Robo-Advisors

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Robo-Advisors
  • Asked by Anonymous

    Boon Tee Eng
    Boon Tee Eng
    1 Answers, 3 Upvotes
    Answered 5d ago
    The STI comprises the largest 30 companies listed on Singapore exchange, whereas a globally diversified ETF has broad exposure to a wide range of global companies around the world. For example, IWDA ETF has exposures in 23 developed countries, including Singapore with the weight of 0.5%. The biggest difference is the diversification. STI gives you exposures to Singapore listed companies, so if you only own STI the performance will be strongly linked to Singapore’s economy and stock market performance. A globally diversified ETF will give you a more balanced exposures across countries. To access global ETF you can either use 1) Local brokerage that provide access to foreign exchanges; 2) international brokerage account e.g. Interactive Brokers, TD Ameritrade, Saxo Bank; 3) Robo-advisors such as StashAway. Different accounts have different charges. Size of investments depends on the account, as some account has minimum fixed monthly fee so it doesn’t make sense to invest small amount of money. This is a broader topic on asset allocation which will involves your personal risk appetite and personal finance.
  • Asked by Anonymous

    佩珊
    佩珊
    3 Answers, 3 Upvotes
    Answered 6d ago
    Can foreigners apply
  • Asked by Anonymous

    Guo Hao Teo
    Guo Hao Teo
    20 Answers, 39 Upvotes
    Answered 6d ago
    Short answer is yes. These are risk questionares that any investing professional and company will ask retail investors. From there, I think they will adjust your risk profile accordingly!
  • Asked by Anonymous

    HC Tang
    HC Tang, Financial Enthusiast, Budgeting at The Society
    376 Answers, 901 Upvotes
    Answered 1w ago
    In short, roboadvisor is basically the renew unit trust using different algorithms to managed the funds thus provides lower fees than unit trust or a human fund manager. However, they all remains the same requires investor to invest long term at least 8 years and above to see good positive results, a short months / years may or may not works well depends on the market situations. Thus out of the 3, or even more, suggestion maybe you could see what make sense of their investment algorith / regime use. Most importantly is the fees that they charge as it's a recurring regular cost that if is relatively high, would eat into your returns. I invested in Stashaway and basically I attend their events, readup review on their algorith / investment theory, check out the fees that fits my budget and read up existing investor review. Check out Seedly comparison: https://blog.seedly.sg/singapore-robo-advisor-investment-comparison/ (Do check their individual website for the fees in case of any updates!) Check out seedly members review for those who were already investors of the robo advisor: https://seedly.sg/reviews/robo-advisors Hope all the above helps you to reach a good conclusions. Cheers!
  • Asked by Anonymous

    HC Tang
    HC Tang, Financial Enthusiast, Budgeting at The Society
    376 Answers, 901 Upvotes
    Answered 3w ago
    Yes. Just need to manage your risk and beginner will be fine too. 1) P2P - High risk but higher return in shorter terms. I invest in Funding Society 2 years ago , no loan default and returns good My review : https://seedly.sg/reviews/p2p-lending/funding-societies?rid=12#reviews&utmsource=reviewshare&utmmedium=internal Please like if you think it's good. P/S: Just need to choose the right platform carefully. Read the review at the above links and also read this summary by Seedly: https://blog.seedly.sg/p2p-comparison/ 2) Robo advisor : Long term (10 years to see good results ) investment. Basically a modernize unit trust with much lower fee manage by AI / algorithm. It invest in a basket of Bonds, gold, index funds, S&P 500 index funds , REITs, ETF and fix cash etc. Due to the risk spread out and I'm with StashAway for the last 2 years, no win no lose as it's still early to know. Do watch out for the recurring management fees. My review at : https://seedly.sg/reviews/robo-advisors/stashaway?rid=479#reviews&utmsource=reviewshare&utmmedium=internal Please like if you find it good. Thank you. Read up all other robotadvisor summary by Seedly at :https://blog.seedly.sg/singapore-robo-advisor-investment-comparison/ There are newer one launch by DBS or UOB , read review and observe carefully before making any investment. All the best and start investing 😀👍
  • Asked by Anonymous

