facebookHow much do I need to start investing in robos? I know there's no minimum amount for some, but what would be the minimum amount to avoid excessive fees? - Seedly

Advertisement

Anonymous

08 Sep 2020

General Investing

How much do I need to start investing in robos? I know there's no minimum amount for some, but what would be the minimum amount to avoid excessive fees?

Discussion (7)

What are your thoughts?

Learn how to style your text

You can start at $1. There is no real excessive fees problem - as compared to traditional brokers. The fees are scalable, you can start wondering about them once your nest egg reaches $30,000.

Follow me here.

View 2 replies

Different robo-advisors charge different fees but it ranges from 0.2% - 0.8% if I’m not wrong.

Depending on which robo-advisor you’re interested in, some have minimum amount & fees for every withdrawal etc

View 1 replies

Most robos charge as a percentage of your invested amount. If you invested little capital, you will ...

Write your thoughts

Advertisement