With the rising popularity of Robo-Advisors due to their efficient approach and simplifying the barriers to entry for a retail investor. Gone are the days where you have to research on your own stocks or ETFs, the painstaking process of opening a brokerage account, and to try and “time” the market and disappoint yourself.
With Robo-Advisors, you no longer need to worry about having to time the perfect market entry (to go in at a good price), but instead let the Robo-Advisor automate this process for you, allowing even the most clueless and lazy individuals to become invested.
Contrary to popular belief, Robo-Advisors are not actual robots investing for you, instead, it is an app platform managed by a team of financial advisors behind the scenes to ensure a smooth and cost-efficient approach to investing. Their purpose is very similar to that of a human financial advisor but each Robo Advisor have their own specialties and approach for different...