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Robo-investing anyone?
Old 10-20-2015, 09:51 AM   #1
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Robo-investing anyone?

Heard about this free robo-investing company (WiseBanyan) on NPR this morning. Here's an article I just Googled that explains a bit more:

Shaking Up the Investment Industry, One Millennial at a Time | Inc.com

I wonder if this might fit the bill for folks who aren't comfortable managing their own investments and have typically paid for a financial adviser?

omni
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Old 10-20-2015, 09:55 AM   #2
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Isn't this simply an automated version of the whole Bogglehead thing. Pick an asset mix, invest, re-balance/add new investment and continue over the years. Agreed it would take the human fear factor/I am smarter than everyone else out of the equation.
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Old 10-20-2015, 10:50 AM   #3
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I don't see what added value these services give over a Vanguard/Fidelity/Schwab account. They all have asset allocation tools and even all in one fund options.
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Old 10-20-2015, 11:12 AM   #4
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Quote:
Originally Posted by nun View Post
I don't see what added value these services give over a Vanguard/Fidelity/Schwab account. They all have asset allocation tools and even all in one fund options.
Schwab now offers free Robo-investing for clients. You pick an AA (they have tools to help) and some ETF's. They rebalance on a schedule you choose. No fees and no commissions.

I only read the brochure so I may have missed details. But I'm sure you can read all about it on their web site.

And, come to think of it, my 401k offers free Robo-investing if you sign up for it.
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Old 10-20-2015, 11:15 AM   #5
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the one called hedgable looks interesting
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