Would like to ask which robo-advisor platform is better? As this is my first time investing and currently I just start working. Planning to do monthly $100 investment but I have no clue which platform? - Seedly
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Javier Ashley Kwok

Asked on 28 Apr 2020

Would like to ask which robo-advisor platform is better? As this is my first time investing and currently I just start working. Planning to do monthly $100 investment but I have no clue which platform?

To use? As I keep researching a lot of mixed reviews on different platform can anyone guide or advise me which is better?

Thank you in advance. 😊

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K
KxR
Level 3. Wonderkid
Answered on 05 May 2020

Honestly, I feel like the best thing people can do is just to invest into Vanguard index funds and save up on fees from all the robo advisers. They are just dollar cost-averaging different financial instruments, not a lot of magic for the buck. So far as you are better off just putting $100 into index / ETFs reflecting the market.

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Lurkingham

07 May 2020

When you mentioned in your last paragraph “if you can invest larger amounts”, may I know what’s the range you are looking at?
Matthew Tan
Matthew Tan

08 May 2020

I would say a 'large amount' will be such that the transaction fees make up ~1%. Hence rather than dca monthly, some dca quarterly so as to incur less transaction fees
Angeline Teo
Angeline Teo, Calculator at The Internet
Level 6. Master
Answered on 01 May 2020

I like Stashaway, its reputable and has simple easy onboarding for newbies.

every roboadvisor has its own advantages and disadvantages. There isn't any right or wrong answer.

Find one you like and stick to it.

Starhub, Singtel or M1 - as long as you are getting your phone calls and data, it works!

1 comment

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Amanda Ong
Amanda Ong

05 May 2020

Thank you, Angeline, for your trust!
Colin Lim
Colin Lim, Financial Services Consultant at Colin Lim
Level 7. Grand Master
Answered on 28 Apr 2020

You can go to the link and check it out... reviews from the community.

https://seedly.sg/reviews/robo-advisors

You prefer growth or dividend investments?

if growth: i am using Stashaway as it is user friendly. it will assess your risk profile before recommending a portfolio to u. You can set your own goals... Stashaway primarily focus on ETFs, if you are 36% risk index, your portfolio will focus 72% on US equity sectors.

If you are more to dividends, Syfe 100% reits or mixed reits with bonds.

Syfe i haven use because i already investing in individual stocks and REITs... so you can go to the review link and read more.

#planwithcolin

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Amanda Ong
Amanda Ong

05 May 2020

Thank you, Colin, for your trust!
JW
jiajing wang
Level 5. Genius
Answered on 28 Apr 2020

All robo advisor has different algorithm so It would be difficult to tell you which is better.Even if you had invested the same amount into each robo advisor, the outcome would not be the same mainly also dug to the different risk profile and products vested in. Personally, I use StashAway and although the fee is not the lowest, I feel it works fine for me especially since they have this easy to view mobile app.

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Eliezer
Eliezer, Content & Community Lead at Syfe
Level 6. Master
Answered on 08 May 2020

Hi Javier, each platform has its own strengths but perhaps I can share more about what's truly distinctive about Syfe. Syfe employs a proprietary investment methodology called ARI (Automated Risk-managed Investing) that monitors your portfolio 24/7 to keep portfolio risk in line with your desired risk level.

During periods of high market volatility (like the current market for instance), ARI will adjust your portfolio allocation, reducing your exposure to higher-risk assets and increasing the percentage of lower-risk assets in your portfolio to cushion against huge losses and help you stay invested for the long haul. You can see our performance the past month here: https://www.syfe.com/magazine/the-coronavirus-economy-positioning-portfolios-for-an-unpredictable-world/

In terms of what Syfe invests in, we currently have two offerings. Our REIT+ portfolio is a SGD-denominated portfolio that tracks the SGX's iEdge S-REIT 20 index. You can choose the 100% REITs option or the REITs with Risk Management option (this comes with our ARI algorithm). You can find more details here.

Our Global Portfolio comprises ETFs diversified across geographies, sectors and asset classes.

Do also check out our Syfe community reviews here! Hope this helps :)

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FM
Francesca M. Soh
Level 4. Prodigy
Updated on 08 May 2020

Personally I use Stashaway because objectively

  • no minimum funds

  • user friendly

  • you can adjust your risk accordingly

Also, in my opinion, its a good introduction on how robo-investing works, getting a sneakPeak into the US economy and so on.

However javier i think its really difficult and almost impossible to say which is the “better” robo-advisor platform as most of the algorithms in place arent transparent and always changing.

Ultimately Choose one that suits you! Dont give yourself too many options to choose from of course 🤪

All the best!

