Robo advisory investment services like Betterment and Wealthfront are growing in popularity especially among millennial’s. They are online wealth management services providing balancing and allocation via algorithm and not human interface. Due to this fact, they have much lower commission rates since no humans are involved and human involvement is expensive. The interface provides more information more quickly making it geared towards the younger smartphone generation. Most of these robo advisory services offer a risk tolerance survey which determines what percentage you should have in stocks versus bonds. This prevents you from over exposing yourself. If you are all about risk, they have tailored portfolios. Since the portfolios are algorithm based, they are constantly optimized and this leads to these funds having better interest rates than traditional funds. One disadvantage of robo advisory is a lack of simplified information. Your financial adviser is still better at explaining things to you one on one. Since robo advisories have lower fees, they are ideal for those investing small amounts of money. This allows you to start investing earlier with smaller amounts of money. Betterment and other robo advisory services seem to be a supplement to human financial advisers at this point. Due to the low fees and automatic optimization, returns are generally higher in robo advised funds. Website http://www.ryanoscribner.com Follow me on Twitter! https://twitter.com/RyanOScribner Personal Fitness Coaching http://www.ryanoscribner.com/shop If this video brought value to you, please leave a like! If you are looking to find out more about anything I discussed, drop me a comment or contact me on Twitter. Subscribe to be updated on my journey through life! About Me: My name is Ryan Scribner. I am a nutrition and fitness crusader and I consider myself to be a life student of personal development. I am also an investor. I went from being an overweight college student to living at 8% body fat. About two years ago when I started weight lifting, I was completely clueless. I never played sports in high school and I had no base level of fitness established. I made many mistakes, but over time I developed an understanding. I want to help others develop the body, spirit and mind they deserve. In making mistakes along the way and learning from scratch, I have a lot of value to bring to the table. I recommend my content to those interested in the accumulation of wealth, fitness and nutrition as well as personal growth and development. Recently, I made my own happiness a priority after living with depression for over a year. I want to share with you exactly what I did to get to a state of perpetual lasting happiness. I have also spent a great deal of time learning about investment and wealth accumulation. While money alone doesn't bring happiness, it allows you to experience many things which do bring happiness. Start the journey. Involve the right mentors and coaches. Learn.
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