Instantly diversify between stocks and bonds (and gold for some).
Don't need to choose your ETF, just your risk level.
Cheaper to use roboadvisors if you're looking to invest in multiple ETFs.
If you're new to investing and you're not sure how to select an ETF, roboadvisors would be a good place to start. I recommend Stashaway (if you have less than 3k) or Autowealth (if you have more than 3k) because the options are simple, straightforward and less intimidating. Syfe has a global portfolio you can also consider.
Hope this helps!
4 more comments
23 Jun 2020
^ you don't really learn from picking an ETF either. Robos mostly re-balance their choice of ETFs. You learn from stock picking mostly and that leads to a lot of burnt fingers. So actually I think the idea of learning from putting your money is a strawman because you should learn from virtual/paper investing rather than losing money.
23 Jun 2020
I think that is debatable. There is such a thing as bad ETFs. If and when you want to pick your own ETFs for a permanent portfolio, you will need to learn how to pick the right ETFs to spread your risk. I'm not really sure what is the strawman argument you're referring to, but I think there is some value in putting actual money (that you can afford to lose) into relatively less risky assets such as ETFs precisely so that you can learn from the emotional tugs you'll experience when the value of your investment fluctuates. Based on past financial crises, it is clear that our own fear and greed are our biggest enemies, and we need to learn how to manage these emotions, something that virtual money may fail to teach. This is also assuming that one has already done his/her fundamental analysis in the securities he/she is investing in.
I'm a beginner as well and I chose investing with a robo-advisor!
Using a robo-advisor is very easy and fuss-free! You can deposit any amount you want, anytime. Furthermore, it is a form of passive investing where you just leave your funds there and let it do it's magic. It's also pretty diversified.
However, you cannot choose the specific companies you want to invest in as they are chosen by the robo-advisor.
Overall, it's still a pretty good platform to start your investment journey!
19 Jun 2020
Some co. Allow u to some customisation if u wish to pick your own etfs/reits etc.... not stashawy though- ref to some sharings here : https://www.facebook.com/1554909571415562/posts/2572372023002640/?d=n https://seedly.sg/reviews/robo-advisors/syfe?rid=12013&utm_source=review_share&utm_medium=internal
+1 robo advisor.
Can start with minimal $1, can set up auto invest every month, can choose to auto...
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