Robo-advisers are an ideal investment solution for people willing to pay a modest fee to have a portfolio of low-cost exchange-traded funds built to their requirements and then managed on a continuing basis, Rob Carrick writes.is based on a close-up look at each firm’s growth portfolio, which would be of interest to someone comfortable having most of their assets invested in the stock market, who keeps their cool in market declines and who has at least 10 years to go until they need their money.
Evaluating robos on past returns alone is a mistake. Look at fees and an approach to portfolio building that makes sense to you. Some firms stick to broad stock and bond categories, while others add sub-sectors like long-term bonds and small-capitalization stocks.A reader asks John Heinzl whether exchange-traded funds are a good place for her daughter to start investing, and if so which ones?
He responds: Yes, I believe ETFs are a good choice because of their low costs and diversification. Since your daughter is new to investing, it’s best to keep things simple. I suggest you look into one of the newer all-in-one ETFs that provide exposure to a globally diversified portfolio of stocks and bonds with a single purchase. Vanguard Canada, Bank of Montreal and iShares all offer such “asset-allocation” ETFs.
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