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Updated about 3 years ago,

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Robo-advised Roth IRA or Self Directed??

Posted

I am 20 years old and I want to dip my toes into investing. I want to start with a Roth IRA because that fits my income and plans for right now. I have narrowed it down to using Fidelity, but I am not sure if I would be better off using the self-directed version or the robo-advised account. The robo-advised account has low fees ($0 for accounts under $10,000, which mine will be for at least a couple years) and the self-directed practically no fees at all. I feel like I would be able to do the self-directed because I have been studying up and listening to BP, but I am worried without the robo-advisor, I might get lost and I do not have another direct/human resource to go to for personal account advice. What should I do? Are there any low-cost advisors out there for beginners?

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