Robo-Advisors – The Good, The Bad, And The Ugly
During a global recession, the first robo-advisor was created in 2008. And they have only been gaining in popularity ever since then.
Robo-advisors are online platforms that do 99% of the work for you when it comes to investing. Most will ask you to complete a series of questions before opening an account.
Then, the robo-advisor will automatically select investment vehicles for you based on your answers.
There is plenty of good to find with robo-advisors. But overall, we’ve seen most of the benefits of robo-advisors revolve around one thing:
Robo-advisors make your life easier in a lot of ways. Just like credit cards simplified the buying of goods and exchanging cash, robo-advisors have simplified investing.
It’s straightforward to get started with a robo-advisor. Most operate the same – to open an account with them, you first need to answer a set of questions.
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