How can I better understand robo-advisers and my investments? | Money Hotline #4

In today’s episode, we answer a question from Kathleen. She started her investment journey using robo-advisers but isn’t sure what she’s investing in and wants to take more control in building her portfolio. Today on The Wallet: 1/ Investing is for everyone and thanks to the increased popularity of investing apps, it’s never been easier to get started. Today, we’ll take a step back and look at why, when and how to invest in the stock market. 2/ You might be familiar with the term “robo-adviser” when talking about investing, but what does this actually mean? We break down their pros and cons, what they do, and things you should consider when looking for an investment platform. 3/ To help answer Kathleen’s questions, we explain how to understand what funds you are invested in, how to set your level of risk, and next steps for when you’re comfortable with robo-advisors. Resources:Book: How to Own the World: A Plain English Guide to Thinking Globally and Investing WiselyPodcast: Investing In The Stock Market With Jill JacksonOur podcast partners PensionBee are also offering you a £25 pension contribution (£20, plus £5 in tax relief) when you sign up. To claim the offer, follow this link: https://www.pensionbee.com/vestpod. Capital at risk.  I’m Emilie Bellet, the founder of Vestpod (https://www.vestpod.com/) and author of You’re Not Broke, You’re Pre-Rich. Join us on Instagram @vestpod (https://www.instagram.com/vestpod/) and Facebook (https://www.facebook.com/groups/vestpod). Send me your messages at [email protected] or https://telb.ee/abrzt.  * We are not certified financial advisers, information shared in this podcast is for educational purposes & does not constitute financial advice. Invest what you can afford only and for the long term.* Hosted on Acast. See acast.com/privacy for more information.