Just wondering if anyone has given robo investor a shot. it looks pretty decent on my phone, im used to using fidelity brokerage and IRA's but im curious of how the robo investor is working.

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KReddit934 t1_iujg2bl wrote on October 31, 2022 at 8:01 PM

What are you looking for that you are not getting at Fidelity?

nrj3697 OP t1_iujsex0 wrote on October 31, 2022 at 9:26 PM

More or less just curious

EQRLZ t1_iujikg5 wrote on October 31, 2022 at 8:18 PM

Fidelity Go is essentially the same offering fwiw

nrj3697 OP t1_iujsfwx wrote on October 31, 2022 at 9:27 PM

Ohh gotcha

trilliumsummer t1_iujjotc wrote on October 31, 2022 at 8:25 PM

So googled this (use Ally but haven't looked into it). Right off the bat it has 30% of your money in cash just earning interest. I would think for most people that's too much cash, unless you account for that appropriately.

Edit: Scrolled down, I guess there's a 2% in cash option, but that has a small fee.

nrj3697 OP t1_iujsoux wrote on October 31, 2022 at 9:28 PM

Yeah and 30 percent really isn't bad for what I want it for. It earns 2.35% guaranteed. It basically puts it in thier HYSA and the rest is invested

trilliumsummer t1_iujysgg wrote on October 31, 2022 at 10:14 PM

Guaranteed for how long? Because I've had their HYSA for years and while it's up there now, there were years it was only getting half a percent.

nrj3697 OP t1_iujyxvh wrote on October 31, 2022 at 10:15 PM

But in theory if the HYSA rate is down then your investments should be up. And vise versa. Years ago my brokerage accounts had a ton more money in them to lol

trilliumsummer t1_iuk4jua wrote on October 31, 2022 at 11:00 PM

I mean, sometimes. It’s not always the case.

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