Robo advisor reddit I'm pretty happy keeping a good chunk of my money in WS Invest away from my hands as a a set and forget option and I believe most people especially those just starting out with the TFSA and/or RRSP would benefit greatly from this The cash has been sitting with Robo-Advisor for about 2 days now, but nothing seems to be happening. You basically put money in and eventually get some money out, it invests it with AI. The cash account isn’t too bad. Jun 20, 2023 · Plus, robo advisors either prioritise placing bonds in the tax-advantaged space or use tax-exempt bonds (depending on one's tax bracket), further optimising for taxes — which VBIAX doesn't do. EDIT: I honestly didn't expect to see such a negative response for robo advisors. Customer service knows nothing about this feature and just asks you to wait and they will check. Is it just the access if you don’t work for a company that provides access to a high end 401k fund managers? Robo-advisors are automated investment portfolio management companies that provide online portfolio management with minimal human interaction. Since being acquired by UBS they are more gimmicky but their core portfolio ideas are really excellent. I did all the correct procedure and asked me to deposit 100 euros to start. If this includes robo-advisor fee deductions, it seems like I'm only losing money at the moment. If you dont want to learn at all, then simply go with a big name advisor, vanguard, fidelity etc. Avoid this robo-advisor! Sure. 12 votes, 14 comments. This insurance subreddit is for consumers wanting their questions answered about insurance (quicker than a bigger sub where you have to wait to trend to be noticed), and P&C and L&H agents/brokers wanting to answer consumers' questions while sharing useful content in addition to asking and answering agents questions about the business. It doesn't sound like you're doing it right. Robo-advising is a fast growing area of wealth management. Instead, they provide a lot of insights around each strategy, enable the user to make their decisions for themselves based on risk tolerance & aggression threshold, and have a wide range of strategies. If you don't want to get angry and have problems, avoid this robo-advisor. They're the first robo advisor I've seen that doesn't just throw you into a cookie cutter portfolio. Schwab sucks for robo, they use heavy cash allocations because they make money that way from interest margin, a clear conflict of interest. That's a robo account that will grow with you into millions in holdings. I did as requested and I've already had my money pending for 3 days. Robo advisors sidestep this. I wont go in the red with it in any case. Anleihen aus und halten die dann automatisch. Between the two I'd say Wealthfront clear cut. This might be an unpopular opinion, but from a behavioral standpoint they are worth it as it will stick to an asset allocation for you and act as an account you can just dump money into that will be invested automatically. No fees as they make their money on the difference in interest on the cash portion. I always think of just “follow the innovation” and invest based on that. Tax-loss harvesting yourself has the same behavioral pitfalls, as rebalancing yourself. I personally don’t have any idea about robo advisors I just use Vti Vxus with slight avuv tilt nothing really fancy. I been making $10 per day at the 5% APY. The company's mission is to maximize the value and utility of digital assets through our comprehensive product suite including advanced trading solutions, liquidity aggregation, tax-efficient asset-backed credit lines, a high-yield Earn Interest product, as well as the Nexo Platform and Nexo Wallet with their top-tier Robo advisors offer a simple allocation pretty cheaply, much cheaper than traditional advisors, especially scam artists still selling funds with sales charges. I liked the features of allowing the user to customize their allocation beyond just a generic risk profile, one size fits all. Thoughts on Fidelity Go Robo Advisor: I was planning on opening an account with a small amount ($2500) to give it a try and… It makes sense, if you give a brokerage the power to decide on your investments then they will choose the ones that make them the most money. I was thinking of making the tiniest investment of 100 euros and maybe add to that if it goes well. Vanguard has a great robo and decent planning services depending on the dollar amount. If I were just recommending a robo-advisor to a friend, I would be quite concerned about recommending Vanguard based on the above experience and my own. Shouldn't this thing automatically invest or First, why I started with Weathfront: I was shopping robo-advisor firms and ultimately chose Wealthfront and Schwab Intelligent Portfolios with roughly equal contributions to each as a means to benchmark off each other. The UI does not indicate that it needs any additional input from me, it all seems fine, but nothing happens. (I'm also curious to know if Vanguard makes the tax implications of selling one's entire portfolio clear — fairly important for the novice investor who specifically doesn't want to complicate Take this with a grain of salt but one of the “fire” YouTubers, rob berger, doesn’t think vanguard digital advisor is a good service if you want robo advisors. Look at who has the best cost and then have at