In this video we are talking about Fidelity’s Roboadvisor, which is titled Fidelity GO. The Fidelity GO Roboadvisor is a unique value play with Fidelity that seeks to brin new investors in the door, BUT is it a smart choice? We will cover the Fidelity Platform in this video.
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Investing can be a daunting task for many individuals, especially for those who are new to the world of finance. With numerous investment options available, it can be overwhelming to navigate the complexities of the market and make informed decisions about where to allocate your hard-earned money. However, Fidelity Investments, one of the largest and most trusted financial services companies in the world, offers a solution to this problem with its Fidelity Go RoboAdvisor.
What is a RoboAdvisor, and how does it work?
A RoboAdvisor is an automated investment platform that uses algorithms and computerized models to manage and optimize your investment portfolio. It is a cost-effective and efficient way to invest, as it eliminates the need for a human financial advisor and can provide personalized investment recommendations based on your individual financial goals and risk tolerance.
Fidelity Go is Fidelity’s RoboAdvisor platform, which offers a hassle-free way to invest in a diversified portfolio of low-cost exchange-traded funds (ETFs). With a minimum investment of just $10,000, Fidelity Go is accessible to a wide range of investors and can be a great option for those who are looking for a hands-off approach to investing.
How does Fidelity Go work?
To get started with Fidelity Go, you will need to answer a series of questions about your financial situation, investment goals, and risk tolerance. Based on your responses, Fidelity Go will create a personalized investment plan tailored to your individual needs. The platform will then automatically build and monitor your portfolio, making adjustments as needed to keep your investments in line with your goals.
One of the key benefits of Fidelity Go is its low fees. The platform charges an annual advisory fee of just 0.35% of your account balance, which is significantly lower than the fees charged by many traditional financial advisors. Additionally, the ETFs used in Fidelity Go’s portfolios have low expense ratios, helping to keep overall investment costs down.
What are the advantages of using Fidelity Go?
There are several advantages to investing with Fidelity Go. Firstly, the platform provides a simple and straightforward way to invest, making it a great option for individuals who are new to investing or who prefer a hands-off approach. Additionally, Fidelity Go’s low fees and automated investment management can help investors save money and reduce the time and effort required to manage their portfolios.
Fidelity Go also offers a range of investment options, allowing investors to choose from a variety of portfolio strategies based on their risk tolerance and investment preferences. The platform provides transparency and visibility into your investments, allowing you to track your portfolio’s performance and make informed decisions about your financial future.
Is Fidelity Go right for you?
While Fidelity Go offers many benefits, it may not be the best option for everyone. If you prefer to have more control over your investments or want personalized financial advice from a human advisor, Fidelity Go may not be the right fit for you. Additionally, if you have a high net worth or complex financial situation, you may benefit from working with a traditional financial advisor who can provide more tailored investment recommendations.
However, for those who are looking for a low-cost, automated investment solution, Fidelity Go can be a great option. The platform’s user-friendly interface, low fees, and personalized investment strategies make it a compelling choice for many investors. If you are considering investing in a RoboAdvisor, Fidelity Go is certainly worth exploring as a potential option for your investment needs.
Put more percentage on the bonds may be during the stock market is inevitable fluctuation
And if it will you tell me how it manages cash management account and will it help me manage my money
CAN Fidelity Go help me manage my cash management account
I 100% agree anyone with such a long term investment horizon should be 100% stock!!! Owning bonds is a joke at that age
While trying to build passive income and prepare for retirement, It’s important to choose stocks that are expected to hold up in inflationary environments. To combat the negative effect of inflation, it’s a good idea to diversify your portfolio across different asset classes, such as stocks, bonds, and real estate, since this can help protect your portfolio against inflation. I have seen people making up to $800k in a month during high-inflation
I'm 57 how much percent stock should be on my portfolio. Planning to retire at 62 as early retirement. And if I'm going to retire at 67 how much also percent stock in my portfolio ? Please help me.
Thanks for the walkthrough. Was thinking of splitting my initial investment between the robo advisor and choosing for myself. Is it safe to assume that if I choose retirement for the robo advisor I can still withdraw at anytime?
