Money Feels 44: Self Directed Investing vs. Roboadvisors
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Nov 2, 2023 In this episode, Alyssa and Bridget discuss the advantages of self-directed investing versus relying on robo advisors. They also explore the impacts of stock market crashes and recoveries, and compare bonds to equities. The speakers emphasize the importance of personalized investing, risk tolerance, and understanding the relevance of age. They highlight the benefits of self-directed investing and provide resources for further exploration.
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Bridget's Tennis Journey
- Bridget upgraded her tennis racket after improving her skills since July.
- She plans to play both beginner and intermediate classes, showing her serious commitment.
Benefits of Self-Directed Investing
- Self-directed investing offers the best chance for long-term financial growth by avoiding high fees.
- Prioritize learning investing skills and emotional discipline to succeed with self-directed investing.
Time Commitment for Investing
- Learning to invest takes a few months to a year but eventually requires only minimal time for maintenance.
- Regular portfolio check-ins can be as brief as 10 minutes a month or quarter after setup.