2. Best Robo Advisors for Beginners
Are you new to investing? Do you want to open a retirement account? Save for a home? Do you have no idea how all of this works? There is a robo advisor out there for you.
Here are a few features you want them to have:
- Low minimum investing amounts.
- Options for all essential account including 401(k), Roth IRA, etc.
- Automated deposits.
- Low to no upfront fees for ease of mind.
A great feature to look for in the beginning is the ability to purchase fractions of stocks. For example, Amazon is currently selling for about $1,800. Get a robo advisor that allows you to buy a fraction of it if you don’t want to put that much into one share.