Robo-investing anyone?

[omni550]

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

 

[poorcarver]

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.

 

[nun]

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.

 

[youbet]

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.

 

[mathjak107]

the one called hedgable looks interesting