facebookLow capital start up - if I have 10,000 for a start. Does it make sense to put into 2 robo Advisors or just put into 1 and continuously put money in? - Seedly

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Anonymous

07 Nov 2019

Robo-Advisors

Low capital start up - if I have 10,000 for a start. Does it make sense to put into 2 robo Advisors or just put into 1 and continuously put money in?

Looking at putting in 4K per month 2k in each ?

Discussion (4)

What are your thoughts?

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FundsandNotes

01 Dec 2022

Freelance Motion Designer at Home

I would say 1 is enough since the robo itself is already diversified, but do pick a good robo, would recommend syfe or endowus, nfa tho.

Paridhi Jhunjhunwala

07 Nov 2019

Associate at Kristal.AI

Hello!
I think that while starting up with a small capital, the main concern is about the amount that will be eroded by management fees. In that perspective, robo-advisor will be a good choice due to the lower fee charged by them.
However, I think that investing with 1 robo-advisor would be a better choice. Most platforms will provide different investment strategies and various underlying options such as ETFs, REITs, etc. under one roof, so you will not require multiple advisors to diversify.

I work for kristal.AI, and it's my passion to evaluate various upcoming investment opportunities.

I hope you find this helpful! Happy investing!

Hello!

I think that putting it into 2 roboadvisors instead of 1 might be better since there is som...

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