46 Comentários

1. I have fidelity go Roth IRA robo advisor. How I do drop them or switch over to a self managed Roth IRA.

2. This is a personal assumption based observation. Japan is a very conservative country. A lot of people who have the need to grow their wealth might not be educated well in building up their own portfolios. Not bias, but ordinary Japanese are also not known to be risk-taking and assertive in decision making. The so-called Robo-advisor fills well in that market niche: not charging as expensive as personal wealth advisor (human), while promising a return based on your risk level (much better than keeping the cash). The aging society also needs a lazy /no-fuss service like WealthNavi. A few clicks of buttons and there you go, watch your wealth grow (hoping). : )

3. I appreciate your advices. I will try to make my own decision about investments.

4. I appreciate Dan's sentiment that it's easy for someone to learn what robo advisors do. It not high tech or complicated but I think he does not understand the average savers unwillingness or inability to learn the things they need to invest in their own.

5. Don't rely anything? shit, I depend on you…

6. Great videos Mr.dan

7. You're jealous of the popularity of Robo-advisers, don't simply pass judgment

8. I would disagree. Some roboadvisors are good, like Kristal AI. They allow u to pick your ETFs (vanguard, invesco) in consumer sectors, green energy, technology, etc. Plus they charge zero commissions up to the first USD 50,000. So this won’t eat away ur investments

9. It's not 1% taken by the robo-advisors, but 0.5%, or maximum 0.75%, which is well highlighted when signing with them. It's not the same paying 2.5% to an investment advisor at your bank and 0.5% to the robo-advisor. With your investment advisor you will lose much more money. Not everyone knows about how and when to invest; also nobody who is conscious about his money will become dependent on the roco-advisors. The money are there to be withdrawn at any time if something better comes up. So, your opinions on robo-advisors are true only for you, which is not for everyone. Robo-advisors are a good choice for people who don't have the time to research and trade on the stock market and want to pay reasonable fees for having their assets grow.

10. One Robo advisor who may not be using AI doesn’t mean the real ones don’t. One robo advisor who charges 1% doesn’t mean all robo advisors charge 1%. Using just S&P returns over a certain selected period, doesn’t mean that’s the performance of all robo advisors. Analysis is over simplistic. You can do better.

11. @dan I invite you to a debate with a robo advisor in Singapore called Syfe. Will you take up the challenge??

12. Usually, Robo Advisors in the US are charging much less, somewhere around 0.10% to 0.75% and 1% is considered a lot in that market too. Having said that there are a lot of people who are reluctant to make investment decisions on their own, emotional bias being one reason, I don't think you saying I will tell you about ETFs and you can figure it out on your own is a solution for those people. They need to maintain and rebalance those portfolios, on their own. You need to take into account some people have no prior financial knowledge! and hedge funds and asset managers charge multiple percentages with requiring a big chunk of money as the initial investment deposit. I think for those who don't have sufficient knowledge to start and maintain a portfolio should start with low required capitals Robo Advisors especially the ones with saving and micro-investing features, there are some great solutions out there and far from being a "marketing scam". On the other hand, I agree with you that Robo Advisors are not AI, just some algorithms that use mathematical frameworks for assembling portfolios, e.g Markowitz's mean-variance, which by nature it's not complex at all. Thanks for the video.

13. I have rarely seen an opinion so wrong on so many levels. You cannot say robo-advisors are bad because your personal robo advisor is expensive. It is as silly as to say that cars are useless because a Ferrari costs a lot. Robo-advisors usually charge less than 1 percent per annum and they invest in cost efficient ETFs charging 0.04% to 0.50% per annum, which you would have to pay anyway if you do your own investments. I am not even talking about the transaction and custodian fees that the robo-advisor will usually absorb. And about the fact that the robo-advisor is dumb and won't be able to handle volatility like a Covid-19 crisis, it is the opposite. A proper robo-advisor buys without emotion when markets go down and trim when it goes up, whereas you will freak out and do the opposite. Unless you are a financial genius (like yourself I reckon), it is best to invest as passively as possible. Active money managers' track records speak for themselves. They are BAD. Just google Spiva reports and you will cry. Finally, robo-advisors are primarily for those who don't have enough money or the time to do financial planning and investments. If you have a lot of money, you can get your own advisor, which will often cost you more than a robo-advisor by the way and with not necessarily great results to say the least. And if you have no time and more important things to do than to put a portfolio together like most of us, you are better off with a robo-advisor. And, spoiler alert, you are not going to beat the market anyway. Or at least, it is crazy to make people believe that they can on a consistent basis. As always, do a minimum of due diligence before choosing a robo-advisor.

14. “I don’t care about money… buy my book”

15. I did a quick search since i don't remember robo advisors charging so much. I think 1% is an anomaly and definitely too high. Wealthfront offers an initial $10k managed for free, and then a 0.25% management fee. Betterment is roughly the same too. For those reasons, I think I only partially agree with your opinions. I think for some people, it is a good way to start investing without knowing too much and letting the algorithm take care of it for them.

