Automated Portfolio Management

[darthseinfeld]

Has anyone ever tried this? What has your experience been like?

I rejoined Navy Fed last month and saw they offer this and decided to give it a go with a small slice going in. Basically gambling money

I do my Roth through Fidelity, and they have Fidelity Go. Im sure that is alot more detailed than Navy Fed's. Navy Feds is basically just "how adverse to risk are you"

 

[rags747]

Has anyone ever tried this? What has your experience been like?

I rejoined Navy Fed last month and saw they offer this and decided to give it a go with a small slice going in. Basically gambling money

I do my Roth through Fidelity, and they have Fidelity Go. Im sure that is alot more detailed than Navy Fed's. Navy Feds is basically just "how adverse to risk are you"

I believe Fidelity offers a similar service. I would go with Fidelity over Navy Fed, but I have not investigated this At All! Seems to me you could just pick a mutual fund or funds. Good luck…

 

[darthseinfeld]

I believe Fidelity offers a similar service. I would go with Fidelity over Navy Fed, but I have not investigated this At All! Seems to me you could just pick a mutual fund or funds. Good luck…

My Roth is through Fidelity. Fidelity Go is their automated service. The reviews on it seem checkered, so I dont know if I want go that route. However these are user reviews, and who knows if they actually know what they are doing. Most of them are also based on short term performance, which isnt what Im looking for. I do the standard S&P/International index/bonds Three Fund with my Roth

The Navy Fed is basically gambling money and a means to keep the account active. I reopened it because the interest rates they off are excellent

 

[CyberB0b]

Why not just buy a low cost index fund?

 

[darthseinfeld]

Why not just buy a low cost index fund?

Thats most of my actual portfolio. The amount Im putting into this is more or less the equivalent of poker money

 

[CyberB0b]

Thats most of my actual portfolio. The amount Im putting into this is more or less the equivalent of poker money

Oh ok, if that't the case, fund managers are usually there to mitigate risk. Since you want to maximize risk or gambling, just pick individual stocks. Get into options if you really want to YOLO.

 

[darthseinfeld]

Oh ok, if that't the case, fund managers are usually there to mitigate risk. Since you want to maximize risk or gambling, just pick individual stocks. Get into options if you really want to YOLO.

Honestly Im just curious if anyone else has used these automated services anywhere and what there experience has been. This AI/Automated investing wasnt a concept I was familiar with until a few months ago