What are Robo Advisors and are they good for you?
#DontBeBrokeBeWoke
English - April 27, 2021 12:00 - 25 minutes - 17.9 MB - ★★★★★ - 20 ratingsInvesting Business investing saving retirement compound interest real estate reitss stock market passive income side hustles Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In today's world of investing, there are no short of brokerage options. One popular option which I think is still unknown with new investors are robo advisers. In fact robo - advisors are more popular than ever. The industry has experienced explosive growth; client assets managed by robo-advisors hit $987 billion in 2020, with the expectation of reaching $2.9 trillion worldwide by 2025.
A typical robo-advisor collects information from clients about their financial situation and future goals through an online survey and then uses the data to offer advice and automatically invest client assets. This is another way to passively invest.
On today's episode, we will discuss if you think robo advisers are something you should look into and I bet you've heard of most of them.
If you are new to investing, I've created a step by step guide for the new investors. Click on the link below to grab a copy:
https://linktr.ee/dontbebrokebewoke
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