it. Welcome to /r/Money, a community centered around personal finance, investing, saving, and everything money-related. Keep your investments and your savings separate. Right now I've been talking to different agents for more than 2 hours and they don't know what to do. The difference is clear I use schwab's robo advisor for my largest taxable account. By “mandatory cash allocation”, I mean Schwab robo advisor forces you to keep a certain amount of money in your robo advisor portfolio in cash rather than invested. Using their robo advisor is letting them steam roll right over you. So, I'm unsure if it's worth the time or if it would be better to explore other This is tricky, simply because you need to learn about investing to research and understand what the robo advisors are doing. I added 3500 euros two weeks ago using 2/5 option, but the value hasn't increased and stays around 3490 euros. I've had a similar experience with my investment. Betterment is decent. If you want to keep it really simple, just buy the ETF "VT" (it contains basically every stock in the world). But if you can put some time into researching and learning what truly gives you good returns, managing things yourself can give you better results. Here, you can share your financial achievements through pictures and stories, ask questions, and offer advice. The amount of uninvested cash is dependent on risk tolerance you select during portfolio setup. For example, for the most aggressive portfolio, cash allocation is 6%. Nexo is the world’s leading regulated digital assets institution. I am searching for interview partners in this field , so if you are a user of robo advisors or work at one I would appreciate if you could have a quick chat with me about it ! 90% aller Robo-Advisor machen folgendes: Sie stellen dem User ein paar Standardfragen zu seiner Risiko-Toleranz und rechnen daraus eine Verteilung Aktien vs. They asked me to cancel my robo-advisor account so that my transfer would return to my main account, but it didn't help. Some might complain about the cash holding, but I just adjusted my overall portfolio across all holdings to account for it ¯\_(ツ)_/¯ Mostly I just keep it for the TLH so I don't have to think about it. Hello everyone, I am in my last year of bachelor studies and I am writing my bachelor thesis on risks and potential of AI in finance with the focus on robo advisors. Running a robo-advisory service myself and having used the services, I can tell you that is a big marketplace and not all robo-advisors are the same. I hope everyone is having a great day today! I am reaching out to see if anyone can advise me or point me in a direction about using robo-advisor investing like wealthfront, betterment, vanguard digital advisor, and SoFi automated investing. Which in turn makes is unnecessary to have a robo advisor to begin with. Wealthfront has always been the most pure robo play. Personally I believe there is an inherent butting of heads between an investor and the brokerage firm. He prefers betterment. Based on some reading, I am thinking that Robo-advisor may help in the following area. The purpose of /r/roboadvising is to share articles about robo-advisors, and discuss their success / future. These Robo-advisors were not available when I started investing. SoFi is aiming their robo downmarket. My cash is just sitting there, Robo-Advisor is happily staring at it, and that's it. 35% after that (the underlying funds have no expense ratio). I put in Robo Advisor for both so I will be curious to see what the Robo Advisor’s ETFs that it will allocate too. . Interesting to see the responses here, thought no one here would be using a robo-advisor based on previous comments. That said, they just use Vanguard funds and dont tax loss harvest if it is a taxable account. Again, if you are pressed for time, leaving investing up to a robo-advisor probably won’t hurt. It's free for the first $25k then 0. I recently saw they have a program called robo advisor. Ally lets you turn off the robo-advisor and just invest for yourself with no fees, right? If you want to invest, buy your own investments. Sep 29, 2024 · The term "robo advisor" makes it seem like they are doing something really sophisticated and actively managing your portfolio, but as far as I can tell, they are just picking out a pretty standard allocation of US stocks, international stocks, and bonds and then handling any rebalancing for you. I am 27 year old who is currently saving money to purchase my first home in the upcoming years. Future $$ will be added to my Roth IRA and trading account. 1. When would you recommend using a robo advisor as opposed to DIY or buying a target date fund? I'm also concerned whether the fees would eat up any advantage they might have over TDF or DIY. There are probably more than 100+ robo-advisory firms in US alone with more brokers and banks coming out with similar services to retain clients. Mar 28, 2025 · Fidelity's robo-advisor, Fidelity Go, frequently makes our list of the best robo-advisors for its low fees — including free management on balances below $25,000 — integration with other Dec 10, 2023 · gavinsiu wrote: Sun Dec 10, 2023 1:19 pm I am curious everyone's personal experience with Robo-Advisors and how they compare to DIY and a full human advisors. nwyxh jgisnh ttiz fzolsvs ekyafx yvvui ihqcfmo uzol onkkfa bjpekhe uuqt wcpq mgkz hjjbwqw azcb