Robo-advisors help you identify an appropriate asset allocation for your goals and your risk profile.Your investment will most probably include a platform fee, advice fee, and underlying fund fees.A robo-advisor may sound like an advisor with superhuman artificial intelligence, but in truth, their services may be quite limited.
You should not expect financial advice that takes into account all your circumstances and identifies risks to your financial life, such as too little life and disability insurance, your overall asset allocation if you own assets such as property, your retirement planning, or your estate after death. You may be offered an investment in a tax-free savings account or retirement fund to save tax or maximise your tax deductions, but don’t expect much tax advice beyond this.
You may be offered investments across different asset classes giving you diversification and lowering your risk, but you should be aware that passive investments track the market and will go down when the markets do.Robo-advisors then typically offer you an automated investment process to enable you to open the appropriate investment account.
Good robo-advisors also put some effort into their questions to ensure they elicit the right answers about your attitude to investment risk. South Africa has very few robo-advisors, but some financial advisors and financial services groups offer them.If you are using a South African robo-advisor it should help you identify the right product for your investments, depending on whether you need a retirement annuity, a tax-free savings account, or a discretionary investment.
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_Business Trading crypto and investing often carry a considerable degree of risk, given the volatility of Bitcoin and some other digital currencies. If you are not following TrevorCarlson0 you should be, there aren't many who have a better understanding of value investing,
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