I'm a financial planner, and I can tell you most people need help investing — the only question is whether that help should be algorithm or human - Creak News

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I'm a financial planner, and I can tell you most people need help investing — the only question is whether that help should be algorithm or human

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investing apps robo advisersDedi Grigoroiu/Shutterstock.com

  • The automated investing platforms known as robo-advisers are a good option for beginners without a complicated financial situation.
  • They make it quick and easy to get started investing, and they don't require much (if any) oversight from the investor.
  • For most people, the question isn't whether they need help managing investments — it's whether the help of an algorithm is enough, or if they need a human to weigh in.
  • See Business Insider's picks for the best investment apps right now »

Robo-advisers (automated investing platforms that manage your money via algorithm) aim to give you the guidance you need to grow your wealth with none of the downsides that come with hiring an actual human to help you — namely, the costs involved with having a one-on-one relationship with a pro.

These platforms also make it much easier to get started with investing.

See the rest of the story at Business Insider

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