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

Asked by Anonymous

Asked on 11 Sep 2018

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

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Good Day Every Day
Good Day Every Day
Level 6. Master
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 8. Wizard
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 Lee
Gabriel Lee
Level 6. Master
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
Level 6. Master
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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