facebookWill you use a platform like Acorns (round up your spare change for investments) if it’s available in Singapore? - Seedly

Max Tiong

27 Apr 2020

SeedlyAMA

Will you use a platform like Acorns (round up your spare change for investments) if it’s available in Singapore?

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Would give it a go especially if I don't have viable alternatives for savings from daily expenses.

Sabrina Wong

Edited 26 Oct 2021

Communications at University at Buffalo

Hi Max, reviving this thread as you have brought up a very relevant question. There's actually a Wealthcare® app, Hugo Save, in Singapore that allows you to roundup your spends and save into Gold. How cool is that?

With Hugo Roundups, your card transactions are rounded up to the nearest dollar and the excess is saved. Every week, your Roundups savings are automatically invested into real physical gold and stored in your Gold Vault. It means you are saving and investing small sums every single day.
While Revolut's Vaults roundup the spend and stashes away the difference, Hugo takes it one step further by investing your spare change into real physical gold and stored in your Hugo Gold Vault. You are investing silently even as you relish your favorite bubble tea!
Hugo also allows you to save consistently for your short-medium and long term financial goals with Hugo Money Pots.
Lastly, with the Hugo Gold Vault, you can invest in gold for as low as $0.01 and for as long as you want to. The gold in your Hugo Gold Vault is real, physical gold allocated to you, stored in London Bullion Market Association (LBMA) accredited vaults and insured by Lloyds of London.

If you are keen to explore the app, you can read more about it here: https://www.hugosave.com/

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