someday hopefully I will have money to invest and while I like the guy with the rolex watch trying to hustle me…I will take the robot too!
http://www.bloomberg.com/news/articles/2016-02-05/the-rich-are-already-using-robo-advisers-and-that-scares-banks
I prefer to make/lose money on my own, don’t feel the need to pay a person or a computer to do it for me. That way I have no one but myself to blame if things go badly, or take credit when they go well.
mamabear if I had extra cash, after I paid off all my debt…I would keep it in the bank even at .01% interest just because I would not gamble with what I have. (will I come out behind in the long run??..probably but I know I need not worry about not having the money when I need it )
PenFed credit union has CDs now paying the princely sum of 1.55% interest for 15 months.
I follow that same logic, but unlike folks with a “broker”, I have nobody to sue when something goes bad.
If you do that, you are guaranteed to lose to inflation. You won’t lose the number of dollars you have, but you will lose their buying power.
Real estate has its own risks–bad tenants, fluctuating market and rental values, expensive maintenance, liability and more. Rents can rise with inflation, though, which can help. Good property managers can really help with reducing some of the headaches, but they tend to get 10% of gross rental + extra expenses around here.