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rated:
Ally Offering Brokerage/Stock account & Robo investing .. just got the email.  About $5 to trade stocks, and Robo Investing is .30% commission.    Did a quick check and they offer ishares ETFs for robo investing.  Seems pretty competitive.   Might be good for people who already has ally account.   I find their website/interface to be  really nice/clean & easy to use.

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rated:
They acquired TradeKing.

rated:
tjguitar85 said:   They acquired TradeKing.
  
seems like just about everyone wants to be into robo advising.   It's a good thing - will help lot of retail investors from getting ripped off with high load/commission funds.

rated:
Any reviews of their Robo Adviser?

rated:
prozario said:   
tjguitar85 said:   They acquired TradeKing.
  
seems like just about everyone wants to be into robo advising.   It's a good thing - will help lot of retail investors from getting ripped off with high load/commission funds.

Since when did one need even a robo advisor to get into index funds? 

rated:
I think many people are skeptical that the smart way to invest is so simple and easy. They need some kind of authority to tell them to do it.

rated:
sechs said:   
prozario said:   
tjguitar85 said:   They acquired TradeKing.
  
seems like just about everyone wants to be into robo advising.   It's a good thing - will help lot of retail investors from getting ripped off with high load/commission funds.

Since when did one need even a robo advisor to get into index funds? 

  
It appears you dont undersand what robo adivsor does.

Robo advisor essentially takes your input about your objective/return goal, risk tolerance etc. and allocates fund according to various sectors.  Then they use either mutual fund or ETF to allocate your asset within those sectors.   So basically it is telling you which market/sector/industry to invest - and most i think automatically re-balances in some period basis.

So you're not going to robo adivsor strictly to get into ETF, but you're going there to someone automatically allocate to proper sector/style etc. based on your risk/return objective profile.





 

rated:
prozario said:   
sechs said:   
prozario said:   
tjguitar85 said:   They acquired TradeKing.
  
seems like just about everyone wants to be into robo advising.   It's a good thing - will help lot of retail investors from getting ripped off with high load/commission funds.

Since when did one need even a robo advisor to get into index funds? 

  
It appears you dont undersand what robo adivsor does.

Robo advisor essentially takes your input about your objective/return goal, risk tolerance etc. and allocates fund according to various sectors.  Then they use either mutual fund or ETF to allocate your asset within those sectors.   So basically it is telling you which market/sector/industry to invest - and most i think automatically re-balances in some period basis.

So you're not going to robo adivsor strictly to get into ETF, but you're going there to someone automatically allocate to proper sector/style etc. based on your risk/return objective profile.





 

What you're saying is that a robo advisor can't do any better than someone who bothers to read the advice over at Bogleheads. 

Why pay a person to invest your money poorly when you can get a machine to do it?

rated:
TradeKing had been working with Nirvana Systems on a robo advisor solution. It looked like a good approach -- you simple questions and it shows you some options. The portfolio was made up of low cost ETFs.

Now that Ally took over TradeKing, Ally apparently breached the contract that TradeKing had with Nirvana systems.

does anyone know about the Ally robo advising solution? how does it work?

rated:
sechs said:   
prozario said:   
sechs said:   
prozario said:   
tjguitar85 said:   They acquired TradeKing.
  
seems like just about everyone wants to be into robo advising.   It's a good thing - will help lot of retail investors from getting ripped off with high load/commission funds.

Since when did one need even a robo advisor to get into index funds? 

  
It appears you dont undersand what robo adivsor does.

Robo advisor essentially takes your input about your objective/return goal, risk tolerance etc. and allocates fund according to various sectors.  Then they use either mutual fund or ETF to allocate your asset within those sectors.   So basically it is telling you which market/sector/industry to invest - and most i think automatically re-balances in some period basis.

So you're not going to robo adivsor strictly to get into ETF, but you're going there to someone automatically allocate to proper sector/style etc. based on your risk/return objective profile.





 

What you're saying is that a robo advisor can't do any better than someone who bothers to read the advice over at Bogleheads. 

Why pay a person to invest your money poorly when you can get a machine to do it?

  
Yes you read Bogleheads and many other stuff to invest on your own.  You can manually put in trades to allocate your fund.  You can log in every month or quarter and figure out $amount to re-balance.    And it could work for some people .. but I bet most people can't beat a machine investing in index.   

Most robo advising is not done by "people" .. it is based on some computer alogo .. so technically not  a human doing these allocations.  Although some firm have inputs from humans on top of Robo/Algo.  Some are sophisticated to take tax loss harvesting into consideration.

.30% is not a lot to pay for many investors.





 

rated:
xit said:   TradeKing had been working with Nirvana Systems on a robo advisor solution. It looked like a good approach -- you simple questions and it shows you some options. The portfolio was made up of low cost ETFs.

Now that Ally took over TradeKing, Ally apparently breached the contract that TradeKing had with Nirvana systems.

does anyone know about the Ally robo advising solution? how does it work?

  

One aspect i liked about ally  .. it shows you historical performance - it is not actual performance i'm assuming.  But it shows you the return if you had followed that model.   I like to see how the portfolio would've done in 2008 mkt crash, and how it would've rebounded afterward.

rated:
prozario said:   
sechs said:   
prozario said:   
sechs said:   
prozario said:   
tjguitar85 said:   They acquired TradeKing.
  
seems like just about everyone wants to be into robo advising.   It's a good thing - will help lot of retail investors from getting ripped off with high load/commission funds.

Since when did one need even a robo advisor to get into index funds? 

  
It appears you dont undersand what robo adivsor does.

Robo advisor essentially takes your input about your objective/return goal, risk tolerance etc. and allocates fund according to various sectors.  Then they use either mutual fund or ETF to allocate your asset within those sectors.   So basically it is telling you which market/sector/industry to invest - and most i think automatically re-balances in some period basis.

So you're not going to robo adivsor strictly to get into ETF, but you're going there to someone automatically allocate to proper sector/style etc. based on your risk/return objective profile.





 

What you're saying is that a robo advisor can't do any better than someone who bothers to read the advice over at Bogleheads. 

Why pay a person to invest your money poorly when you can get a machine to do it?

  
Yes you read Bogleheads and many other stuff to invest on your own.  You can manually put in trades to allocate your fund.  You can log in every month or quarter and figure out $amount to re-balance.    And it could work for some people .. but I bet most people can't beat a machine investing in index.   

Most robo advising is not done by "people" .. it is based on some computer alogo .. so technically not  a human doing these allocations.  Although some firm have inputs from humans on top of Robo/Algo.  Some are sophisticated to take tax loss harvesting into consideration.

.30% is not a lot to pay for many investors.





 

A machine can't beat the market over the long-term.  That's what index investing is all about.  If someone pays 7.5x the fee on VTI, they had better more than make that back... which they can't, since they still have to pay the fees on the funds.

Paying to have someone else invest your money for you is never worth the cost.  And if you're really investing, you rebalance with new money, not by selling -- so you don't need a robot to do that for you.

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