Invest with a Fidelity RoboAdvisor? FIDELITY GO FULL REVIEW (2021)
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- เผยแพร่เมื่อ 14 ต.ค. 2024
- In this video we are talking about Fidelity's Roboadvisor, which is titled Fidelity GO. The Fidelity GO Roboadvisor is a unique value play with Fidelity that seeks to brin new investors in the door, BUT is it a smart choice? We will cover the Fidelity Platform in this video.
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Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
I'm so new at this, always had my employer invest for me. Now as an independent contractor and needing to figure out retirement on my own, so grateful I've found you! Love the quick no BS breakdowns!!
Joe, you should make a step by step tutorial on how to set all of this up with a Roth account without the aid of the robot advisor. It would be much appreciated by us average joes.
Thank you for the video! I changed my Fidelity Go portfolio to the highest growth available, I'm a beginner investor (about $3k invested) and I don't know a lot about investing yet. I didn't realize that the high percentage of bonds was a bad thing.
Bonds are low risk investment... 18 to 35 yrs old imho you should say "fuck risk" get in 100% stocks
I’m new to investing and so I appreciate you taking the time to make videos like this. Very helpful.
GLAD TO HEAR IT! 👍🏻😎 THANK YOU for watching and for leaving your $0.02 in the comments!!
Have used Fidelity Go since August 2020 for both my traditional and Roth IRA. No complaints so far.
@MAC LeVa switched over to managing my own Roth IRA. After learning a lot about investing, fidelity go just does not cut it for me anymore as it is not aggressive enough. Too much emphasis on Bonds even at most aggressive. I prefer to keep my bonds less than 5% instead of 15% like it is with fidelity go.
When I set up my Roth IRA even the advisor I talked to said go stock heavy. I was on the side of having more bonds (wanted a “diverse” portfolio), but after seeing a year of growth in this economy I see why.
All I can assume is they crafted the Robo Helper software to play it extremely conservatively as people would not be talking to an actual human at Fidelity.
Interesting perspective Bruce. That could be true. It definitely depends on your investing timeframe. If you are 20 years old and you need the money at age 59.5 you really cant justify being in bonds...On the flip side, if you are within 10 years of retirement your investing mindset needs to be just as focused on principal protection as it is on growth. THANK YOU for watching Bruce and for leaving your $0.02 in the comments! 😎👍🏻
Most of the new investors lack knowledge that’s why fidelity it’s giving them a security blanket. A way to invest at a very minimum risk. You as an experienced investor know that’s not the best strategy but as a new investor not knowing anything about the market it’s kinda scary.
Thanks so much for this GREAT video! I've been researching Fidelity's investment options, including their Fidelity Go offering, and had the EXACT same questions and reservations that you did - so I'm glad it's not just me! I've been watching lots of finance & investment videos lately and have found yours some of the most insightful and entertaining - so you've got a new subscriber in me. Keep up the great work!
AWESOME CHARLES! THANK YOU so much for joining the Average Joe Investor community! 👍🏻😎 Please let me know if you ever have any questions, concerns or feedback for me!
I like my GO account, in the green so far 👍🤙. It’s free up till $10,000 and after that it’s only $3 a month which doesn’t seem to bad
i hope you dont mind me asking, just getting new and thinking about opening up putting money every month, do you still believe it is worth it/ are you glad you did it 7months ago?
How is your overall success with Fidelity going now? Years later?
I subscribed! Great video. I wanted to ask if I currently have a fidelity go account that will be passing 10,000 soon should I get out of fidelity go and try and do it myself? I am in my early 20’s. Thank you!
I'm happy that I just discovered you, and your excellent/informative videos. Your take on Fidelity's robo advisory service (and robo advisors in general) is very helpful. As a former professional corporate presenter, I would humbly advise you to slow down your rate of speech just a bit. Nonetheless, you are offering excellent content!
I'm 56 and i opened this account along with a Roth with Fidelity in June. I manage my own Roth with Mutual Funds i want. I did do the Go account using the balanced with 50% Bonds. I did the 52 week Challenge and im adding 10 bucks extra a week. The Go account is basically for me to save money. The returns even with the bonds are better than a regular savings account or a MM account. The Roth is for my retirement
I have Fidelity and was wondering about this feature. Thanks for reviewing it!
YOU BET! THANK YOU for watching and leaving your $0.02 in the comments! 👍🏻😎
I subscribed! Ive been listening to your reviews for the past month and your hard work worth my subscription. God bless and stay blessed!
AWESOME TYREE! Thank you so much for joining the Average Joe Investor community and for your feedback!! Please let me know going forward what investing topics you want to learn more about as well as any feedback/questions you have!
