Robo-Advisors: All You Need to Know
If you don't have a background in finance, or if numbers just aren't your thing, here's some good news. There's never been an easier time to pass on the task of managing your money to someone (or something?) else.
Thirty years ago, you would have paid a king's ransom for others to manage your money. Knowledge about stocks and investments was sparse and hard to track down. But with the advent of the internet, those walls around financial knowledge have come tumbling down. Today, you have access to a plethora of investing services, and it's never been easier to open an account with low management fees (we'll get to why those low fees are so important below).
That's a bad thing for professional money managers who were relying on your ignorance. It's a great thing for everyone else.
Quelle Fool.com
