Robo advisors are a trendy way to invest without actually having to do much work. Although rather late to the game, UOB’s new product, UOBAM Invest, is one of the few local bank-owned robo advisors in Singapore and is definitely worth looking at. By the way, there are absolutely heaps of robo advisors in Singapore including plenty of non-bank ones like Syfe, Stashaway and Endowus. If you’re considering this investment approach, we’ve got some advice on using robo advisors for you. Just deposit your money, select your desired investment portfolio and the robo advisor will take care of the rest.   What is UOBAM Invest? UOB Asset Management (UOBAM) has jumped into the fray with UOBAM Invest, which is a mobile app designed for retail investors (ie. normal people like you and m

According to page 281 of GHYCM’s prospectus dated 11 December 2020, GHYCM entered into a service agreement with Mr Yeo Guat Kwang on 1 September 2017 for the provision of advisory services to the group for the period from 1 September 2017 to 31 December 2018. This was subsequently renewed for another one-year term from 1 January 2019 to 31 December 2019. He received a monthly fee of S$10... Source

Dear all S P500 has clocked its sixth consecutive month of gains in July 2021. This is the longest stretch since 2018. Furthermore, S P500 has touched a record high to close at 4,437 on 6 Aug 2021. In the next 3 months, are markets poised for higher highs? Or should we be prudent and take some profit off the table first? Let’s take a look.   Ernest’s personal market observations a) Lack of catalysts to push the market higher Since Covid last year, markets, especially U.S. markets, have been able to push higher due partly to the combination of ultra-easy monetary policies; expansionary fiscal policies; improvement in the Covid 19 situation leading to the re-opening of economies; improving company results; low valuations (especially around Mar 2020 time) etc. However, after a blisterin