cover of episode Robo-Advisors Part 2: Pros and Cons + Pitfalls to Watch Out For

Robo-Advisors Part 2: Pros and Cons + Pitfalls to Watch Out For

2021/4/13
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Stay Wealthy Retirement Podcast

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The episode discusses the pros and cons of using a robo-advisor, highlighting benefits like low costs, behavioral protection, modern technology, rules-based investing, and diversification, as well as drawbacks such as limited customization, lack of human interaction, and potential difficulties in transferring funds.

Shownotes Transcript

Today I'm wrapping up our two-part series on robo-advisors.

Specifically, I'm sharing THREE things:

  • The pros and cons of using a robo-advisor
  • Major pitfalls to watch out for
  • How to choose the right one

If you currently use a robo-advisor – or you’re considering one in the near future – this episode will help you better understand if it’s a good fit + how to avoid costly mistakes.