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Robo-Advisors can make investing simple but its awfully hard to know which is the best one. We signed up for and tested 10 of them to answer that question.
Endowus makes investing easy and cheap and is the best Robo-Advisor for most people in Singapore.
Robo-Advisors in Singapore had a mixed 2H2022. Their Flagship portfolios underperformed while some Thematic portfolios did well.
MoneyOwl is offering up to S$500 in FairPrice vouchers to the first 400 customers who complete a one-time top up of their SRS accounts before 31 Dec 2022.
Robo-Advisors in Singapore had a mixed 1H2022. Their Flagship portfolios outperformed while Thematic portfolios bombed.
We prefer Endowus over MoneyOwl for CPF portfolios as they offer more diversified equity exposure, more choices and a better user experience. We think it's worth the slightly higher fee.
Investing in SRS makes sense if you have funds for long term investments. The tax savings are worth giving up some flexibility for. Invest SRS funds in low cost, globally diversified portfolios with Endowus.
If you can invest for more than 10 years & don't need the money for a mortgage down payment or education before that, you should invest your CPF-OA (but not SA) in Unit Trusts via Endowus.
Interactive Brokers allows you to create a DIY Robo-Advisor, saving hundreds of dollars a year, but has some risks and requires discipline in investing.
Kristal.AI is the lowest cost Robo for most portfolios but it does not have a CPF option and is somewhat complex to use.
A managed portfolio service by DBS that is missing some key features but was easy to use overall.
