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Results: [Investor Type 8]

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 between $5,000 and $50,000.
  • You want a DIY Investing approach. Have a say in your investments
  • You want a (dedicated) human advisor.

Not true? Click here to repeat the quiz

Results

We think that Interactive Advisors may be the closest to what you are looking for. The problem with the combination you chose is, that it is hard to find proper professional investing advice when only investing a small amount of money.

As you also selected “DIY”, M1 Finance could be a great option for you. However it only comes with regular support.

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

Advanced investors
Our Pick
Best Alternative
TD Ameritrade Selective Portfolios
Interactive Advisors
M1 Finance
Management Fee
The management fee varies from 0.55% to 0.90% depending on the portfolio.
The fees vary between 0.08% to 1.50% depending on the level of advice you choose.
0.00%
Account Minimum
$25,000
$1,000
$100
Portfolio
Morningstar-built, small portfolios of around 8 ETFs.
A lot of different options. Anything from automated, diversified or actively managed. This depends on how much you are willing to spend.
The user can create portfolios which consist of low-cost ETFs or individual stocks
Rebalancing
Tax Loss Harvesting
Fractional Shares
Automatic Deposits
Socially Responsible Investing
Summary
This selective plan is geared towards the sophisticated investors, the portfolios have more variety and are actively managed. You can speak to financial professionals on the phone or even in person.
Best for sophisticated investors who don´t mind the high fees and are looking to invest in a wide variety of passive and actively managed portfolios.
M1 Finance is the best choice for self-directed investors that want to pick from existing portfolios or customize their own.
Advanced investors
TD Ameritrade Selective Portfolios
Management Fee
The management fee varies from 0.55% to 0.90% depending on the portfolio.
Account Minimum
$25,000
Portfolio
Morningstar-built, small portfolios of around 8 ETFs.
Rebalancing
Tax Loss Harvesting
Fractional Shares
Automatic Deposits
Socially Responsible Investing
Summary
This selective plan is geared towards the sophisticated investors, the portfolios have more variety and are actively managed. You can speak to financial professionals on the phone or even in person.
-
Our Pick
Interactive Advisors
Management Fee
The fees vary between 0.08% to 1.50% depending on the level of advice you choose.
Account Minimum
$1,000
Portfolio
A lot of different options. Anything from automated, diversified or actively managed. This depends on how much you are willing to spend.
Rebalancing
Tax Loss Harvesting
Fractional Shares
Automatic Deposits
Socially Responsible Investing
Summary
Best for sophisticated investors who don´t mind the high fees and are looking to invest in a wide variety of passive and actively managed portfolios.
Best Alternative
M1 Finance
Management Fee
0.00%
Account Minimum
$100
Portfolio
The user can create portfolios which consist of low-cost ETFs or individual stocks
Rebalancing
Tax Loss Harvesting
Fractional Shares
Automatic Deposits
Socially Responsible Investing
Summary
M1 Finance is the best choice for self-directed investors that want to pick from existing portfolios or customize their own.

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

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