16. I'd love to hear you debate this with a robo-advisor Chief Investment Officer like Freddy Lim of StashAway.

    I agree with some of your points.

17. What your thoughts on stashaway?

18. Thank you. Thank you. Thank you.

19. As an associate data scientist, I strongly agree with you.
    Even in other fields than investment, a simple approach based on human experience is often much better than a complicated machine learning model.
    Most machine learning techniques are primitive, and they can do no better than read small trends in past data.

20. pretty smart

21. Thank You!

22. you lose 1 %
    you lose knowledge to protect your money
    you lose a reason to learn what is happening in the world right now

23. The " good to be true" phrase you used around 9 min. reminds me a song " Can't take my eyes off you " . LoL

24. ダンさん、素晴らしい指摘です、私も、投資の勉強を学べない日本人でした、
    老人になってから、投資の勉強を始め次第、もっとも騙され易い年代、
    再度、人任せの投資は、全く無駄手数料とリスクは、全て個人に持たせ
    る運営会社が多いことを痛感しました。

25. Brave.

26. Thank you Dan-san as usual!! I can feel your passion always.
    No wonder you have such so many follower.

27. Everyone who invest Roboadviser,expect to trade automaticaly. But, it is just buy ETF,not to sell in any situations. It is easy to make portfolio yourself instead of Roboadviser.

28. Just a few facts to add: Jack Boggle in latest interviews embraced robo advisor and Vanguard has their own product with 0.3% management. Wealthfront has 0.25% management fee, so in this video provided number 1% clearly does not apply to US investors. While a hands on investor can (of course) make more money, Wealthfront product with Risk score 10 has proven to be a cheap reliable way to ride the markets for the past 3 years (it includes tax loss harvesting or tax gain harvesting for investors with 100k plus). It is a force to be acknowledged rather than using capital letters such as " BIG MISTAKE ". They also have an incentive program and an investor can therefore pay significantly less than the 0.25% fee.

29. I really appreciate your kindness.Your advice is so helpful for me.
    Please excuse my English.

30. I happened to learn about investing while learning how to manage my money and start investing in small amounts. By investing, I got to know the flow of money and think a lot about what investors and people are thinking. I found it as interesting as making a profit. I don't want to let Robo-advisors take the fun away from me. Thanks for reminding me of this today. And now that I've started watching your videos, I'm thinking that maybe the financial literacy will improve this time around.

31. 投資は自己責任を学ぶ場ですよね This is why I like your channel. You always talk about self responsibility.

32. I just opened the new account and have noticed that they asked if I wanted to do it myself or robo advisors. I was like No Way! to robo advisors.

33. such a great video with love and insight.

34. Why is this video not popping up on my notification? Is this censored by YT?

35. I like your spirits not taking any back-up from any sponsors, especially from institutional investors. That is why your advice and idea on your vids seem sharp and clean, and they are honest and helpful to trading beginners. I enjoy spending one hour daily to watch all your vids, including the Japanese version, to learn your trading technique 🙂

36. wow I can’t thank you enough Dan. Some of my friends use them but I was just scared, now it’s clear I won’t need the robot to build my wealth. You’re right, Automated investment makes you blind & numb, you stop thinking for yourself and That’s giving up control of your own assets/life, throwing away the opportunity to learn and grow. To me, the knowledge and skills I gain from studying and practicing what I learn is more precious – my wholehearted thanks to you for your dedication to education and capacity building of the people. (sorry for my lengthy comments but I really appreciate your effort!)

37. I completely agree.

38. oh .. It's rare ,Dan you said..
    It's a big problem what a group, organization, or company.

39. Thank you, Dan.
    I agree!

40. Good advice!

41. I felt your passion here.

    One thing I can tell you is…
    Who do you trust?
    this is clear. Believe in yourself.

42. Come on Dan san – Please tell us how you really feel. 🙊
    All the best from the UK. 👍

43. Another disadvantage of Japanese robo adviser is that they hold ETF based on USD and JPY only. USD is weakening and JPY is also worrisome considering the astronomical debt to GDP ratio. I want to hedge my asset to other currency as well such as HKD, CNY and others. also, I’m not sure if this is a good example of robo, but Renaissance Technology, one of the best known ALGO invest company, lost 20% this year. I’m up this year in total. I’m better than Renaissance. I’m drinking wine tonight. Thank you for your great advice, Dan-san. I will follow you forward.

44. Thank you Dan!!!!!
    We feel your love for people.

45. i couldn't agree more!

46. Great analysis.
    Related story- Mike Green lays out a compelling case for a passive investing bubble. Explains mathematically why prices get distorted.
    https://youtu.be/A9l6Le5ESIE