Thank you for making this video yes now I know I can get a better deal doing the investment myself I’m paying a robot to do what I can do myself thanks to your video
Hi! New to the channel. I just open my daughters (16) Roth IRA your videos are amazing! I’m a complete beginners. Not sure where to start but I see the light at the end of the tunnel here!❤
2 minutes in and I have only learned about how you beg us for likes and subscriptions but don't talk about the product itself.
Bonds aren’t a bad idea currently at least short term bonds. Long term I am currently on the fence for buying.
I like the walkthrough on set up and advice. Thanks!
They are a commercial business. They want to make sure they do not impact their reputation by putting CRAZY calibrations. If you really want to get into it, it's best to DO YOUR OWN RESEARCH and get a mentor etc.
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I want to thank you guys for your comments, its sad i have to come all the way on youtube to get actual consumer reviews it seems like all sites arent personalized
I'm happy that I just discovered you, and your excellent/informative videos. Your take on Fidelity's robo advisory service (and robo advisors in general) is very helpful. As a former professional corporate presenter, I would humbly advise you to slow down your rate of speech just a bit. Nonetheless, you are offering excellent content!
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I subscribed. Thanks for your insightful videos!
Interestingly, even at a risk profile of 10, it puts you into less stocks and more bonds compared to the Fidelity Freedom 2050 Fund (i.e. the TDF for your age group).
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I subscribed.
How long does it take fidelity go to invest the money once it has it? My cash got deposited on tje 20th and I've heard nothing back and see no changes.
I subscribed! Already opened my Fidelity Go account but I came to your video because I know nothing about investing and I need guidance! I don’t know what my next steps should be
Not worth the bonds unless you 50+.
Subscribed!
Can I get your opinion on something – What bond % alloc would you actually invest in at your age? 11:10 It seemed like you would mirror the investment allocations and completely eliminate the bond investments, correct? I thought 15% was a good cushion for someone under 30, is that too much?
I'm so new at this, always had my employer invest for me. Now as an independent contractor and needing to figure out retirement on my own, so grateful I've found you! Love the quick no BS breakdowns!!
I don't put money in bonds , they never seem to make any money. Even during good market times.
Does this service work well for a married couple? I currently have a Roth & Traditional IRA.. and my wife has a Roth. Will the service manage all of these accounts under one retirement goal? If it doesn't, then it seems worthless to me since we are planning for OUR retirement, not just mine or hers.
ive been investing for half a year and i was curious about this. thanks for clearing this up!
I’m totally new at investing and I want to start .. Based on what you mentioned, What robot advisor would be better than fidelity Go ?
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Hey joe I just was about to open a fidelity go account when I came across this video , what they introduced me to have investment of 60 percent stocks, 20 percent Foreign stocks, 15 percent bonds and 1 short term , i just turned 20 and wasn’t to invest for my future therefore what do u think about this
I subscribed after passing your videos by plenty of times. The algorithm finally caught up with me. I say this with the up most respect.
My question is about Fidelity Go. Can in opt out after a year ir so and not may the monthly? Listen i know $3 a month is nothing but i want options. As im writing im looking at your video and my feelings exactly.
I loved your video. I felt like it created a balance perspective. Thanks.
So the lesson for me in setting this up for my teenagers (who just started to work) is to select risk level 10, correct
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I subscribed!!!!
If you do it yourself how would you do a rebalance ?
What's this jabronis problem with bonds? Lol imo that's what fidelity does best. For goodness sake bro there's plenty of robo advisors out there that just pick stocks. Then again you could just throw darts at the wall with your eyes closed. Your actually at the perfect age for some hedging (which is what is sounds like your going to need bro). Load up and gold and silver while you watch the stock market collapse. LETS GO BRANDEN!
I will be bond free forever
9% VHT – health care index
9% VPU – utilities index
9% VDC – consumer staples index
9% VAW – materials index
9 % VGT – information technology index
9% DGRO – ishares core dividend
9% BND – total bond index
9% VUG – growth index
9% MSCI – MSCI
9% SHW – sherwin williams
9% CASH