Invest
My review of Moneyowl and Endowus
By The Simplified Resource For Investing and Personal Finance  •  July 4, 2021
[This post is not sponsored and i have accounts with them. The values stated are as per date of post] The arrival of roboadvisors is a god-send and thanks to them, Singaporeans will be able to build their wealth quicker due to the lower fees. They have laid bare the ridiculous fee structure that have plaqued the wealth management industry. Imagine if your traditional finanical advisor sold you the fund above and you invested $100,000. You would have already paid fees of $5,000 at point of purchase due to the initial sales charge of 5%. Additionally, you will be paying $1700 every year due to the management fee, part of this fee going back to the traditional financial advisor as trailer fees and part of it being fund-level fees being paid to the asset managers. This is ridiculous and indeed passive income for the advisor. Instead, if you had invested this $100,000...
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By The Simplified Resource For Investing and Personal Finance
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