Investing sounds like work? Robo-advisors are your lazy investor’s best friend! These automated investing platforms build and manage your investment portfolio for you, based on your goals and risk tolerance. Think of them as robot butlers for your finances, handling the investment heavy lifting while you binge-watch Netflix.
Robo-advisors like Betterment, Wealthfront, and Schwab Intelligent Portfolios use algorithms to build diversified portfolios of ETFs (Exchange Traded Funds – baskets of stocks and bonds). Low fees are a major perk. You answer questions about your goals and risk tolerance, they do the rest – investing, rebalancing, even tax-loss harvesting (fancy!).
Hands-off investing doesn’t mean “set it and forget it” completely – review your portfolio periodically. Robo-advisors: Investing made easy (and lazy-proof!). Let robots manage your money, relax and reap (potential) rewards!