Owen Rascovitch

Right, so you don't have to – maybe it's even easier than an ETF.

You don't have to pick, say, three or four ETFs.

So we'll get to fees in a minute, but effectively you can invest in shares or whatever, like a diversified portfolio.

And you just visit one of these robo-advisors and you put in who you are, what you own, your risk profile, you answer some questions and they set up the account for you.

Yep.

All right.

And then you can just BPAY money in or is it direct deposit or something like that?

So what you mean is that when you're starting out, it's good to just maybe consider handballing some of the responsibility to one of these low-cost providers.

Okay.

So like if I was, let's bring it home.

So if I was, if I had no, my investment portfolio was worth zero.

Yeah.

And I have $2,000 and I want to invest that.

Effectively, these robo-advisors, instead of having to pick individual shares, which I might get wrong because I'm new, and instead of having to pick individual ETFs and go through the rigmarole of opening an account, like a brokerage account...

I could – even easier than that, again, I might just be able to put that – I might be able to go to a robo-advisor, which is really just this committee of people that make decisions and then I put in Ant's questions on a website.

Yeah.

And then I just deposit the money effectively.

What are we talking about?

Right.

Okay.