No shame in exiting failed investments in search of better rewards elsewhere

THE winding up of commercial robo-advisory firm MoneyOwl came as a surprise to many market watchers. Perhaps it shouldn’t have.

A review of the “bionic” financial adviser found the business to be not commercially viable, given its high operating costs and low revenue generation.

With profitability expected to be elusive, MoneyOwl’s shareholder NTUC Enterprise Co-operative decisively opted to redeploy resources to other areas where it can deliver “greater social impact”.