Is it worth using Robo Advisor?

Asked 3 years ago

Hi, I'm relatively new to investing/retirement saving. I currently have my 401k/403b/ROTH IRA all through Fidelity. I also have brokerage accounts with TD Ameritrade, Etrade, and Robinhood. I have mainly invested in ETFs. My ROTH account currently uses a Robo Advisor. Would it be better to control my ROTH on my own so I can invest without having all the trade tax?

Avik Das

Friday, October 08, 2021

If you are new to investing, then Robo Advisor can be one of the best options. They have a very low fee. With an investment amount of $20000 to $25000, there is no better option than Robo Advisor. Also, Robo Advisor has a low minimum balance to keep. One major downside is you can't talk to your financial advisor of Robo Advisor face to face. 