Anonymous
BG Info: I have 8k in SSB, a few thousand in DBS RSP, and 24k cash. Recently started putting a monthly sum in StashAway.
Could I afford to put 10k of my cash into Autowealth (or other robo for that matter)? 14k+ can be left as an emergency fund, and I don't foresee needing the 10k till the next 5 years. I'm in my mid-20s and I can afford some risks. Newbie here, please advise!
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Kenneth Lou
17 Nov 2019
Co-founder at Seedly
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Hey friend! You look pretty well diversified already locally and overseas, with a good split of bonds/equity. In fact you have a pretty similar breakdown to mine, with the exception that I have also a good amount of stock in local REITs.
I will answer your question in a few pointers:
The last point is food for thought! I always believe that while robo-advisors are good, you should also cater 20-30% of your own wealth fund to something more tactical, with more risk/return payoff... for me I'm also doing the same, but with two eyes open!
For Diversifying among robo-advisors (eg Stashaway and Autowealth), I dont really know the reasons for that... because underlying funds are almost similar (as in what they invest in on your behalf, only the costs differences are marginally different)
Lastly, you can find the referral code for Autowealth by the users here: https://seedly.sg/questions/what-is-your-autowe...
Hope this still works!