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Results: [Investor Type 7]

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 are fine with regular support

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Results

We think that M1 Finance, Marketriders or Interactive Advisors are the robos that you should consider.

While Marketriders and Interactive Advisors are for the more advanced, M1 Finance is probably the best overall fit for different experience levels.

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

For DIYers
Our Pick
Sophisticated Investors
MarketRiders
M1 Finance
Interactive Advisors
Management Fee
$14.95 per month or $149.95 a year
0.00%
The fees vary between 0.08% to 1.50% depending on the level of advice you choose.
Account Minimum
$1,000
$100
$1,000
Portfolio
DIY or 20 ETFs selected according to your goals
The user can create portfolios which consist of low-cost ETFs or individual stocks
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
MarketRiders is an established and trusted company. It is great for DIY investing however if you are just starting out you will probably better off with a different robo advisor.
M1 Finance is the best choice for self-directed investors that want to pick from existing portfolios or customize their own.
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.
For DIYers
MarketRiders
Management Fee
$14.95 per month or $149.95 a year
Account Minimum
$1,000
Portfolio
DIY or 20 ETFs selected according to your goals
Rebalancing
Tax Loss Harvesting
Fractional Shares
Automatic Deposits
Socially Responsible Investing
Summary
MarketRiders is an established and trusted company. It is great for DIY investing however if you are just starting out you will probably better off with a different robo advisor.
Our Pick
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.
Sophisticated Investors
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.

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

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