Great, thanks for the review! 😎 I see another problem with robo-advisors that people often forget - 2 percent of uninvested cash! Sure, with 100 euros it's only 2 euros, but with 10.000 euros it's already 200 euros and that's a lot of money that doesn't work! 😳😁
Daaaamn Kai! You said you would do this video and you delivered! Thank yoy so much for this. I start watching now and i am sure i will enjoy my espresso as well! Thanks a lot again, your videos are so valuable!
Hi! Thanks for the content! We should also consider that the 0.75% fees are added to the t.e.r. of the individual ETFs that make up the portfolio, so the final cost is even higher.
Revolut starting to question and investigate your source of funding which is quite absurd since you have provided to your bank (regular bank) and flagged green and deposited to Revout safely, then a message tells you to provide documents to proof of your fund !!! that's something really not I was expected, beside that drawback, every feature on Revolut is quite good and smooth.
Waw you replied me so earlier, that’s interesting, and don’t regret following you 😅. Thanks for the advice. I sell it and it’s shown (unsettled sale proceeds) which I don’t know when it will be added to main dollar account to redraw.
Hi and no, you don't, though it seems not all account have access to it yet, but as I said, might anyways not be your best option. Check out Trading 212 Pies, might be better and cheaper 👌 Cheers
Hi Jeremy 👋 Thanks and also thanks for sharing your concerns! It's crucial to understand where your investments are held. Trading 212, like many brokers, uses a custodian to hold stocks on behalf of its clients. This is pretty standard in the industry. However, if you're uncomfortable, it's always smart to consider platforms where you feel secure and that align with your investment strategy. Always do what's best for your financial peace of mind! Cheers
You don’t understand anything to investment lol. You think you’re gonna make 10% on a month ? That doesn’t exist except in crypto! It’s a long term (5 years min) investment with average of 10% per year.
Great video! So many platforms are offering the same but with a different name. I think therefore robo is really misleiding what lead you to think AI have made a unbeatable portfolio for you. I lost lots of money on the same concept; the bonds when worthless because of the corona crises. This realised me; i really had to read a lot and this time do it myself. I try to choose for options now where they cost are nothing or very less.
Hi Danny, thanks a lot and fully agree with you. If everyone would follow the same robo it would not work, that's why I also prefer low cost index funds that I choose myself 👌 Cheers
Hi, just sell your shares, then click withdraw funds it will come to your main Revolut account and then you can withdraw it from there if you wish. Cheers
Robo-advisors are indeed popular with beginners due to their simplicity and ease of use, but they aren't exclusively for newcomers. These platforms automate many aspects of investing, like portfolio diversification, risk management, and rebalancing, which make them attractive to those with minimal experience who want a hands-off approach. However, many robo-advisors offer advanced features-such as tax optimization, personalized financial advice, and access to human advisors-that can appeal to more experienced investors looking to streamline and optimize their portfolios efficiently. So, while robo-advisors are beginner-friendly, they can also serve as valuable tools for seasoned investors aiming for efficient, cost-effective management without needing to handle every detail themselves. Cheers
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@@jpl-primalvideo7184 With what?😂
Great, thanks for the review! 😎 I see another problem with robo-advisors that people often forget - 2 percent of uninvested cash! Sure, with 100 euros it's only 2 euros, but with 10.000 euros it's already 200 euros and that's a lot of money that doesn't work! 😳😁
Great point and fully agreed 💯 Thanks a lot 🙏 Cheers
It works, you have passive income with euro 😎
Daaaamn Kai! You said you would do this video and you delivered! Thank yoy so much for this. I start watching now and i am sure i will enjoy my espresso as well! Thanks a lot again, your videos are so valuable!
😂😂😂 Love it, thanks a lot. You ask, I deliver 😉 Appreciate your support and hope you found it useful. Cheers 👋
Hi! Thanks for the content! We should also consider that the 0.75% fees are added to the t.e.r. of the individual ETFs that make up the portfolio, so the final cost is even higher.
Great point and yes, you are absolutely right 👌
Revolut starting to question and investigate your source of funding which is quite absurd since you have provided to your bank (regular bank) and flagged green and deposited to Revout safely, then a message tells you to provide documents to proof of your fund !!! that's something really not I was expected, beside that drawback, every feature on Revolut is quite good and smooth.
Hi mate and I totally feel you on this one, I also had the same happen to me which really surprised me to say the least. Cheers
Cheers mate! @@SmartMoneywithKai
subscribed to your channel , cheers mate!@@SmartMoneywithKai
Much appreciated George and welcome to the smart money community 👋
I have a question, is it necessary to link a bank account to revolut or can I use Revolut without linking it to a bank account?
