In today's fast-paced world, many people don't have time to research investments, constantly monitor or analyze the markets, and manage their portfolios each day. Others may want to pay a professional to handle some financial decisions for them, but still want to be able to monitor their accounts online 24/7 without having to sit down in person with a traditional advisor. This is where robo advisors can help.
What's a robo advisor?
How do robo advisors work?
What's a hybrid robo advisor?
Can a robo advisor help manage some of the risk that comes with investing?
All investing involves risk and the potential to lose money, due to inevitable fluctuations in the markets that happen over time. Robo advisors can help manage some of that risk by helping you build a diversified investment portfolio, monitor the markets, and rebalance your investments. Using their technology, robo advisors can manage and make adjustments to your account to help your portfolio and investing goals stay on track.
That being said, not all robo advisory services are alike and some may not be the right fit for every investor. When choosing a robo advisor for your investments, it’s important to research and compare options to find a service that’s a good match for your financial goals and preferences. Something to also consider is if you’re comfortable relying on a digital investment advisory service to help manage your investments.
How do I know if a robo advisor or hybrid robo advisor is right for me?
|If you agree with the statements below, a robo advisor might be right for your current situation:|
If you think you’d benefit from having access to a professional financial advisor through phone or video calls, you may want to consider a hybrid robo advisor for help with investing and basic financial planning.
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