Let’s say you have a pile of cash that you’re ready to invest.
If you’re like me, you probably don’t want to spend all your time with your eyes glued to a screen, actively trading on Robinhood. You want your money to grow, but you don’t want to think about it all the time. Maybe the idea of interacting with an investment professional gives you anxiety, or the fees sound like a lot.
You’re not alone.
A study of 3,000 U.S. adults conducted by Vise, a technology-powered investment management platform built for advisers, that was given exclusively to USA TODAY found that the biggest barrier to working with an adviser is concern about how much it would cost (43%).
Here’s what I did: I skipped the personal investment adviser and got a robot to build my portfolio.
Roboadvisers, digital apps that use algorithms to build investment portfolios, are an increasingly popular vehicle for investing, especially for young adults who want a tool that…