“Robo-advisers” promise to automate your investing, grow your wealth and do it all for (almost) free. Best of all: You never have to sit down with a smooth-talking financial adviser who gets his commission check even when your portfolio tanks.
While robo-advisers solve some problems with financial services, they’re far from perfect. In this episode, you’ll find out how they really make money (Hint: Not the 0,25% transaction fee) and what you should consider before using one.
Want to find out if a robo-adviser can grow your wealth sustainably? Listen now!
Show highlights include:
- The hidden reason big banks love robo-advisors. (2:44)
- How robo-advisers make money off of you (even if you’re not paying any fees). (5:57)
- Why even the world’s best robo-adviser can’t insulate you from volatile stocks, greedy bankers and economic crashes. (8:57)
- The “IRS fee” you only hear about a year after starting with a robo-adviser. (10:18)
- Why trading options can evaporate your wealth (even if you make money at first). (12:17)
- How a robo-adviser manipulated their users into buying 40x more shares (without getting them bigger returns). (14:45)
- The 50-year old “convention” that makes growing your wealth feel like a rollercoaster ride. (18:55)
- Why “investing” with some financial apps is like giving your paycheck to Caesars Palace (22:27)
Remember to download Grandma’s Top Tips for an Independent Financial Future by dropping into https://grandmaswealthwisdom.com/free/. It's time for YOU to break through to a smart, stable, financial future.
If you’d like to see how Grandma’s timeless wealth strategies can work in your life, schedule your free 15-minute coffee chat with us by visiting www.grandmaswealthwisdom.com/call … just like Grandma would want us to do.
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