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Questions tagged [robo-advisor]

The tag has no usage guidance.

3
votes
4answers
272 views

Are Robo-advisors a Good Idea?

I like the idea of a Robovisor like the Schwab Intelligent Portfolio, Wealthfront, etc. But recently, my own experiences have been...a little worrisome. Despite the market being fairly bullish, and my ...
-5
votes
5answers
159 views

What are some 401K alternatives?

If your employer offers a 401K, but you do not like their investment options and fees, what are your alternatives? I know there are Traditional and Roth IRAs. But if your income is too high to ...
3
votes
2answers
259 views

Low income level investing - most promising option to start out? [duplicate]

I grew up really poor, my parents were terrible with money and I want to make sure now that I have a family of my own that I don't follow the same path and leave nothing but a life of hard work and ...
1
vote
2answers
1k views

How to profit from compound interest when investing in single stocks? [duplicate]

I started investing in the stock market last year. I've read tons of information and tried different products. My knowledge about compound interest is, when you invest in one stock, get 5% return, ...
31
votes
4answers
9k views

What are the benefits and disadvantages of investing $60-70K in the following methods?

I have $60-70K that I'm planning on investing in stocks/ETFs/funds. What are some of the advantages and disadvantages of investing this amount of money with a human financial advisor vs an automated "...
2
votes
1answer
124 views

Any financial advantage of a human portfolio manager over a robo-advisor?

It has been shown time and again that markets are unpredictable and that a buy-and-hold strategy is advantageous ("A random walk down wallstreet" / Malkiel, and many others). Moreover, newer and newer ...
2
votes
4answers
208 views

Why is tax loss harvesting helpful for passive investing?

I am considering opening an account with a robo-advisor (e.g. Wealthfront), and in my research I have seen that robo-advisors often advertise tax loss harvesting as a feature of their accounts. ...
4
votes
1answer
203 views

Are the investments of account holders of wealthsimple insured by CIPF?

Wealthsimple informed in their FAQ that the investments of account holders are insured by CIPF. As per CIPF, only the account holders of member firms are insured. Wealthsimple is not listed as a ...
5
votes
1answer
154 views

Spreading money between robo trading services

Several robo trading services allow investing without a fee up to a certain amount. Why would someone not take advantage of this and spread their investments over several such services to minimize ...
1
vote
2answers
224 views

Is a robo-adviser worth the risk?

I've seen a lot of talk lately about robo-advisers that manage stock portfolios for minimal expenses. The expenses are usually paid by ETF's. I am not very well versed in all this stock and ...
2
votes
1answer
359 views

Withdrawing money from services like Betterment

I'm not clear what the withdrawal process looks like for services like Betterment. Let's say I need some money in 2 years. Do I sell a portion of portfolio for the amount that I need? Can I cherry ...
6
votes
3answers
19k views

What are the tradeoffs with the small scale managed fund Wealthsimple?

I recently encountered a targeted ad about Wealthsimple. From what I have read it is an investing tool for mobile devices that helps you passively invest. I understand that it is for people who are ...
10
votes
5answers
795 views

What fraction of a portfolio should P2P lending comprise?

Based on what I understand, traditionally we are supposed to put 70% money in stocks and 30% money in bonds (based on individual age, I am 33 right now). I have been experimenting on P2P lending and ...
17
votes
5answers
3k views

Why might a robo-advisor service like Betterment be preferable to just buying a single well-performing index fund like SPY?

Edit: I think it would be beneficial for any answers to include whether the answerer uses a diversified portfolio or not in their own finances, and whether they have any affiliation with Betterment or ...