Asked 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.
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.
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25 Oct 2020