facebookWhich is the best robo-advisor for DCA? - Seedly

Which is the best robo-advisor for DCA?

I am quite young and working for a while. I would like to DCA 2K monthly and looking for avenues to grow my CPF OA account.

Which Robo advisor would you guys advise?
I am confused between kristal.AI, StashAway, Autowealth, FSMone and Syfe.
I am willing to take risks.

I have shortlisted these funds at kristal.AI
https://kristal.ai/etfs/vgt-vanguard-informatio...
https://kristal.ai/etfs/spyg-state-street-sp-50...
https://kristal.ai/etfs/voog-vanguard-us-large-...

Discussion (7)

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Tan Wei Ming

01 Jul 2020

Founder and Writer at Frugal Youth Invests

The difference between kristal.AI and other robo advisor is that you have the freedom to choose the ETFs you want to invest in. On the other hand, other robo advisor has a fixed set of ETFs to be invested which doesnt give investors an option to decide what they want to invest in. I think there's pros and cons to it. For people who do not know which ETF to buy, a fix set of ETFs to be invested in will be better, otherwise having a freedom to choose the ETFs will be better.

That being said, kristal.AI will be preferred for you since you know what ETFs to buy. The thing that I do not like about robo advisor is that they charge based on asset under management. This means that your fees will grow every year if you continue to buy regularly.

Therefore, I would like to suggest to consider Interactive Brokers as it is a typical broker that charges based on transaction. I believe that in the long run, the cost will be way cheaper.

I would have recommended FSMOne's ETF RSP but the ETFs that you have selected are not available on their list.

View 3 replies

Eliezer

01 Jul 2020

Content & Community Lead at Syfe

Hi Susmit, you seem interested in US and tech stocks based on the funds you've identified. Syfe's [n...

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