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Wealthify Robo Investment

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  • maxsteam
    maxsteam Posts: 718 Forumite
    500 Posts First Anniversary Name Dropper Photogenic
     it appears as though Robo investing will charge you higher fee's as they are managing everything based on your risk appetite you tell them.

    Robo Investing is just a trendy term that gives the impression that they are doing something new and innovative. I am sure the words bespoke and cutting-edge should be thrown in too.

    My opinion is that you are better investing in a large, mainstream fund through a broker who is a member of the London Stock Exchange. 
  • Daliah
    Daliah Posts: 3,792 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper
    edited 7 January 2022 at 9:02AM
    maxsteam said:.

    My opinion is that you are better investing in a large, mainstream fund through a broker who is a member of the London Stock Exchange. 
    Which of the below would you not consider large, mainstream funds? What funds would you find acceptable? How would the average person find a broker, and how would they communicate with them? How much would they have to pay the broker?


  • GeoffTF
    GeoffTF Posts: 1,942 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Daliah said:
    maxsteam said:.

    My opinion is that you are better investing in a large, mainstream fund through a broker who is a member of the London Stock Exchange. 
    Which of the below would you not consider large, mainstream funds? What funds would you find acceptable? How would the average person find a broker, and how would they communicate with them? How much would they have to pay the broker?


    Mercer Emerging Markets is an unusual one, but it is quite large. Most people use online brokers:

    https://monevator.com/find-the-best-online-broker/

    As far as investments are concerned, you can just use a packaged fund like Vanguard LifeStrategy:

    https://www.vanguardinvestor.co.uk/investing-explained/what-are-lifestrategy-funds

    Alternatively, here is a simple approach that should be better, but involves more work:

    https://www.kroijer.com/
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