We would like to thank everyone who came down to support us at InvestFair 2015 over the weekend!
It was DrWealth’s first event and we received great support for our prelaunch of the Automated Investing. There was great interest in what we were doing and it’s great to know that some people have already been doing ETF investing by themselves. We hope we will be the first to bring Wealthfront, Sigfig type of services to Singapore. Such services are already available in US, Europe, Australia and even Hong Kong. There’s no reason why Singaporeans should not have the kind of sophisticated tools. Why should they have all the fun right?
The talk was full house and there have been a few questions asked.
[Free Ebook] How should you invest your first $20,000?
We asked 14 Singapore finance bloggers to share what they would do if they could go back in time and invest their first $20,000. They can no longer rewind time, but you can learn from their experience and hopefully start with a better footing.
1. How do we know that this is safe?
We are currently working out the details both with our partner brokerage as well as MAS to make sure everything is done properly. At no point does your money go through DrWealth, all the money will be held at a custodian with a brokerage under your personal name.
2. What kind of fees do you charge?
We are working on an all in annual fee of about 0.9%, which includes the trades and rebalancing. However, this number subject to changes depending on our discussions.
3. Which portfolios are suitable for me?
You can look at the risks required for the kind of returns you are looking at and find a balance which you are comfortable with. The higher returns, the higher risks.
4. Which ETFs will be available?
We are working on a few Singapore ETFs, like the Nikko AM STI ETF, SPDR STI ETF as well as US listed ones such as Vanguard S&P 500. You will be able to choose the ETFs you want to use for your portfolio.
5. I am excited! When will this be launched?
We are hoping that it will take a few months while we work out the details with both our partner as well as the authorities. Just sign up below to stay informed! If you are already a DrWealth user, then you do not need to fill out the form below.
Also, if you sign up and refer a friend, you stand to win an all new Apple Watch!
Refer-a-Friend to DrWealth Automated Investing and Win an Apple Watch!