaging. =) There are many other ways why robo-advisors help, meh. I think the dollar costs averaging will be the most useful part. :D
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