Top Robo-Advisor
Wealthsimple
- Account Fees 0.40% - 0.50% Management Fee
- Minimum Deposit $0
- Asset Types Bonds (both government and corporate), Real Estate, ETFs, Gold, Mutual Funds, and Currencies
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Investing can seem daunting — even for those who have done it in the past. Making your money work for you is the goal here, but it’s a lot easier said than done. There are a variety of different investment vehicles that you can put your well-earned dollars into. Your risk-reward ratio depends on your level of comfort with these assets. If you’re going to be investing your money into an asset over a longer period of time, you can generally afford to play on the riskier side.
Investing involves making calculated risks. Most importantly, you need to feel comfortable with where your dollars are going.
Why you can trust us
The team at WealthRocket only recommends products and services that we would use ourselves and that we believe will provide value to our readers. However, we advocate for you to continue to do your own research and make educated decisions.
Top Robo-Advisor
That’s a great question and we thank you for asking it. When you invest with an online brokerage, you are essentially letting them control your investments. This isn’t a bad thing. When you open an account at a trading platform, you get to sit back and watch your money grow like Alice when she eats that mushroom. Luckily, you don’t have to eat anything weird. You just have to sign up and see what your online broker offers.
Online investing sites provide a way for you to play the stock market safely without worrying about where your money is going. It’s not rocket science, although there are algorithms involved. It’s more like letting your funds grow without having to hustle. Or, seeing your mutual fund werk and create a long-term savings plan that you can fall back on.
Technically, you don’t. You don’t have to do anything, especially if you have no intention of retiring. However, as we enter the zillionth day of the pandemic, it’s becoming harder and harder to plan for the future. With online investing you can take a little money and watch it turn into a lot of money.
If you’re worried that investing will turn you into the Wolf of Wall Street, don’t be. That guy sucks and no DiCaprio/Scorsese collab can paint that man in a positive light. We love the movie but we do not condone Wolfie’s actions and behavior. If you want to throw piles of cash and fresh lobsters at Coach Taylor from the deck of your yacht, that’s on you. We suggest you don’t do that and instead try one the commission-free trading platforms that we adore, like Wealthsimple.
When you use one of the best online investing sites that we recommend, you do not run the risk of turning into a monster. The only risks you’ll encounter will be with your options trades and those are risks you should be taking.
You will not become a millionaire overnight. In fact, most of us won’t become millionaires at all. But, with Wealth Rocket in your corner, you could see yourself set up for a rainy day—or every rainy day for the rest of your life.
Investing doesn’t require major capital. You can invest a little or you can invest a lot and see incredible results. The best online investment sites for beginners are easy to use, mobile-friendly, and let you be as hands-on or hands-off as you want. You’re already stuck at home for most of the day, might as well take out your phone and invest. Your phone is probably already out. You’re probably looking at our site on it now.
Stick with Wealth Rocket and we’ll make an investor of you yet!