Should You Hire or Fire Your Robo Adviser?

When it comes to investing, everyone wants to increase their gains. One way to do that is to keep your fees low. Obviously, fees are counterproductive to wealth building, so there is a trend in the industry that labels fees as evil.

While it is true that fees dampen returns, they are not the end-all and be-all. Investors who focus on fees alone could be missing the point of investing itself (more on that in a bit). Regardless, many young and old alike are turning to robo advisers.

The Pros of Robo Advisers

Robo advisers are an algorithm-driven financial alternative to human advisers. They offer investment management at an average cost of . Now compare that to a mutual fund, which can often have fees of 1% to 2%. Couple that with the fees