❤️The Assistant We've Always Wanted

Welcome to the 50th edition of ፍራንክ Digest!

Your weekly brief on all things Finance and Investing. Quick, enjoyable reads for busy professionals in 5 minutes or less.

Here’s what’s coming your way:

• 🚕 Robo-Advisors Have Been Around Longer Than Robotaxis!

•  🤞Financing The Life You Desire

• 🗝️ The Key Takeaways

Thanks for reading!

Robo-Advisors On The Rise

Investing

Now, before your mind starts picturing robots fighting on the stock exchange floor, like some sort of Roman gladiators, let’s break it down. 

A Robo-Advisor is pretty much a digital platform that uses አልጎሪ… ዝም to help manage your investments. Just like a super-smart assistant doing the heavy lifting when it comes to your portfolio.

What Exactly Does a Robo-Advisor Do?

• Advice Based on Cold, Hard Data: It doesn’t go off gut feeling or hunches. Instead, it bases its advice on historical stock behaviors, company fundamentals, and market data.

  Removing all the guesswork and helping you make more informed decisions, minus the stress. 

• Low Fees & Easy Access: You’re not paying for a sleek office with plush chairs and free coffee. Robo-advisors usually charge way less than traditional financial advisors.

  And the best part? There’s often no or very low minimum investment requirements, so whether you’ve got a lot of cash or just a little, you can still get in on the action.

• Personalized Portfolio: You fill out a survey about your financial goals and risk tolerance, and boom—your portfolio is tailored to your needs. Plus, with AI now, it can text or even talk to you in Gen Z Habesha slang… ምንሼ

• Convenience at Its Best: Setting up a robo-advisor is as easy as ordering your favorite burger. No need for a meeting with some high-powered broker in a fancy suit.

  The AI tool won’t recommend any investments that don’t match your stated risk appetite. And it definitely won’t trade on its own without your consent.

What Should You Think About Before You Jump In?