Showing Page:
1/1
Investors are asking whether free online tools for building and managing ETF portfolios are any
good. Several online brokers provide tools to help customers build an ETF portfolio. Some are
more difficult to utilize than others. Even though the advice is free, in some cases you may not
be able to decide where your money goes (like the Acorn app) and some people might find a
problem with that. Below we will review several different investment tools and the pros and cons
of robot advice.
Motif Investing Inc. provides commission-free Horizon portfolios based on the investor's
comfort level and investment objective. You may also make your portfolio or choose from a
plethora of different ready-made portfolios on the web. Unlike other services, Motif makes
rebalancing your portfolio easier and less expensive than most other sites. Folio Investing assists
you in selecting a portfolio simply by asking questions based on your comfort level in terms of
risk. Folio, like Motif, alerts clients if these portfolios are changed, however, all transactions
remain up to you. Commission-free Investments such as Global X Funds, WisdomTree
Investments Inc., and Deutsche Bank AG are available on the website. Charles Schwab Corp.
and TD Ameritrade Holding Corp. offer portfolio planners that allow investors to choose from a
range of commission-free ETFs. Fidelity Investments' portfolios are constructed largely by
market sector, capitalization, and investment style. Schwab allows customized orders that are
more difficult to manage or can't be made using other platforms ("Robot Advice for ETFs; We
Tested Free Online Tools for Building and Managing an ETF Portfolio," n.d.).
After reviewing the article, we can see how these tools can help, however, they also mentioned
some deal breakers for some people. I believe people want it to be as easy as possible, like most
things, when it comes to investing. For the most part, these tools seem reliable, however, as
mentioned above, some can be a bit difficult to manage. In my eyes, the pros outweigh the cons
with respect to robot investment advice. These tools take the thinking and the stress out of
investing. Considering I currently use similar tools to invest in today’s market and it has gone
well for me I would recommend these tools.
References
Robot Advice for ETFs; We Tested Free Online Tools for Building and Managing an ETF
Portfolio. (n.d.). ProQuest.
https://www.proquest.com/central/docview/1550720168/fulltext/59EDADCC1974638PQ/1?acc
ountid=144789

Unformatted Attachment Preview

Investors are asking whether free online tools for building and managing ETF portfolios are any good. Several online brokers provide tools to help customers build an ETF portfolio. Some are more difficult to utilize than others. Even though the advice is free, in some cases you may not be able to decide where your money goes (like the Acorn app) and some people might find a problem with that. Below we will review several different investment tools and the pros and cons of robot advice. Motif Investing Inc. provides commission-free Horizon portfolios based on the investor's comfort level and investment objective. You may also make your portfolio or choose from a plethora of different ready-made portfolios on the web. Unlike other services, Motif makes rebalancing your portfolio easier and less expensive than most other sites. Folio Investing assists you in selecting a portfolio simply by asking questions based on your comfort level in terms of risk. Folio, like Motif, alerts clients if these portfolios are changed, however, all transactions remain up to you. Commission-free Investments such as Global X Funds, WisdomTree Investments Inc., and Deutsche Bank AG are available on the website. Charles Schwab Corp. and TD Ameritrade Holding Corp. offer portfolio planners that allow investors to choose from a range of commission-free ETFs. Fidelity Investments' portfolios are constructed largely by market sector, capitalization, and investment style. Schwab allows customized orders that are more difficult to manage or can't be made using other platforms ("Robot Advice for ETFs; We Tested Free Online Tools for Building and Managing an ETF Portfolio," n.d.). After reviewing the article, we can see how these tools can help, however, they also mentioned some deal breakers for some people. I believe people want it to be as easy as possible, like most things, when it comes to investing. For the most part, these tools seem reliable, however, as mentioned above, some can be a bit difficult to manage. In my eyes, the pros outweigh the cons with respect to robot investment advice. These tools take the thinking and the stress out of investing. Considering I currently use similar tools to invest in today’s market and it has gone well for me I would recommend these tools. References Robot Advice for ETFs; We Tested Free Online Tools for Building and Managing an ETF Portfolio. (n.d.). ProQuest. https://www.proquest.com/central/docview/1550720168/fulltext/59EDADCC1974638PQ/1?acc ountid=144789 Name: Description: ...
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.
Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4