#75: Are RoboAdvisors Hot or Not?

I get questions and comments all the time about roboadvisors like SixPark and StockSpot (Australia) and Betterment and Wealthfront (USA). It doesn't really matter WHICH roboadvisor... the point is most of them are very similar. This episode lifts the veil on how they work, what they do, what it's really costing you. Unfortunately there is a huge misunderstanding from most people that they some sort of special nobel prize winning fund managers putting together something new. All they're doing is investing in about 4 ETFs and calling it a fund. Yes, it's a fund of funds. It's basically a middleman between the fund and you... with a hefty fee on top. To be clear: you are paying fees for them to buy a few ETFs, when you could just invest in those ETFs yourself. Or better yet, invest in the already done-for-you funds that have been around WAY longer than these middlemen and at a much cheaper price... oh and you'll also end up with better returns too. I talk through these options in this episode. xo Simone P.S. Have you watched the free investing webinar yet? Head here to get access: ---------------------------------- LEGAL STUFF: All content provided by Ms Wealthy Pty Ltd (we, us, our) is for education purposes only. Any use or reliance on this content is entirely at your own risk. The content is factual information and general comment only and does not constitute advice. I am not a licensed financial advisor. The content does not take into account your personal objectives, situation or needs and may not be appropriate for you. The information that is found here are my opinions, and should be taken as such.

You can listen to #75: Are RoboAdvisors Hot or Not? online on Radio and Podcast. Open the player on this page to stream the available audio.

#75: Are RoboAdvisors Hot or Not? is an episode from Ms Wealthy's Kiss My Money Podcast by Simone Mercer-Huggins.

This episode is 00:38:16 long.

This episode was published on May 26, 2021.

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