The Robo InvestorLet me ilustrate this by giving you a simple example:
| 10,000$ | Human Advisor | Robo Advisor |
|---|---|---|
| Annual return | 5% | 5% |
| Annual fees | 1.25% | 0.5% |
| Value in 20 years | 20,696$ | £24,014$ |
Even if you chose a robo-advisor with a relatively high fee of 0.5% it will still be significantly less than using the services of a human advisor.…
The main component of most robo advisor generated porfolios are ETFs or mutual funds. An ETF is a collection of securities that are traded on an exchange, just like a stock.
By investing in these low-risk funds, robo advisors are able to actually meet the returns of the market.…
Typically you will need to answer a series of questions upon signing up.
In the next step your answers are being evaluated by the robo advisor.
The data will then be used to create a portfolio and automatically invest your assets.…
A robo-advisor is a service that provides automated financial planning. There is usually very little human supervision which means that the fees are usually a lot lower than the fees a traditional (human) advisor would charge.…
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Michael is a senior writer at The Robo Investor. He earned his master’s at the Craig Newmark School of Journalism at CUNY, and is currently taking CFP courses at the University of Scranton.
yes very good
Michael is a senior writer at The Robo Investor. He earned his master’s at the Craig Newmark School of Journalism at CUNY, and is currently taking CFP courses at the University of Scranton.
Yes it has an average consumer rating of 4 out 5
Michael is a senior writer at The Robo Investor. He earned his master’s at the Craig Newmark School of Journalism at CUNY, and is currently taking CFP courses at the University of Scranton.