I am using Smartly and StashAway in my Robo portfolio. StashAway allows 99% allocation into stocks plus 1% in cash whereas Smartly has a stock plus bond plus cash combination.
This post is meant to inspire people to start investing, even with $10.
Smartly still isn’t accepting new money at the moment.
STRATEGY
- $10 is automatically giro-ed intoSmartly 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.
SMARTLY (SINCE MAY 2019)
STASHAWAY (SINCE NOVEMBER 2019)
FINAL THOUGHTS
Dollar Cost Averaging via Robo Investing is a get rich slow scheme. Investing $10 per month will not make anyone rich either. It is important to manage expectation when one chooses to invest.
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.