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Ray Phua
Ray Phua, Wealth Manager at AutoWealth
Level 3. Wonderkid
Answered on 07 May 2020

Hi Javier, its good that you intend to start investing at the early stage of your career. Agree with you that there are several platforms and each has its own strength. Its difficult to say which platform is better, rather you can prioritise your need and see which platform suit your need better.

Here are a few pointers you can consider to help you shortlist:

1) Investment Strategy. We take a passive market-returns portfolio investment approach. We place strong emphasis on portfolio allocation and diversification without market speculation. All AutoWealth portfolios are diversified across more than 8,000 stocks and 600 government bonds. These assets span across 4 major geographical regions (US, Europe, APAC & Emerging Markets) as well as across all major industries. As such, AutoWealth portfolios are more defensive against market turmoil than a portfolio that is concentrated only in a few asset classes.

2) Security of your investment. Each of our client has their own custodian account. AutoWealth clients’ monies and portfolio assets are held in a personal and segregated custody account at HSBC through Saxo Capital Markets. This means that monies and portfolio assets legally belong to the client and are fully segregated from AutoWealth or Saxo Capital Market’s own monies and assets.

3) Human Touch. Each of our client has a Wealth Manager assigned, whereby they can seek advice / assistance easily. This might be useful for you since this is your first time investing.

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Yh.lens
Yh.lens
Level 6. Master
Answered on 07 May 2020

That depends on your goal. Is your goal to protect capital? Or isit to grow your sum and what is your time horizon. Some robo may have good UI which may entice beginners to usr their app. Just a word of caution, do not use past performance to weigh how good a roboadvisor is. They use backtest for their past results and overall they are relatively new. Ensure that you can fully rely on them for your hard earned money before investing. For me, I do my own investments via Broker and allocated some to Robo (I use Kristal.ai) I prefer to have full control over my investments rather than let someone else manage it, hence it really depends on your own personality and what you want out of it. Cheers!

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Yh.lens
Yh.lens

09 May 2020

@Matthew Tan if you are thinking of signing up, here's the referral link :) https://stocks.cafe/user/tosignup?referral_code=yhlin
Matthew Tan
Matthew Tan

09 May 2020

On the note of the etfs, may I know whats the reason for investing in them? Since there's a 30% WHT as compared to CSPX? And thanks I'll check it out!
SW
Shaun WQ Lim
Level 7. Grand Master
Answered on 07 May 2020

Given that you have just started working, I believe you should be focused on building the foundations of your career. It takes some time to adapt and change to working life.

Also you mentioned that you do not have much experience in investing. Again it will take time for you to grasp the concepts and understand yourself and your investing strategy.

Do you want to juggle both adulting and investing at the same time?

Yes you could.

Should you?


The MOST important things to note are that

  1. You should have your emergency fund built up and your insurance cover in place first

  2. Any money that you need for major life events within 5 years should be separate from your investments. Please don’t think low risk means no risk. It’s the same concept as low crime doesn’t mean no crime!


Here I am assuming you are young and have a few good decades ahead of you. So you could take a long term view.

My advice would be to find one with the lowest entry barrier and fees with the least amount of management required, that you are comfortable investing with regularly.

Lowest entry barrier - easy to start and maintain, getting into the market and staying in it

Lowest fees - more cost effective over long term

Least amount of management - set the risk profile/plan, commit and go, invest regularly

Focus on building your career first. Come back and review the investment after a year or two and see if it still fits your investing strategy. Point is to start now and let time take effect.

Maybe you would have a different viewpoint by then.

You can still change your investment platform.

You can always do a U turn in life.

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CJ
Cynthia Jasmin
Level 6. Master
Answered on 05 May 2020

Hi there,

these days there are plenty of robo advisors to cater your financial goals. However, if you'd like to start small with very minimum start up fees you can check Kristal.AI.

Not only Kristal.AI is user friendly, there is no fees for your first $50,000 investment which makes Kristal.AI a great choice for an investment platform, there are no hidden fees or catches! On top of that, Kristal.AI allows you to build a personalised portfolio.

you can use the free algorithm feature to get investment advice on asset allocation, and to have a portfolio which fits your profile and suits your goals.

Here's the link to Krista.AI's review https://seedly.sg/reviews/robo-advisors/kristal-ai

Hope this helps,

Cynthia​​​

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There is no better platform. Instead, there is possibly a platform that fits into your needs and expectation.

Here is a comparison from Seedly: https://seedly.sg/reviews/robo-advisors

With this in mind, you should spend considerable time to understand your needs and create an account on a platform that you are most comfortable putting your money into.

I share quality content on estate planning and financial planning here.

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