Chime
Work-At-Home Position Available: WordPress Tech
Our friends at Blogelina contacted me tonight to let me know what they have some paid work-at-home internship positions available. Here’s what they say about this opportunity: Here at Blogelina, weâre excited to be adding to our team again! Â Weâre looking for a couple of motivated, organized, savvy people to work with us in providingRead More
How to Keep Your Flower Beds Weed-Free (for free!)
Passionate Penny Pincher shows you How to Keep Your Flower Beds Weed-Free (for free!). Have any of you done this before?
Chime vs. Current: Which Is Better?
How to Save Time, Money, and Space on Kid’s Clothing
Andrea Dekker has a great post up on How to Save Time, Money, and Space on Kid’s Clothing. If you need some ideas for cutting costs and cutting down on the amount of kid’s clothing you have at your house, head on over here to read it. What ideas would you add to her list?
7 Ways to Eat Healthy on $4 Per Day
Valerie emailed in this interesting article on 7 Ways to Eat Healthy on $4 Per Day. Read the post and 7 ideas here. Do you do all seven things? What other ideas would you add?
Where to Bank if You Owe a Bank Money and Can’t Open a New Account
What Is a Prepaid Card, and How Does It Work?
20 Checking Accounts for Bad Credit for 2022
What is a robo-advisor? An introduction to automated investment tools
One of the joys of writing a money blog like Get Rich Slowly is the continuing self-education. I’m always reading and learning about personal finance. A lot of the times — as in the past month — this education is about esoteric topics. I’m currently diving deep into the history of personal finance, a subject that’s interesting to me but admittedly not of much practical use in the modern world. (Today in the mail, I got a book about advertising and the use of credit during the 1920s. How’s that for esoteric?)
But sometimes, this self-education does have practical uses, and it’s stuff that I can share with you folks so that you too can become better educated.
For instance, I have a huge blind spot when it comes to so-called “robo-advisors”. When I stopped writing here in 2012, robo-advisors existed but they hadn’t yet become a Big Deal. By the time I re-purchased this site in 2017, things had changed. Robo-advisors had become a major force in the investment industry — and I was clueless about what they were.
I’ve remained (mostly) clueless for almost three years now. I have a general idea of what robo-advisors are and how they operate, but only in the broadest sense. During our weekly planning call on Monday, I mentioned this blind spot to my business partner, Tom.
“You should write about robo-advisors,” Tom said. “If you don’t know what they are, I’ll bet there are plenty of readers who don’t know either. Do some research, write it up, and then everybody benefits.”
Tom is a smart man.
Here then is my research into the world of robo-advisors. What are they? How do they work? And who should use them? Let’s find out.