Is it worthwhile to invest long term (20-30years) via roboinvest platforms since the fees incurred are recurring? - Seedly
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Anonymous

Asked on 25 Oct 2020

Is it worthwhile to invest long term (20-30years) via roboinvest platforms since the fees incurred are recurring?

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Yang Teng

Yang Teng

Level 9. God of Wisdom

Answered on 25 Oct 2020

Depends on whether you are willing and able to invest yourself through a brokerage. If you are not sure how and/or not willing to spend the time, then you can choose to stick with roboadvisors.

Personally, I would invest with roboadvisors till I have accumulated a critically large sum (e.g. $100k) where it will then be worthwhile transferring over to a brokerage.

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Yang Teng
Yang Teng

25 Oct 2020

Yup
Casey
Casey

31 Oct 2020

That's what I would do as well, you never know how long a company would be in business also.
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U can slowly accumulate huge size first then buy separately after that

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Timothy Yan

Timothy Yan

Level 2. Rookie

Answered on 30 Oct 2020

But ETF fees are also recurring

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Depending on which fees you're referring to. Of course, investing through local banks or even reputable investment companies (professional advisors) will have increasing fees, where roboinvest platforms will definitely be a better choice, especially if you're just starting and holding for a long term.

If you are willing to spend some time learning how to invest through online brokerage accounts, by simply investing S&P 500 etf will allow you to have higher returns and even lower commission compared to roboinvest platforms.

To find out more about savings and investing, feel free to check this out :)

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Question Poster

25 Oct 2020

Thank you :)
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