Hack Your Wealth

The pros and cons of robo-advisors


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#10: We talk about the pros and cons of using a robo advisor. Are the advantages of automating your portfolio management worth the costs and downsides?

What you’ll learn in this episode:

  • What are robo advisors
  • Pros and cons
  • How much robo advisors cost in fees
  • What parts of your portfolio robo advisors don't work for
  • How to think about robo advisors vs. human financial advisors
  • Ultimately, should you use a robo advisor?

 Links mentioned in this episode:

  • Vanguard
  • List of robo advisors
  • Tax loss harvesting and tax gain harvesting step by step
  • HYW private Facebook community

Intro/Outro: Old Bossa by Twin Musicom.

...more
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Hack Your WealthBy Andrew Chen

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