Invest
Should You Invest With A Robo-Advisor? (13 Questions Answered)
By Financially Independent Pharmacist  •  August 31, 2020
Robo-advisors are taking the investing world by storm. With sleek apps, low fees and fancy algorithms, they seem to be the perfect way to invest. However, should you put all of your money into a robo-advisor? After using 4 different robo-advisors, I have learnt a thing or two about how they work. Here are my answers to 13 questions you may have about robo-advisors.
Table of Contents
  1. What is a Robo-Advisor?
  2. How does a Robo-Advisor work?
    1. Account creation
    2. Answering a questionnaire
    3. Algorithm decides the best portfolio for you
    4. Rebalancing
  3. How many Robo-Advisors are there in Singapore?
    1. FinTech Companies
    2. Banks
    3. Brokers
  4. What do Robo-Advisors invest in?
    1. Funds
    2. Individual stocks
    3. How about cryptocurrencies?
  5. What funds can I use to invest in a Robo-Advisor?
    1. Cash
    2. SRS
    3. CPF
  6. What is the minimum amount I need to invest in a Robo-Advisor?
    1. Can I invest a monthly sum into a Robo-Advisor?
  7. How can I sell my assets that I have with a Robo-Advisor?
...
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By Financially Independent Pharmacist
I’m a current Pharmacy undergraduate in NUS who is passionate about personal finance. I strongly advocate everyone to become more financially literate. Personal finance is such an important skill, yet it is not being taught in schools.
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