Zero or Very Low Robo-Advisory With Flexible Socially Responsible/ESG Investing Options?

[FriendlyPerson]

I been pondering on what I should be doing with my "pocket change" in my Paypal's balance while I await to reinvest and such for my business.

However I can't find a stupid low/no minimums required robo-advisory whose aligns with my values and don't charge you monthly/yearly fixated amounts rendering low value investments worthless.

I really liked how https://impactlabs.com does it but there is no information charges and minimums and nobody responded in their chat.

Anybody know something similar to this where you can choose your portfolio in such manners?

Thanks very much in advance!

 

[Ash]

I wasn't aware of what a robo-advisory was before but after finding out what it is, it might be hard to find one without any monthly/yearly fees. And if they don't have that, they will definitely hit you with some larger fees when depositing/withdrawing.

Why don't you do a bit of research and invest on platforms like RobinHood and Trading212?

 

[FriendlyPerson]

I wasn't aware of what a robo-advisory was before but after finding out what it is, it might be hard to find one without any monthly/yearly fees. And if they don't have that, they will definitely hit you with some larger fees when depositing/withdrawing.

Exactly it's very difficult to find one that charges you "at the meter" by an annual % usually quarterly by the combined assets. Which would make a TON more sense especially for smaller amounts.

Why don't you do a bit of research and invest on platforms like RobinHood and Trading212?

I am not quite sure on those as I don't think they are prominently (if even at all) in the SRI and ESG investing markets.

I do know there's such thing as the S&P ESG 500 but I am still concerned on where's my investments are going with such a still a very "generic" investment option.

 

[Ash]

It is definitely tough. The only thing that I can think of is researching the companies that are socially and environmentally responsible and investing directly in them. It's a lot tougher though because you would have to actively keep an eye on them

 

[FriendlyPerson]

It is definitely tough. The only thing that I can think of is researching the companies that are socially and environmentally responsible and investing directly in them. It's a lot tougher though because you would have to actively keep an eye on them

Exactly and let's not forgot active balancing and so forth. ?

Additionally I tried re-contacting ImpactLabs and they said because their clients requiring much hands on assistance they are not actively promoting their Robo Advisor for their new clients anymore...

I guess short of doing it "manually" there just aren't similar options at the table at the moment.

 

[Ash]

Exactly and let's not forgot active balancing and so forth. ?

Additionally I tried re-contacting ImpactLabs and they said because their clients requiring much hands on assistance they are not actively promoting their Robo Advisor for their new clients anymore...

I guess short of doing it "manually" there just aren't similar options at the table at the moment.

I know you mentioned there wasn't any information on prices but are you aware of the price range at least? Looking at their site seems like it's going to be extremely expensive especially if you're looking to invest smaller amounts.

If you want to experiment doing it manually, have a look at Trading212. You can get a free share if you use my referral link (http://www.trading212.com/invite/HYGmJtvZ) and that way you can test the platform to see if you like it. They have a section for trading with virtual/fake money as well which might be useful.