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Results: [Investor Type 2]

Attention!

For those interested in long-term investments, I now wholeheartedly recommend Bitcoin as the primary option to consider.

However, it’s essential to educate yourself about this digital asset before diving in, as it can take time to fully grasp its intricacies and potential.

A fantastic starting point is the book “The Bitcoin Standard” (Amazon), which provides an in-depth look at the history, principles, and technology behind Bitcoin.

Once you’re ready to invest, most major exchanges offer similar fees and services, so choose one that best suits your needs. Personally, I use Crypto.com.

It’s crucial to transfer your Bitcoin to a secure wallet once you’ve made your purchase, as leaving it on an exchange can pose risks.

To truly make the most of your investment in Bitcoin, take the time to study and understand its workings. Your financial journey will benefit from a well-informed approach.

I wish you the best in your endeavors.

Sincerely

Michael J. Peterson

 

 

 

 

 

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You are here because

  • You want to invest an amount lower than $5000.
  • You just want to set up your investment goals and let the robo do the work for you.
  • You would like to have access to human support

Not true? Click here to repeat the quiz

Results

We think that SoFi Invest, Betterment or Ellevest are the robos that you should consider.

Betterment is our pick for the answers you have provided. If you are in it for low costs, SoFi Invest is our favorite choice.

Please review all the details thoroughly and be aware of all the pros and cons when it comes to making your final decision.

Low Cost
Our Pick
logo of betterment
For Women
Ellevest-best-for-women
SoFi Invest
Betterment
Ellevest (Digital Plan)
Management Fee
0.00%
0.25%
0.25%
Account Minimum
$1
$0
$0
Portfolio
10 different strategies with different risk levels. ETFs and stocks.
ETFs from about 12 asset classes. The user can choose between a recommendation or decide the percentage of portfolio in each investment.
Depending on the portfolio you choose, the mix will include 20 to 27 ETFs. Customization possible
Rebalancing
Tax Loss Harvesting
Fractional Shares
Automatic Deposits
Socially Responsible Investing
Summary
Investors who are looking for an automatic investment service at a minimum of expenses and have access to human financial advisors whenever necessary. SoFi also stands out as one of the few robos that use smart beta strategy.
Betterment uses a goal-based investment approach. The portfolio consists mainly of low fee ETFs. The service is great, it is easy to use and very beginner friendly. It is also the largest independent robo-advisor. The premium allows for in-depth investment advice and unlimited access to certified financial planners.
Ellevest specifically has the needs and challenges of female investors in mind. If you want a goal based investing platform with the option to contact certified financial advisors and career coaches, Ellevest is it.
Low Cost
SoFi Invest
Management Fee
0.00%
Account Minimum
$1
Portfolio
10 different strategies with different risk levels. ETFs and stocks.
Rebalancing
Tax Loss Harvesting
Fractional Shares
Automatic Deposits
Socially Responsible Investing
Summary
Investors who are looking for an automatic investment service at a minimum of expenses and have access to human financial advisors whenever necessary. SoFi also stands out as one of the few robos that use smart beta strategy.
Our Pick
logo of betterment
Betterment
Management Fee
0.25%
Account Minimum
$0
Portfolio
ETFs from about 12 asset classes. The user can choose between a recommendation or decide the percentage of portfolio in each investment.
Rebalancing
Tax Loss Harvesting
Fractional Shares
Automatic Deposits
Socially Responsible Investing
Summary
Betterment uses a goal-based investment approach. The portfolio consists mainly of low fee ETFs. The service is great, it is easy to use and very beginner friendly. It is also the largest independent robo-advisor. The premium allows for in-depth investment advice and unlimited access to certified financial planners.
For Women
Ellevest-best-for-women
Ellevest (Digital Plan)
Management Fee
0.25%
Account Minimum
$0
Portfolio
Depending on the portfolio you choose, the mix will include 20 to 27 ETFs. Customization possible
Rebalancing
Tax Loss Harvesting
Fractional Shares
Automatic Deposits
Socially Responsible Investing
Summary
Ellevest specifically has the needs and challenges of female investors in mind. If you want a goal based investing platform with the option to contact certified financial advisors and career coaches, Ellevest is it.

If you are still unsure about which robo to go for, the following articles may be of interest:

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