I am new to investing, can I start with Robo-advisors? What is the catch behind them and what are the risks?
I am new to investing and also looking for some passive investments. What are the pros and cons when investing in Robo- advisors?
Robo-advisors are largely untested in times of severe market downturns and one wonders how they will respond in such a situation? Can technology solve the problem when fear is prevalent? This is something to think about. Robo-advisor are more like Robo-enabled portfolio tools or portfolio managers than advisers. As such there is a certain thinking behind the way the portfolios are constructed and managed. This is about investment philosophy, which can differ quite significantly even if the underlying instruments appear to be similar