What it means for a robo-advisor to reassess your risk tolerance
Find out how a robo-advisor can help you invest like a pro on this episode. Then download your FREE Queer Money Kickstarter, a 9-step Guide to Kickstart Your Journey to Financial Independence.
How robo-advisors make investing more cost effetive
46% of respondents to our LGBTQ+ Money Study listed saving for retirement as a top priority. At the same time, 32% said making the right investment decisions was one of their top worries. But what if you had access to a financial ally that could help you turbocharge the wealth-building process and secure your ideal retirement? Robo-advisors are just that. Part tech wizard, part financial genius with a dash of R2-D2, robo-advisors can help you invest like a pro without spending a ton of money on a portfolio manager.
On this episode of Queer Money®, we walk you through the short history of robo-advisors and explain how they make investing more cost-effective through automated portfolio management. We share the benefits of using a robo-advisor regarding tax efficiency and diversification, describing how AI helps us make better decisions in a volatile market.
Listen in to understand how the role of a financial advisor is likely to change in the near future and learn how to leverage a robo-advisor to optimize your portfolio and grow your retirement savings!
Listen to get insight on robo-advisors
Topics covered on robo-advisors
- How robo-advisors provide automated, algorithm-driven financial planning
- The history of robo-advisors from 2008 to present day
- How robo-advisors make investing more cost-effective through automated portfolio management
- How robo-advisors offer diversification strategies and tax efficiency
- The advantages of using a robo-advisor in a volatile market
- How robo-advisors provide automated portfolio rebalancing, dynamic asset allocation and liquidity management
- What it means for a robo-advisor to reassess your risk tolerance (and how it works)
- How robo-advisors perform stress testing and understand behavioral finance better than humans
- Why the role of a financial advisor is likely to change in the years to come
Resources on robo-advisor
- Debt Free Guys|Motley Fool LGBTQ+ Money Study
- Investing in Volatile Markets on Queer Money EP213
- Active vs. Passive Investing on Queer Money EP370
- The Different Types of Financial Advisors on Queer Money EP204
- Tax Harvesting on Queer Money EP480
- Vanguard Robo-Advisor on investor.vanguard.com
- Wealthfront Robo-Advisor on wealthfront.com
- Betterment Robo-Advisor on betterment.com
- Wealth Builder’s Pyramid
- CreditWise
Connect with David and John
- Debt Free Guys on Facebook
- Debt Free Guys on X
- Debt Free Guys on Youtube
- Queer Money Facebook Group
- Queer Money on Instagram
- Subscribe on Apple Podcasts
- Email [email protected]
Watch this week’s episode on robo-advisor
Previous 3 Podcast Episodes
- Healthcare Inequality: What LGBTQ Folks Must Know
- 7 Taxes in Retirement to Consider
- Why Arlan Hamilton Wants More Rich Gay People
We’re David and John Auten-Schneider, the Debt Free Guys (www.debtfreeguys.com), and the Queer Money® podcast hosts. We help queer people (and allies) live fabulously, not fabulously broke, by helping them 1) pay off credit card debt, 2) become part- or full-time entrepreneurs and 3) save and invest for retirement.