    Zann Chua
    Zann Chua
    Top Contributor

    Top Contributor (Feb)

    118 Answers, 176 Upvotes
    Answered on 18 Feb 2019
    Firstly, you can look at the fees charged by both. Traditional investment advisors typically charge anywhere from 1% to 3% of the value of your portfolio, while robo advisors charge less than 1%. You are essentially paying more for more personalised services. Next, if you are someone that likes personal contact with your investment, financial advisors would be a better choice. If you are contended with not having personal contact, Robo Advisors would be a better choice. If you are willing to let someone else do your investment, then a robo advisor would work . When you invest in a robo investing platform, the site will handle all of your investment activities for you.
  • Asked by Anonymous

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

    Top Contributor (Feb)

    378 Answers, 632 Upvotes
    Answered 3w ago
    Financial analysts don't sell funds or help retail investors invest. They study markets, business performance, opportunities, and more. If you're talking about financial advisors, the Discretionary Portfolio Management Solutions we have today such as Robo Advisors actually make our job easier. I'm an IFA that distribute both Robo solutions and have my own portfolios that I manage. We usually don't provide advice on very short term trading. We may hold tactical fund positions that usually are held for a few months to a year that are triggered on global events and opportunities spotted in the world. But at the end of the day financial advisors still are needed to make sure people understand what they're investing in, help them enter the market with confidence, and convince them to stay in the market even when it's bad.
  • Asked by Anonymous

    Tai Zhi
    Tai Zhi, Chief Investment Officer at Autowealth
    44 Answers, 56 Upvotes
    Answered 3w ago
    To address your concerns about asset security/safeguards, robo-advisors are required by law to hold clients' assets and monies through a third-party MAS-licensed custodian/trustee. In the unforeseen event the robo-advisor ceases operations, clients assets and monies are still safely held at the third-party custodian/trustee. AutoWealth offers an even higher level of safeguard by opening personal segregated custody accounts for each individual investor in his/her legal name so that the legal ownership is 100% clear and the investor can claim his/her assets from the custodian directly. This is fundamentally different from the "ONE omnibus custody/trustee account holding ALL clients assets" arrangement for other robo-advisors which may expose the investor to a lengthy court process to claim back the assets. You may check out this link for other frequently asked questions: https://www.autowealth.sg/faq.php
  • Asked by Anonymous

    Tai Zhi
    Tai Zhi, Chief Investment Officer at Autowealth
    44 Answers, 56 Upvotes
    Answered 3w ago
    I'll leave the decision to you but allow me to highlight a few differences between the two robo-advisors: (1) Investment Strategy An overwhelming 80% to 90% of professional investment managers who stock-pick and time markets consistently underperform the general markets in the short, medium and long-term. Read https://www.autowealth.sg/strategy.php and click on the hyperlink to see the Standard & Poors Dow Jones research which concludes this. AutoWealth takes a passive market-returns investment approach. That is fundamentally different from Stashaway, which adopts a Economic-Regime Based Model. We also note that Stashaway does not publish their investment performance on the website unlike AutoWealth. (2) Safeguards Other robo-advisors including Stashaway adopts the "ONE omnibus custody/trustee account holding ALL clients assets" arrangement which may expose the investor to a lengthy court process to claim back the assets if the robo-advisor ceases operations for some unforeseen reasons. AutoWealth, on the other hand, adopts an even higher level of safeguard by opening personal segregated custody accounts for each individual investor in his/her legal name so that the legal ownership is 100% clear. The investor can claim his/her assets from the custodian directly without the need to go through lengthy court process. This is particularly important as there have been a negative precedent in Singapore where a MAS-licensed financial institution called MF Global went bankrupt and investors got back only a portion of their investments and only after a lengthy court process. Read: https://en.wikipedia.org/wiki/MF_Global (3) Human element AutoWealth assigns human wealth manager to every single client, no matter how huge or small the investment amount is. This means clients have a dedicated wealth manager to go to when they need any financial advice or need a professional to consult. Our clients often commend that "when they need advice, our wealth managers are just one whatsapp away". Other robo-advisors like Stashaway are pure digital platform with little or no human touch.
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