Robo advisors have risen in popularity lately, especially during 2020 when the pandemic hit and Malaysians were forced indoors. According to Investopedia, they provide “automated, algorithm-driven financial planning services with minimal human supervision”.
Basically, instead of a human advisor, you get an algorithm determining how your money will be invested. For many Malaysians, especially first-time investors, it provided an easy entry into investing and access to foreign markets.
This series explores some of the popular robo advisors in Malaysia and how to evaluate whether they’re a good platform for you to use.
Popular robo advisors in Malaysia
Kenanga Digital Investing (KDI) calls itself a “fully automated artificial intelligence-driven robo advisor designed to simplify how you save and invest.” A look into their funds, investing philosophy and pricing.
A super-honest review of the ETF selection, allocation, functionality and performance of Stashaway. I also explore the KWEB fracas that made its investors furious.
Wahed Invest offers easy access to halal investing, which gives it an edge above the other robo advisors in the Malaysian market. However, watch out for the fees!
Evaluating robo advisors
The million-dollar question. Do robo advisors have a place in your investment strategy? The popularity of robo-advisors surged in 2020, but like any investing platform — trendy or not — it has its pros and cons.
I’m moving away from robo advisors. Here’s why
I started using robo advisors in 2020, but by the start of 2022, I decided that I was going to stop using them to invest. This article explains why.
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Elizabeth Tai 