• About
  • Advertise
  • Contact
  • Terms & Conditions
  • Fitness Challenge
  • Change Your Life
  • Bucket List
    • Email
    • Facebook
    • Google+
    • Instagram
    • Pinterest
    • RSS
    • Twitter

The Savvy Scot

Personal finance and lifestyle blog

How to invest with robo advisors

By Pauline

robo advisor3

Robo advisors are the new thing when it comes to investing. Simply put, robo advisors are automated investment management software. Unlike actively managed funds, they are using algorithms to help you choose how to allocate your funds when you invest.

Robo advisors take away the emotional part of investing, so they can be better than fund managers, since they purely rely on numbers to make investing decisions.

Another advantage is robo advisors are cheaper than actively managed funds. Check out this robo advisor comparison table to find out the best robo advisor for you, depending on how much you are able to invest, and where you currently hold the funds. Some of them require a low initial deposit, or none at all.

This review of one of the most popular robo-advisors shows you can get started with as little as $500.
The annual fee is 0% if you invest less than $10,000. This is great news for newbie investors who just want to get started with an automated platform. Some of the robo advisor also offer human advisors if your portfolio is over a certain amount.

That low-cost, easy approach to investing has become very popular lately, because people like you and me can build a portfolio in just a few clicks. Remember the movies where people had to call their brokers during a crisis and yell “seeeelllll!!”. These times are over, now you can trade and invest from the comfort of your own home.
You set up your account, define the level of risk you are willing to take, buy stocks and shares according to your goals, and you’re all set.

The low fees can help you build wealth faster. Robo advisors are counting on the huge amount of business they are drawing to make a profit. Unlike a human portfolio manager who can only manage so many assets.

Robo advisors are a great way to complement your traditional investing strategies, or to get started as a newbie investor.

Filed Under: Money Tagged With: investment, robo advisors

« Previous post
Next post »

Get on the list!

Receive earning updates, reader questions and general tips straight to your inbox:

Search this website

Recommended Reading:

  • Defining Purpose and the Importance of Moderation
  • The Benefits of Being a Dilettante
  • 4 Things They Didn't Tell You About Life
  • Who Needs Business Insurance?
  • Our Wedding in Thailand
  • Wedding Part 2 - The Finances
  • How to Get a 100% LTV Mortgage
  • Lessons in Negotiation
  • Scottish Insolvencies Rise
  • A Mobile Phone Dilemma

Disclaimer

Neither The Savvy Scot or any guest writers on this site are finance professionals. All writing on this site is intended for entertainment purposes only. Some posts on this site may be sponsored and will include links to external content. See Terms & Conditions page for further details.

Copyright © 2025 The Savvy Scott · Custom site by Moonsteam Design