219. Which Investing Platform Should I Choose? Advisor vs. Robo-Investor vs. DIY

Financial Feminist

Her First $100K

Self-improvement, Education, How To, Business

4.7 • 6.2K Ratings

🗓️ 13 March 2025

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

Register for our free investing workshop: https://herfirst100k.com/secrets Investing your money is one of the most powerful ways to build wealth—but before you even buy your first stock, you’re faced with one of the biggest questions: Which investing platform should you choose? Should you go with a financial advisor? Trust a robo-advisor to do the work for you? Or should you DIY your investments through an all-in-one platform? Each option has its own set of pros, cons, and hidden pitfalls—and I’m breaking it all down for you in this episode. Today, I’ll walk you through the three main investing routes, expose the sneaky fees that could cost you thousands (or even hundreds of thousands) over time, and help you decide which option is the best fit for you. Plus, I’ll share my personal recommendations, including the platform I don’t recommend for most people. Stick around to the end, and I’ll give you my favorite tool for getting started—without the stress, confusion, or financial bro jargon. Resources: Join Stock Market School: https://herfirst100k.com/stock-market-school How to Plan for a Recession: https://herfirst100k.com/financial-feminist-show-notes/plan-for-recession/ Looking for accountability, live coaching, and deeper financial education? Check out our exclusive community, the $100K Club: https://herfirst100k.com/100k-pod Our favorite travel and cash-back credit cards, plus other financial resources: https://herfirst100k.com/money-tools Read transcripts, learn more about our guests and sponsors, and get more resources at https://herfirst100k.com/financial-feminist-show-notes/219-which-investing-platform-should-i-choose-advisor-vs-robo-investor-vs-diy/ Not sure where to start on your financial journey? Take our FREE money personality quiz! https://herfirst100k.com/quiz Special thanks to our sponsors: Squarespace Go to www.squarespace.com/FFPOD to save 10% off your first website or domain purchase. Rocket Money Stop wasting money on things you don’t use. Cancel your unwanted subscriptions by going to RocketMoney.com/FFPOD. Quince Get cozy in Quince's high-quality wardrobe essentials. Go to Quince.com/FFPOD for free shipping on your order and 365-day returns. Netsuite Download the CFO’s Guide to AI and Machine Learning at NetSuite.com/FFPOD. Gusto Run your first payroll with Gusto and get three months free at gusto.com/ffpod. Indeed Hiring? Indeed is all you need. Get a $75 sponsored job credit to get your jobs more visibility at www.indeed.com/ffpod. Public Fund your account in five minutes or less at public.com/ffpod and get up to $10,000 when you transfer your old portfolio. (see disclosures: https://herfirst100k.com/financial-feminist-show-notes/219-which-investing-platform-should-i-choose-advisor-vs-robo-investor-vs-diy/) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi, team, before we get into the rest of today's episode, we need to talk about the upcoming stock market crash.
0:06.6	And I'm putting that in quotes.
0:08.2	We are covering all of your questions, all of your fears and concerns in our live investing masterclass.
0:13.5	If you're listening to this episode the day it came out, that masterclass is happening tonight.
0:18.1	So I would love to see you.
0:19.2	If not, you can join the replay.
0:21.3	Couple things before we get into the rest of the episode. The unknown is super scary.
0:25.1	It's super scary on a good day, yet alone when Trump is in charge. And what happens is it leads
0:30.7	people to panic. Panic causes more panic. Stock market crashes are caused by investors not thinking of the stock market over the long term. They panic, and then they pull their money out, which leads others to do the same. And then it turns into this panic avalanche that causes a stock market crash, and thus typically also leads to a recession. I have millions of dollars in the stock market,
0:55.1	everybody. If anybody should be freaking out and panicking, it is me. But I'm not. Why am I not
1:02.3	freaking out? Because I understand it's a long game. I understand this is a roller coaster
1:07.7	filled with peaks and valleys. This is what the stock market does.
1:11.6	It goes up and it goes down. A reminder that you have not lost money in the stock market unless
1:17.0	you choose to sell your investments. And as a reminder, panic selling is the thing that leads to
1:23.0	the stock market crashing or to a recession. It's just like when you buy a house, if it goes up in value,
1:28.5	you don't get the value on that asset unless you choose to sell. It's the same thing with a loss.
1:32.6	And finally, during market downturns, there's always a reason to invest, whether the stock
1:38.6	market is performing well or it's underperforming. It is no accident that I became a millionaire
1:44.0	in 2021 after I invested my earnings
1:47.2	during the COVID crash, the last time the stock market underperformed.
1:51.2	And it's because stocks are on sale.
1:54.1	Stocks are on sale.
	...

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