Hi and absolutely you can use it without linking, I also don't link, I just send a bank transfer from my other bank to Revolut and use it that way 👌
@@SmartMoneywithKai nice to hear! thank you very much😀👋🏻
@@SmartMoneywithKai Thanks again hahah!! Cheers😁
@@ohj05 My pleasure, anytime 👋
Revolut is a bank here in Spain. When I’ve paid off a small debt to my traditional bank I’m going all in revolut.
This 0,75 % is only for using robo advisor or is it generaly like this in revolut???
Hi and no, it's just for the robo-advisor 👌
@@SmartMoneywithKai thanks 🙏
Waw you replied me so earlier, that’s interesting, and don’t regret following you 😅. Thanks for the advice.
I sell it and it’s shown (unsettled sale proceeds) which I don’t know when it will be added to main dollar account to redraw.
Great to hear that and my pleasure 🙌 Cheers
I have to be Ultra for the Robo-Advisor? I cant find into my app :(
Hi and no, you don't, though it seems not all account have access to it yet, but as I said, might anyways not be your best option. Check out Trading 212 Pies, might be better and cheaper 👌 Cheers
Great video but the big red flag is you don’t really own your stocks in Trading 212 so it’s a big no go for me !!!
Hi Jeremy 👋 Thanks and also thanks for sharing your concerns! It's crucial to understand where your investments are held. Trading 212, like many brokers, uses a custodian to hold stocks on behalf of its clients. This is pretty standard in the industry. However, if you're uncomfortable, it's always smart to consider platforms where you feel secure and that align with your investment strategy. Always do what's best for your financial peace of mind! Cheers
Just closed my account after 1 month. Don't bother. Max I saw was 1% gain, and most of the time it was on the negative
Hi and thanks for sharing, another reason to skip 😉👌 Cheers
what rist did you chose, i have the 3/5 one
You don’t understand anything to investment lol. You think you’re gonna make 10% on a month ? That doesn’t exist except in crypto! It’s a long term (5 years min) investment with average of 10% per year.
@@YauteAdventure If losing money is your thing, go for it. Again, always on the negative (and good market action happening at the time) no excuse.
@@ines2241 again, it seems you don’t have any knowledge so maybe investment is not for you. I’m positive on my side 🎉
Trade republic good for day stock trading special us stock ?
Hi and no, I would not use it for day-trading. Then better Interactive Brokers or Trading 212 with zero commission 👌 Cheers
And scalable capital?
@@BabarGondal-t5p Never used it as it's not available in my country.
Which one you use for day stock trading you have better experience tell me please hardly I don't decide
@@BabarGondal-t5p As I said, I don't do day-trading but if I did would use Trading 212 or Interactive Brokers 👌
Good advice and honest. Ty
Appreciate that 🙌
Great video! So many platforms are offering the same but with a different name. I think therefore robo is really misleiding what lead you to think AI have made a unbeatable portfolio for you. I lost lots of money on the same concept; the bonds when worthless because of the corona crises. This realised me; i really had to read a lot and this time do it myself. I try to choose for options now where they cost are nothing or very less.
Hi Danny, thanks a lot and fully agree with you. If everyone would follow the same robo it would not work, that's why I also prefer low cost index funds that I choose myself 👌 Cheers
Please how can I redraw my money from the Revolut invest?
Hi, just sell your shares, then click withdraw funds it will come to your main Revolut account and then you can withdraw it from there if you wish. Cheers
I cant access the projection tab after creating my robo advisor account, now i dont know how much to top it up monthly, is there no way to access it?
Hi, not sure, as I am not actually using the feature, in this case maybe shoot a quick message to their support. Cheers
@@SmartMoneywithKai thankyou sir!!
Revolut seems to be much expensive for trading.
Agreed, that's why I recommend other brokers like Interactive Brokers, Trading 212 or Lightyear 👌
Díky!
Oh wow, that's very kind of you Ales, much appreciated. Děkuji 🙏
Ty👍
🙌👋
Robo advisers are mainly for beginners with no experience
Robo-advisors are indeed popular with beginners due to their simplicity and ease of use, but they aren't exclusively for newcomers. These platforms automate many aspects of investing, like portfolio diversification, risk management, and rebalancing, which make them attractive to those with minimal experience who want a hands-off approach. However, many robo-advisors offer advanced features-such as tax optimization, personalized financial advice, and access to human advisors-that can appeal to more experienced investors looking to streamline and optimize their portfolios efficiently.
So, while robo-advisors are beginner-friendly, they can also serve as valuable tools for seasoned investors aiming for efficient, cost-effective management without needing to handle every detail themselves. Cheers
This guy talks so fast 😅
I think you may choose the robo advisor over me then 😂
I love that you talk so fast thxx!
Life is too short to wait 30 years for 65% ! I better risk it all in crypto and meme coins :))
😂😂😂 Good luck with that 😉🤞
@@SmartMoneywithKai honestly i had luck, 6 months ago i transformed 300€ in to 18.000€
Why do you talk so staccato?
Because I am (K)AI, the robo-advisor 😉