Robo Investing is a simple, fuss-free and lazy way of investing. Investing into the stock market is one of the more common way of building wealth for the long term.
I have added StashAway into my Robo portfolio. StashAway allows 100% allocation into stocks whereas Smartly has a stock plus bond combination.
STRATEGY
- $10 is automatically giro-ed into Smartly portfolio on the 8th every month.
- $10 is automatically giro-ed into my StashAway portfolio on the 25th every month.
- Another $10 is added every time there is a significant drop in the market.
*Almost anyone can start investing… even from $1.
SMARTLY (SINCE MAY 2019)
STASHAWAY (SINCE NOVEMBER 2019)
FINAL THOUGHTS
I have set aside a sum of money invested into Singapore Saving Bonds and as a Singaporean, I have a bulk of my networth in the CPF. Therefore, StashAway will be my preferred robo choice (for now) as it allows a much higher allocation to stocks.
Please take note: I started Robo Investing in May 2019 and this 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 or StashAway if you like to.