What do you think of robo-advisors? Would you put your money in them? - Seedly
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Robo-Advisors

Anonymous

Asked on 11 Sep 2018

What do you think of robo-advisors? Would you put your money in them?

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MT2020
MT2020
Level 7. Grand Master
Answered on 25 Feb 2020

Robo advisor is a hands-free approach as everything will be done for you. you just have to do a transfer your money to the company and they will invest it for you. From changing to different currencies to buying the ETFs, everything is being done for you. However you will have to take note of the charges that the different robo-advisor impose. It can really make a difference in the long term.

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Jason Sin
Jason Sin
Level 8. Wizard
Answered on 15 Sep 2018

I am still observing. Because most of the market, especially US market is at all times high. I would definitely recommend this after a severe correction.

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HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 9. God of Wisdom
Answered on 15 Sep 2018

Robo-advisor is Good for beginners or those who do not have time to micro manage your investments. They ask a series of questions to assess your goals and risk appetite and setuo risk-profile suitable for your goals. It is also good for diversification.

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Gabriel
Gabriel
Level 8. Wizard
Answered on 12 Sep 2018

Great way to diversify my portfolio and invest outside of the Singapore market. Robo advisors also offers lower cost as compared to traditional methods. Currently using StashAway, looking at long term

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Lok Yang Teng
Lok Yang Teng
Top Contributor

Top Contributor (Apr)

Level 9. God of Wisdom
Answered on 11 Sep 2018

Robo-advisor is great if you do not have time to micro manage your investments. There are options to cater to your risk-profile and you can choose the different asset types. Personally, I prefer to manage my own investments rather than leave it to someone else (maybe till proven robo-advisors has good track record).

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