Capital magazine tested 39 robo-advisors in the period June 22 - June 24. None of them were able to beat the S&P 500, Nasdaq 100 or MSCI World in this period. ETFs performed much better and are significantly cheaper. These advisors performed similarly poorly in the last test.
For comparison (12-month average June 22 - June 24)
+23.8% Nasdaq 100
+17.1% MSCI World
+14.2% S&P 500
Many advisors were not even able to beat inflation during the test period. Big promises, high fees and nothing behind them. ETFs win.
>> What experiences have you already had with robo-advisors? Opinions?
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