She learns to enjoy the ease, independence of robo-investment

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Administrative assistant Natalie Tay found investing a lot easier to deal with once she worked out how to tackle the process on her mobile phone.

Madam Tay, 54, has been putting her money into fixed deposits and funds over the years but it all started to get away from her: "I found that I lost track of my investments over time."

Things changed when she grew familiar with using her iPhone for banking services like transfers and QR cash withdrawals at ATMs via the OCBC Pay Anyone app.

Madam Tay then learnt of the bank's robo-investment platform through her family, browsed some of its portfolios on her phone and started using it last August.

She initially invested $10,000 across three portfolios on OCBC RoboInvest: Gen Z Winners, which provides exposure to sectors like video-gaming and online retail; the Future World portfolio; and Singapore Stable Reits. She reaped returns of about 20 per cent to 30 per cent over several months.

"I'm a very small investor and I don't have access to fund managers," said Madam Tay, who has since also invested in other portfolios like Precious Metals and Mainland European Technology.

"I like that I can just select portfolios I'm interested in, top up, withdraw and monitor how my portfolio is performing at a glance."

She is not perturbed by the minimal human interaction in robo-investing, saying that it helps her to make more independent investment decisions than when consulting a financial adviser.

OCBC wealth advisory head Kelvin Goh said robo-advisers are just another option for investors: "I also see space for traditional asset classes and product providers as well."

Investors can also take precautions like reading up on a robo-adviser's track record and how their assets will be protected before using these services, he added.

 

Source: The Straits Times © Singapore Press Holdings Limited. Reproduced with permission.

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