Yesterday, I was sharing with someone a few Lazy Investing Techniques. And one of them includes Robo Investing.
I mentioned there is no guarantee that this way of investing can generate awesome returns. However, in the long run, it should generate decent returns.
STRATEGY
- $10 is automatically giro-ed into my Smartly portfolio on the 8th June every month.
- Another $10 is added every time there is a significant drop in the market.
INSIDE MY SMARTLY PORTFOLIO
There is no changes in the holdings and allocation for this month. 83% is in stocks, 16% is in bonds, 1% is in cash.
This is a portfolio itself, consisting of stocks, bonds and cash. There is no additional transaction or rebalancing fee. There is only a 1% annual management fee.
The return is about 2.6% since May 2019.
FINAL THOUGHTS
The overall market has been rising and rising. Hence, there is no chance for me to “activiate” Step 2 of my Robo Investing Strategy.
I am fine with doing dollar cost averaging of $10 every month. Let’s see what happens in the coming month.
Please take note: Robo Investing is not suitable for people who wants to earn quick money.
Disclaimer: www.engboonhow.com is an opinion based website. I am not a financial advisor, and the opinions on this site should not be considered as financial advice. This is not a sponsored post. You can contact me for a referral code to invest via Smartly if you like to.