"This gem of a book should be required reading for everyone seeking to enhance their financial security."
-Burton G. Malkiel, author of A Random Walk Down Wall Street (50th anniversary edition, 2023)
Explore easy, automated, and low-cost ways to invest using online platforms
In The Little Book of Robo Investing: How to Make Money While You Sleep, a pair of long-time investors and founding team members at the pioneering and award-winning online investment platform Wealthfront deliver a fun, invaluable, and simple roadmap to making your money make money. You’ll learn how to start investing with the easy, automated, and low-cost strategies that robo investment advisors have made super accessible to everyday people.
You don’t need a ton of detailed knowledge about the financial and investment sectors to make impressive returns. The authors walk you through how to use techniques like automation, diversification and indexing to manage your risk and keep things absurdly simple. You’ll also learn:
- The most common mistakes that new investors make when they’re just getting started in the markets and how to avoid them
- Strategies for getting the ball rolling and investing your first dollar
- Valuable insights from behavioral economics and psychology to help you steer clear of major investing errors that even experienced and knowledgeable investors tend to make
Perfect for working professionals, members of young and growing families, and people beginning to think about their retirement plans, The Little Book of Robo Investing is a straightforward, engaging, and fun read that will get you ready to put your money to work intelligently and responsibly.
Table of Contents
Foreword xi
Acknowledgments xix
Introduction xxi
Section One The Science, Business, and Art of Robo Investing 1
Chapter One Make Investing Work for You 3
Chapter Two A Brief History of Indexing and Robo Investing 25
Chapter Three The Philosophy of Robo Investment Advice: Avoid the Gimmicks, Embrace the Science 45
Section Two What the Platforms Do 63
Chapter Four Diversify and De-risk Investments 65
Chapter Five Increase Your Return over Time with Lower Fees 81
Chapter Six Lower Tax Bills 97
Chapter Seven Technology Brings It Home 117
Section Three How to Use a Robo Platform 129
Chapter Eight Be Self- Aware about Money 131
Chapter Nine Investing Is Dating for the Long Term 143
Chapter Ten Budgeting and Wealth Building 155
Chapter Eleven Understand Risk and Pick the Right Risk Tolerance 169
Chapter Twelve Live for the Present, Invest for the Future 185
Section Four Where You Begin 199
Chapter Thirteen Is a Robo Investment Platform Right for You? 201
Chapter Fourteen Find the Right Platform 215
Chapter Fifteen Now I’ve Finished the Book and So What? 235
References 249
About the Authors 257