Subscribed! Love the info. Thanks!
your videos have helped me a lot. i didnt know shit about investing till i found your channel....... thank you
AWESOME! Thank you for that feedback! 👍🏻😎
While trying to build passive income and prepare for retirement, It’s important to choose stocks that are expected to hold up in inflationary environments. To combat the negative effect of inflation, it’s a good idea to diversify your portfolio across different asset classes, such as stocks, bonds, and real estate, since this can help protect your portfolio against inflation. I have seen people making up to $800k in a month during high-inflation
One strategy is to invest in assets that perform well during inflation. Another strategy is to focus on companies that have the ability to pass on price increases to their customers. It's also important to maintain a diversified portfolio. It may be a good idea to speak with a broker who can help you develop a customized investment strategy based on your individual goals and risk tolerance
@@harrisonjamie794 I used to manage my stock portfolio by myself, all that time I did not make any significant returns (but also did not suffer losses). Then out of nowhere 2008 happened, and I lost 50% of my savings in a very short period. That prompted me to hire an FA, Since then I have been learning a lot about the stock market and I have made up to $500k in returns
@@BrunoLuke I've been thinking of going this route of using an advisor. Could you suggest yours?
@@harrisonjamie794 I personally work with *KRISTIN GAIL CUNNINGHAM* She covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, and ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her
@@BrunoLuke Thank you, I just checked her out and I have sent her an email. I hope she gets back to me soon.
Just opened my Roth IRA yesterday, your Chanel really helped me to understand. I still has a lot to learn about investments. Thanks.
AWESOME! Way to get started!! =) THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
Hi! New to the channel. I just open my daughters (16) Roth IRA your videos are amazing! I’m a complete beginners. Not sure where to start but I see the light at the end of the tunnel here!❤
I subscribed! Already opened my Fidelity Go account but I came to your video because I know nothing about investing and I need guidance! I don’t know what my next steps should be
9% VHT - health care index
9% VPU - utilities index
9% VDC - consumer staples index
9% VAW - materials index
9 % VGT - information technology index
9% DGRO - ishares core dividend
9% BND - total bond index
9% VUG - growth index
9% MSCI - MSCI
9% SHW - sherwin williams
9% CASH
Ummm
Love fidelity! I started investing with fidelity go but the returns weren't so great. I took most of the money in that account and move it into a personal and ETF I picked are doing a lot better.
Are you able to share what etfs / funds. Im new to investing. Recently invested in a warehouse reit... looking to learn from other investors journey
@@evaeva-ju5pd long term investing into ARKK and ARKQ
@@360undead thank u. I've recently started following Cathie Wood ..
@@evaeva-ju5pd Good luck, but ARK only speculates an has been lucky with tesla, I wouldn't call it investing
@@lordraja297 thanks for the advice
Hi Joe - I subscribed! Is there a breakdown/percentages in investments that you recommend for those of us that many years before needing the money? What should be the investment mix?
I’m totally new at investing and I want to start .. Based on what you mentioned, What robot advisor would be better than fidelity Go ?
Just came across your channel. So I see that fidelity go now has All Equity 100% stocks. Thoughts or do you already have a video on this?
Thanks for the walkthrough. Was thinking of splitting my initial investment between the robo advisor and choosing for myself. Is it safe to assume that if I choose retirement for the robo advisor I can still withdraw at anytime?
I am also wondering this
Just curious but is the Personalized Planning and Advice worth the additional fee? I don't particularly like the Robo Investor but I don't 100% know what I'm doing so paying someone to do it with me could be beneficial. Just wondering what your thoughts were on the upgraded plan. Thanks!
I have been looking for this review for quite some time and I am so glad you talked about it in this video. I have the same issue with Fidelity Go other than that no complaints.
How long does it take fidelity go to invest the money once it has it? My cash got deposited on tje 20th and I've heard nothing back and see no changes.
Thank you so much! I absolutely appreciate how you talked about the proposals they gave - puts things into perspective :)
YOU BET! Thank you for watching and for leaving your $0.02 in the comments! 👍🏻😎
Could you do the same review with m1 finance, acorns, wealthfront and betterment!!!, on a side not do you think is prudent in a roth ira or general investing account to have both MGK and VOO or just one or the other?
I subscribed after passing your videos by plenty of times. The algorithm finally caught up with me. I say this with the up most respect.
My question is about Fidelity Go. Can in opt out after a year ir so and not may the monthly? Listen i know $3 a month is nothing but i want options. As im writing im looking at your video and my feelings exactly.
Even target dates have you in 10% bonds minimum. To be fair rate of return becomes miniscule between 85% equity to 100%. I guess they are mitigating risk.
Great info, just 1 question can you at any point in time take your money out of this fidelitity go ?
