Invest Smarter, Not Harder | Using Automation and AI to Invest

How to use a robo-advisor to help reach your goals and still have control over your own investments. Get your special sign-up bonus when you get started on Wealthfront. https://invest.wealthfront.com/joseph The average investor earned just 2.9% annually in the 20 years to 2000. That’s well under the 7.5% return on stocks and even below the 5% return on bonds because of bad investing decisions and panic-selling. The answer could be to let a robo-advisor platform help you meet your goals. In this video, I’ll explain robo-advisors; what they are and how they work. I’ll show you how robo-advisors save you money as well as the pros and cons to using automation in your investments. Then I’ll reveal three questions to ask before you start investing with a robo-advisor. Robo-advisors are investing apps that use software and automation to set up a portfolio to maximize returns and minimize risk. They do this through aligning personal factors like risk tolerance, your age and goals with a portfolio of diversified index funds. This gives you a broad portfolio of investments that isn’t dependent on stocks. Robo-advisors can help save you money through tax-loss harvesting and low-cost index funds. They also help take the stress out of investing by smoothing out the volatility in stocks with a mix of funds. The downside to robo-advisor investing is that it does take some of the control out of investing the money yourself. That’s why I use a mixed approach, investing some of my money on a robo-advisor platform and investing the rest myself. 0:00 Should You Invest with a Robo-Advisor? 1:43 What are Robo-Advisors? 3:59 How do Robo-Advisors Work? 5:10 How Robo-Advisors Save You Money 5:53 Pros and Cons of Robo-Advisors 6:51 3 Questions Before Investing on a Robo-Advisor Platform Joseph Hogue receives cash compensation from Wealthfront Advisers LLC (“Wealthfront Advisers”) for sponsored advertising materials. Joseph Hogue is not a client and this is a paid endorsement. Joseph Hogue and Wealthfront Advisers are not associated with one another and have no formal relationship outside of this arrangement. Nothing in this communication should be construed as a solicitation, offer, or recommendation, to buy or sell any security. Any links provided by Joseph Hogue are not intended to imply that Wealthfront Advisers or its affiliates endorses, sponsors, promotes and/or is affiliated with the owners of or participants in those sites, or endorses any information contained on those sites, unless expressly stated otherwise. Investment management and advisory services are provided by Wealthfront, an SEC registered investment adviser. All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Must Watch Videos! 😲 Don't miss the most popular videos on the channel! 🤑 7 Monthly Dividend Stocks that Pay My Rent! https://youtu.be/Rr4A51xoOZ0 8 Simple Steps to Start Investing RIGHT NOW! https://youtu.be/oRxz_0s875I 💰 10 Penny Stocks Under $5 that WILL Make You Rich! https://youtu.be/7B0Rr4n6e_4 How Many Shares to Buy to Make $1000 a Month? https://youtu.be/GnAuLqO6bfs 🤑 Get The Weekly Bow-Tie - my FREE weekly email newsletter sharing market updates, trends and the most important news! Market Updates for the Smart Investor! https://mystockmarketbasics.com/dailybowtie Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.