National Service (NS)
Asked 2w ago
Hey Amos, great question! I don't think there's a best robo-advisor per se. Different robo-advisors offer different value propositions and it's subjective to personal preference. For instance, I like Syfe for their Equity100 portfolio, Stashaway for its KWEB exposure, Endowus for their low-cost globally diversified funds, AutoWealth for their passive strategy and personal wealth manager, and the list goes on.
Eventually, I went with Endowus and AutoWealth, and one of the reasons is because both robos will open a custodian account to hold the assets in my name, legally. This means that my funds are not co-mingled with other clients and in the event the robo-advisor becomes insolvent, there will be lesser complications, e.g. not having to sell the funds at an untimely period (Case study - Smartly). Although I believe that robo-advisors are here to stay, no one can be completely certain as to whether they'll still be here in 5, 10, or even 15 years down the road.
Regardless, do check out the methodologies and fees of the different robo-advisors and decide which best suits you!
Thank you for your question Amos 😊
Perhaps you might want to do some research first on the robo-advisors and what they offer. There are some great articles which list the fees, if there are minimum amounts etc... here on seedly if I’m not wrong. Also depends on what you’re looking for.
Currently I’m using stashaway, which I really like as it is hassle free, easy to understand and there’s no minimum deposit amount. But I cannot control where I want my money to be allocated and also from what I read their management fees are relatively high compared to the other robo-Advisors
After doing some research, I am currently considering investing with Syfe as I wish to invest in an etf that tracks the S&P index and their management fees seem relatively lower.
I hope this helps and good luck!!
There are many risks we need to consider with regards to AI:
Limitations to Market exposures
Similar to a tesla car, in the event of a car crash, who is responsible for the accident? the driver? the AI? the owner of the AI?
When an economic recession happen, who would be accountable for your losses?
There will be a time where AI is advanced enough to learn & identify how equity valuation is affected by the economy. Until then, if you're looking at high-yield investments, the risk of using a robo-advisor might be as good as gambling into bitcoin.
My recommendation would be Syfe or StashAway. Main reason is that it has a $0 minimum deposit. Speaking as a fellow NSF, we need to be prudent with whatever we spend on, including our investments. Over-investing is a danger with high volatility the market has shown in the past few months. Therefore it would be good to start small but consistently by regularly investing about $100 a month into either of these robos.
Hope this helps! 😀
there are many great robo-advisors out there which you can choose from. For me, I am currently using StashAway, Syfe, and DBS DigiPortfolio. You can consider starting with StashAway or Syfe you can start with as low as $1. Additionally, it is relatively easy to use their app.
Hi Amos! You check out this article by Seedly where they've done a comprehensive guide and comparison to most, if not all, of the available Robo-advisors: https://blog.seedly.sg/singapore-robo-advisor-investment-comparison/
The article touched on the background of each Robo, their fees, and the minimum investment sum, which will be important to you as a first-time Robo-advisor investor. I'd say to have a good read and consider your options across all the Robo-advisors out there as what works for your friends may not work for you, and do not follow the crowd blindly unless you have already done your due diligence!
Some Robo-advisors investment strategies differ quite a bit too so read up and see which resonates with you. Don't be afraid to reach out to them on their platform to find out more before you start investing too, good luck!