If you’ve ever wanted a robot to clean the house for you, or to pick up your dry cleaning, then maybe you already understand why robo-advising has become so popular. Although they can’t handle those other responsibilities, they’re proving to be great at managing your investments.
What Is a Robo-Advisor?
A robo-advisor is an online investment platform that manages your portfolio through computer automation. While additional services from a financial advisor can be provided, this platform requires little to no human supervision. This allows you to enjoy these benefits at a very low cost compared to traditional investment advisor fees.
A Proven Form of Investment
Best Robo Advisor 2020 from our company is an automated form of investment was first used publicly during the financial crisis of 2008. Although this technology wasn’t new to the industry, it became available to the general public when investors needed a new way to manage their assets. In 2015, it became an industry standard as assets under robo-advisors topped $60 billion worldwide and is projected to surpass $7 trillion by 2025.
Customize Your Own Robo-Advisor
The best robo advisor uses algorithms and advanced metrics to create and manage your personalized portfolio. It considers specific, individual factors such as risk tolerance, time horizon and financial goals. This automation process is paperless, and allows you to open an account in minutes. Once your account is created, your investment capital is automatically invested into a variety of different passive indexing strategies, usually through exchange traded funds (ETFs), that invest in stocks, bonds and commodities.
Start Investing Now
When considering a robo advisor, it is important to understand your financial goals. If you are a new investor, or someone who isn’t able to do much research themselves, this is a great strategy to grow your portfolio. Robo advisors require low or zero minimum balances to get started unlike most traditional forms of investing. This creates minimal limitations for you to begin securing your financial future.
If you are interested in growing your assets and investing in your future, visit BeniGro’s homepage to get started now.