Source: Taken at Raffles Place MRT
IntroductionI saw a question on the Seedly Facebook Group recently that really got me thinking:
“Hi everyone, I would like to find out which mode of investment stands a higher chance to make money? Robo advisor or conventional methods like financial advisor? I’m looking at 10% annually.”
Now this statement is wrong on so many levels. Firstly, the historical, multi-decade return for equities is about 7%. 10% is simply unachievable without taking outsized risks that opens you up to complete loss of your initial capital. Secondly, a person who can achieve a 10% return consistently should no longer be running a robo or be working
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