Comments on: Robo-Investing – Will It Work for You?

By: Jeff Rose

Jeff Rose — Sun, 25 Nov 2018 16:20:24 +0000

In reply to Ildiko Danka. Hi Ildiko - Check with the Acorns website to get more specific information on the app. In our article, we've just provided an overview of the platforms.

By: Ildiko Danka

Ildiko Danka — Sun, 18 Nov 2018 12:33:06 +0000

I’m interesting about the Acorns Robo- investing.

Please contact with me.

Sincerely,
Ildiko Danka

By: Joshua Unyime Victor

Joshua Unyime Victor — Fri, 16 Feb 2018 18:04:47 +0000

In reply to Jeff Rose. ''Goodfinancialcents.com'', I would want to register with you.

By: Jeff Rose

Jeff Rose — Fri, 16 Feb 2018 16:37:11 +0000

In reply to Joshua Unyime Victor. Hi Joshua - Most probably won't allow you since you aren't a US resident. But check with a few and see what they can do. Not sure what you mean by "register with your company", can you please explain?

By: Jeff Rose

Jeff Rose — Fri, 16 Feb 2018 02:06:33 +0000

In reply to Mariya. Most are limited to US residents Mariya. It has to do with government regulations. But you can check with each individually and see if they'll accept non-US residents.

By: Joshua Unyime Victor

Joshua Unyime Victor — Tue, 13 Feb 2018 15:02:26 +0000

I am an African, precisely Nigerian I am interested in this Robo investing. Am I eligible? also I love to register with your company, how can I go about it.

By: Mariya

Mariya — Mon, 05 Feb 2018 10:09:33 +0000

Hello,

Great article! Are these websites only for American investors? Are any of them suitable for international investors?

By: Jeff Rose

Jeff Rose — Thu, 06 Jul 2017 19:58:33 +0000

In reply to BMG. I can understand your hesitation. Robo-advising is fairly new. But what you might want to do is to try it with a small amount of your investment money, maybe no more than 10%. See how you like it for a while. My guess is that you'll gradually increase the amount you have with one.

By: BMG

BMG — Fri, 30 Jun 2017 20:12:17 +0000

Excellent article Jeff. I've been looking at robo-investing for some time and just haven't pulled the trigger. I think I'm nervous about what could happen if there was a "glitch" in the algorithm. I'm assuming you would say that the chance of this happening is slim to none? (and you are probably correct). I'm currently testing out Acorns - not for my main investment account, but just to stash some extra cash away and see what happens.

By: Daniel

Daniel — Tue, 27 Jun 2017 18:15:37 +0000

One thing that can be annoying come tax time, though it is touted as a feature, is that there is no cash reserves in these solutions. So every quarter when they need to get their fee’s there is a tax related transaction as they sell some of the portfolio (in a way to head back to the target portfolio). Even if you don’t buy/sell much of the portfolio, this can add dozens of taxable transactions to your taxes.