E36: Why we get excited about robo-advisors
Roboadvisors were one of the reasons we fundamentally knew money and investing was changing forever and the pace of change would be faster than anyone could imagine. In this episode, we talk about what they are, how they work, how they differ from traditional advisors and a few recommendations on getting started.
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Acorns makes simple automated investing simple by investing your "spare change" on your behalf. With Acorns, every charge you make to a connected account is rounded up to the nearest dollar. This way, with each swipe, you're making an automated "mini" contribution to your retirement.
By far, it's the easiest way to automate your saving and investing. Try it today!
Hands down, Personal Capital is our favorite financial app. This is what we use to track our spending, calculate our net worth, and monitor the cost of our investments. The app is completely free to use and if you choose to invest with them, they have a team of licensed fiduciary advisors who can help you manage your portfolio.