Im pretty sure you have to close the account to get your money out.. Best to go to Fidelity’s site to get your answer
So with the Fidelity Go, should we move it to the regular Roth IRA once we see we’re reaching $10k?
Yes
I like the walkthrough on set up and advice. Thanks!
I subscribed. Does your website show how to pick stocks, index funds, etc?
Excellent video as always !I’m patiently waiting for that college fund video .like I said before looking into opening up Roth IRA in my wife’s name for my daughters college fund . I have done all my DD I’m just interested about hearing your insights.My wife asked me this morning if I would do it today I said no I’m waiting on a TH-camr 😂
HAHA, just say your money guy! lol I am working on it and may have it out next week. THANK YOU for watching John and for leaving your $0.02 in the comments! 😎👍🏻
I subscribed. Thanks for your insightful videos!
just open my Roth and your content is priceless tbh
THANK YOU for that feedback. I appreciate it! THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
Love Fidelity!! ❤️
THANK YOU For Watching and for leaving your $0.02 in the comments! 👍🏻😎
I went with fidelity go roth ira because I'm really really new at this...mine is the 85% stocks. They did say you can transfer to a regular roth ira when I'm ready...which might take a couple of years
Why would it takes a couple of years?
I subscribed. Can you review betterment pls. Is it a good and profitable platform? Thanks!
I’m looking to set up another retirement fund. I’m looking for an app I can download and throw many into the account every week, monthly and such. What company do you recommend? I will be using a robo advisor. What app I can download to my phone? Just looking for an easy friendly app and a great overall way to generate more money for our retirement.
New here . Can I change the options after I signed up.for fidelity go.
What’s the difference between target date and fidelity go? Ive been investing on my own the last 3 years but it hasn’t grown much.
I have fidelity go IRA, I'm 57 yr. old. My portfolio is 61% stock fund and 39 % in bond fund. Do I need to change it? I need your advise.
Can I get your opinion on something - What bond % alloc would you actually invest in at your age? 11:10 It seemed like you would mirror the investment allocations and completely eliminate the bond investments, correct? I thought 15% was a good cushion for someone under 30, is that too much?
ive been investing for half a year and i was curious about this. thanks for clearing this up!
Thank you for that video. Just suscribed.
I'm 57 how much percent stock should be on my portfolio. Planning to retire at 62 as early retirement. And if I'm going to retire at 67 how much also percent stock in my portfolio ? Please help me.
Hey joe I just was about to open a fidelity go account when I came across this video , what they introduced me to have investment of 60 percent stocks, 20 percent Foreign stocks, 15 percent bonds and 1 short term , i just turned 20 and wasn’t to invest for my future therefore what do u think about this
So the lesson for me in setting this up for my teenagers (who just started to work) is to select risk level 10, correct
I want to thank you guys for your comments, its sad i have to come all the way on youtube to get actual consumer reviews it seems like all sites arent personalized
Just got ride of bonds with my fidelity go acct. Thanks
I loved your video. I felt like it created a balance perspective. Thanks.
Does this service work well for a married couple? I currently have a Roth & Traditional IRA.. and my wife has a Roth. Will the service manage all of these accounts under one retirement goal? If it doesn't, then it seems worthless to me since we are planning for OUR retirement, not just mine or hers.
I subscribed and made money listening to your advice.
AWESOME GEORGE! THANK YOU for joining the Average Joe Investor community! 👍🏻😎
Thanks for the review. Can you do a review of Charles Schwab’s Intelligent Portfolio Robo Advisor? Thanks.
Hi Joe when you said in this video about you would get rid of the bonds altogether, would you please explain it a little more. Like how would you get rid of the bonds?
Sorry for not being clear Ruth. What I meant was I would not use Fidelity GO. Instead, I would invest in 100% stocks through an indexed mutual fund(s) and ETF's that do not include bonds. Again, that was specific to the scenario where I had a LONG timeframe to invest. An individual who has less than 10 years to retire may need to be careful to protect their principal depending on their situation and take on less volatility or risk. Hope that is sufficient to clarify the issue. THANK YOU for watching Ruth and leaving your $0.02 in the comments! =)
@@AverageJoeInvestor ok thank you for your feedback. I am 55 and a beginner investor so with that being said, I do have some bonds but I also have ETFs as well in my retirement portfolio. Would you have any more suggestions for me to learn?
Thank you for making this video yes now I know I can get a better deal doing the investment myself I’m paying a robot to do what I can do myself thanks to your video
is there a video on Betterment or M1Finance to see if they are better? if not..i can just search on youtube
Oh no, I chose conservative. It's Saturday, but can I change my allocation with the FidelityGo later?
Also, I subscribed!
