#10: We talk about the pros and cons of using a robo advisor. Are the advantages of automating your portfolio management worth the costs and downsides? What you’ll learn in this episode: What are robo advisorsPros and consHow much robo advisors cost in feesWhat parts of your portfolio robo advisors don't work forHow to think about robo advisors vs. human financial advisorsUltimately, should you use a robo advisor? Links mentioned in this episode: VanguardList of robo advisorsTax loss har...
Om Podcasten
As a lawyer / engineer / MBA, how can you achieve FIRE (financial independence, retire early) rapidly to quit the rat race, pursue your passions, and live life on your own terms? Andrew Chen – founder of the Hack Your Wealth Blog and lawyer, financial expert (CFA graduate), and tech industry veteran – shows you strategies and tactics to (1) earn, (2) save, (3) invest, and (4) protect as a high earner so that you can build massive wealth and create a portfolio that’s a FIRE machine. Through solo lessons, expert interviews, and side hustle profiles, you’ll learn about tax strategies, retirement account optimization, asset allocation & rebalancing, passive income (real estate investing, side hustling, online business, digital nomading), family finances (e.g., strategizing college education costs), travel hacking, estate planning, and career transitions. Andrew podcasts about the big picture concepts, then adds step-by-step implementation guides downloadable from the Hack Your Wealth website to help you FIRE strategically, methodically, and rapidly.