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Fintech and Robo-Advisors - Seeing Benefits?
Posted: January 25th, 2018, 1:43 pm
by neversay
I noticed the Wealthify app in google appstore and it seemed highly rated. I haven't really paid attention to these robo-advisors but note there are others like Nutmeg and Moneyfarm. I suspect this is part of of the Fintech revolution that's on the way.
My question is - have any Lemon Fools used these types of investing tools and what do you make of them?
(Mods - hopefully this is the right board to ask this question as several could apply)
Re: Fintech and Robo-Advisors - Seeing Benefits?
Posted: January 30th, 2018, 2:11 pm
by bobsmydog
I have just signed up to try it out once beta is available. Will report back.
The difference between the fintech (exoinvesting) and other robos from what I can gather is that the investor can have more input rather than a fixed portfolio based on risk, but charges aren't the lowest.
Re: Fintech and Robo-Advisors - Seeing Benefits?
Posted: January 30th, 2018, 2:43 pm
by neversay
Thanks. It's probably one area where I will happily be a 'laggard' and wait for more mainstream uptake before I go this route.
Re: Fintech and Robo-Advisors - Seeing Benefits?
Posted: January 30th, 2018, 2:45 pm
by bobsmydog
bobsmydog wrote:I have just signed up to try it out once beta is available. Will report back.
The difference between the fintech (exoinvesting) and other robos from what I can gather is that the investor can have more input rather than a fixed portfolio based on risk, but charges aren't the lowest.
Sorry misstyped, meant finhub (exoinvesting)!