Yay or Nay on Robo Advisors?
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 4 January 2022
⏱️ 11 minutes
🧾️ Download transcript
Summary
With just about every major brokerage firm now offering a robo advisor product, is it something we should be considering?
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Transcript
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| 0:00.0 | The monopoly game is back at McDonald's, and guess what? It's still twice as nice, because |
| 0:04.6 | with double peel, you can peel on pack. Then peel a game on the McDonald's app, to when |
| 0:08.8 | prizes like, brand new mini-electrics, lovely McDonald's food, HBO and gaming laptops, |
| 0:14.5 | to be holiday vouchers, a thousand pounds in cash, plus tons of other incredible prizes. |
| 0:19.3 | 18 plus UK only selected items, subjects of serving times and availability, and 17th |
| 0:26.0 | October. Game play and prize claims may require McDonald's app, seemingly rules.co.uk. |
| 0:30.8 | Welcome to the Jill on Money Show. It is Tuesday, January 4th. First week of the year, I know, |
| 0:40.7 | do a little stretching gang. It's your stiff. It's like, I got to do this again. If you are |
| 0:46.2 | like me and Mark, you took some time off during the holidays and thank goodness you did, |
| 0:50.7 | because it's good to recharge. And I know that we feel recharge, and we are really looking |
| 0:55.5 | forward to a great 2022. And I know that that greatness comes from not us. It comes from |
| 1:01.7 | you guys. Our amazing listening audience, the folks out there who just listen passively, |
| 1:08.6 | that's great. The people who want to ask us questions, you're great too. It is a community |
| 1:13.3 | and we are very grateful that you have brought this show to where it is today. So thank |
| 1:18.8 | you, thank you. Let's get into it. Let's talk to Rose in North Carolina, and we're talking |
| 1:24.3 | about Robo Advisors. My husband and I have been working, we both work, and we've been |
| 1:29.3 | saving and investing. And recently we've been, we are going to have some financial changes |
| 1:36.6 | like buying a house and maybe sending the kids to private school. So I am trying to take |
| 1:42.4 | him financial stock of where we're at, and we keep bumping up against these Robo Advisors. |
| 1:48.2 | My husband is very interested in them. I am a little more nervous about them. And I |
| 1:54.1 | want it to know whether you think it's really worth it to move money from a traditional brokerage |
| 2:00.2 | account into something like a betterment because of the daily rebalancing and the tax |
... |
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