Finance Technology

How ‘Robo-Investing’ Will Supercharge Your Savings

what is robo investing

What is robo investing?

Well, it’s not that complicated, actually. Putting it simply, this new form of investing reminds you to save your money the way a Fitbit reminds you to get up and walk. And getting started is easy.

Robo-Investing / Robo-Advisors — Definition

Nerdwallet explains it really clearly.

“Robo-advisors — also known as automated investing services or online advisors — use computer algorithms and advanced software to build and manage your investment portfolio,” the website states. It adds, “Traditional portfolio management services often require high balances; robo-advisors typically have low or no minimum requirement.”

Investopedia further explains that, “Robo-advisors (also spelled robo-adviser or roboadvisor) are digital platforms that provide automated, algorithm-driven financial planning services with little to no human supervision. A typical robo-advisor collects information from clients about their financial situation and future goals through an online survey and then uses the data to offer advice and automatically invest client assets.”

So how can this “supercharge” your investment strategy? The folks at Clark created this clip below that explains it all. With a little bit of info, you could be on your way to getting into the game and improving your personal financial investments.

What Is Robo-Investing? — Sources

Nerd Wallet