And if it will you tell me how it manages cash management account and will it help me manage my money
I'm in my 7th decade and man I wish I had this opportunity at your age. I'd be much better off
Bonds aren’t a bad idea currently at least short term bonds. Long term I am currently on the fence for buying.
Same with TSP’s lifecycle funds. They start out with too much in bonds and government securities.
THANK YOU for watching Billy and for leaving your $0.02 in the comments! 😎👍🏻
I realize I'm kind of randomly asking but do anybody know of a good place to stream new tv shows online ?
@Ahmir Nolan i use flixzone. Just google for it =)
@Ahmir Nolan Lately I have been using flixzone. Just google for it :)
Interestingly, even at a risk profile of 10, it puts you into less stocks and more bonds compared to the Fidelity Freedom 2050 Fund (i.e. the TDF for your age group).
I wonder if it's a simple algorithm that comes up with it or is it using market data and news to predict future conditions... Probably not that smart, right?
Those allocations are bonkers!
Haha, THANK YOU for weighing in and for leaving your $0.02 in the comments! 👍🏻😎
If you do it yourself how would you do a rebalance ?
My favorite is dividend paying stocks in great companies with a good Cagr at any age.
ME TOO BILLY! Average Joe HEARTS Dividend Stocks! =) THANK YOU for watching Billy and for leaving your $0.02 in the comments! 😎👍🏻
Is there any index fund with dividen paying stocks only?
A robo advisor does things that you're not willing or able to do on your own. If you're "set it and forget it" and choose not to increase your knowledge, you'll get what they give you. I don't share the OUTRAGE about the bond allocation. You could drop all your cash into 100% stock if you wanted to do so. Instead of that you gave Fidelity the responsibility to act on your behalf.
That's a fair point Steve. I guess my issue with the set-up is IF they are going to ask you about your risk tolerance and IF they allow you to choose 10 out of 10 I personally believe that there shouldn't be that bond allocation, especially if they disclose they are in their 20's. Just my $0.02 though. THANK YOU for watching Steve and for leaving your $0.02 in the comments! 😎👍🏻
Subscribed!
I subscribed and love fidelity as well
I 100% agree anyone with such a long term investment horizon should be 100% stock!!! Owning bonds is a joke at that age
I will be bond free forever
Me too! THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
Put more percentage on the bonds may be during the stock market is inevitable fluctuation
They are a commercial business. They want to make sure they do not impact their reputation by putting CRAZY calibrations. If you really want to get into it, it's best to DO YOUR OWN RESEARCH and get a mentor etc.
That's awesome Joe
is rebalancing a taxable event if its not a retirement account?
yes
I subscribed.
What % should I invest in Bonds if I'm in my 30s?
GREAT QUESTION MANUEL. Whenever we think about HOW we are going to invest we need to FIRST think about 2 important considerations: #1 What are my goals/objectives and then #2 What is my investment time horizon. We need to have clarity there first. Hypothetically, if your goal is to maximize your retirement portfolio AND you have 15+ years before you need the money then I would personally have NO MONEY in bonds. If you needed the money in less than 5 years then we would be more concerned with protecting the money you already have and would consider short-term investments, cash and bonds as part of your investment strategy. I hope that helps a bit Manuel. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
Thanks for this video!!!
YOU BET DIANA! THANK YOU for watching and for leaving your $0.02 in the comments! 👍🏻😎
Nice video 😊 fidelity 🤔not sure about it 😬
THANK YOU for that feedback! I appreciate it! =) THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
I don't put money in bonds , they never seem to make any money. Even during good market times.
subcribed!
AWESOME ANGELA! Thank you so much for joining the Average Joe Investor community! Please let me know going forward what investing topics you want to learn more about as well as any feedback/questions you have!
I SUBSCRIBED!
I subscribed!!
AWESOME YUBA! Thank you so much for joining the Average Joe Investor community! Please let me know going forward what investing topics you want to learn more about as well as any feedback/questions you have!
I SUBSCRIBED.
AWESOME RONALD! Thank you so much for joining the Average Joe Investor community! I apologize for the delayed response but some of these comments slipped through the cracks. Please let me know going forward what investing topics you want to learn more about as well as any feedback/questions you have!
SUBSCRIBED
Subscribed
Excellent
THANK YOU Ken! I appreciate that feedback! =) THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
I subscribed
Nice Video
THANK YOU for that feedback Jo! I really appreciate it! =) THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
My go account has me at 100% stocks now. Im 43yo
I Subscribed
AWESOME TOM! Thank you so much for joining the Average Joe Investor community! Please let me know going forward what investing topics you want to learn more about as well as any feedback/questions you have!
Joe I have a fidelity go 49!year old and after watching this I will close it ☹️
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