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How is the performance of a robo-advisor compared to traditional advisors?
Curious about robo-advisor
The performance of a roboadvisor compared to traditional advisors depends on various factors such as the quality of the investment algorithms, the range of investment options available, the fees charged, and the investor's individual goals and risk tolerance. While roboadvisors have grown in popularity due to their low cost and convenience, traditional advisors may offer more personalized advice and the ability to tailor investment strategies to individual needs. Ultimately, the best approach may depend on the individual's financial situation and preferences. It's important to carefully evaluate the performance of any investment advisor, whether traditional or roboadvisor, before making a decision.
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