Hello.
A friend, 20 years old, a student, has inherited € 20,000 (example).
Would a robo-advisor like Quirion be right for you? She has no idea about investments etc. (neither do I) and is also reluctant to deal with them. But that is probably mainly due to the high responsibility / fear of doing something wrong and thus throwing the legacy into the sand (which, as far as I know, is not that easy). I could imagine that if she could be sure that she was doing the right thing, she would bother with it a little bit. So if she were convinced, for example, that Quirion is a good way to invest the money, she would certainly be informed a little about how exactly Quirion actually works.
Is Quirion a good way to build such a legacy over the long term? I am aware that it is not too difficult to invest the money on your own with the same strategy as you use the robo-advisors (stocks and bonds) and thus save yourself the costs of these same advisors. But since the costs seem very low to me (0.43% pa at Quirion) and I value comfort for my girlfriend as much as possible, wouldn’t that be a sensible method?
So would it be okay if a student, who is relatively unsuspecting about investing, entrusts her valuable legacy to a robo-advisor like Quirion overnight? If so, how can I convince them of this (hope are qualified answers to this question, but maybe you have more ideas ????)?
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