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My Personal Robo-Advisors
By The Common Singaporean Millennial  •  May 29, 2020
In my previous post, I wrote about the existence of Robo-Advisors in Singapore. I have actually tried a couple of them to evaluate their performances, and the plan is to eventually decide to stick to just one. Anyway, I currently use 3 different Robo-Advisors: Stashaway, Syfe and MoneyOwl (though MoneyOwl doesn’t really brand itself a Robo-advisor.) Below, I will do a quick review of each of them! First off, why should you even use Robo-Advisors? Well, for me I have the following reasons:
  1. It allows for Dollar-Cost Averaging with minimal fees
  2. It allows me to buy fractional shares and ETFs that I would otherwise be unable to purchase if I DIY due to its high capital requirement (especially for the US market)
  3. Most Robo-advisors have an automatic-rebalancing algorithm, which means that I don’t have to constantly monitor it. Losses should also be non-existent if kept for the long run (or at least that’s what was claime
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By The Common Singaporean Millennial
A 26 year-old Singaporean Millennial. Just graduated from NUS and hoping to write and share about my personal ups and downs of adulting in Singapore. Using my own personal experiences, I hope that the content in this blog will help every Millennial find their footing when embarking into adulthood.
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