Basic info about Robo Advisors I always wanted to know what is this investing with Robo Advisors. But never got around to know about it till this week. Finally, I spent some time to know what is it all about and here is my simplistic take on it in bullet form. I attribute this to multiple sources. Enjoy! What is it · One of the channels used to manage your investment portfolio. · Fills the middle ground between spending time to invest on your own and engaging an investment advisor to manage your funds · It is an automated portfolio management system, based on your specific situation (age, risk tolerance, timeline, present wealth, and saving ability) · It uses a combination of ETFs (Stocks and Bond) and rebalances periodically. Some Robo Advisors use Mutual Funds , High ...
Posts
Showing posts from October, 2017