Simplified investments is an increasingly popular investment app designed to make investing easy and accessible for beginners. With its low fees, automated investing options and user-friendly interface, Simplified investments has attracted lots of positive reviews and become a goto platform for new investors. This article will provide an in-depth look at Simplified investments, including its features, fees, performance and user reviews, to help investors evaluate if it is the right choice for their investment needs.
Wide selection of account types fit different investment goals
Simplified investments offers a variety of account types including individual taxable accounts, joint accounts, traditional IRAs, Roth IRAs and SEP IRAs. This covers the diverse needs of investors saving for retirement or other goals. Users can easily set up the right account to align with their objectives.
Hands-off or customized investing with low fees
For hands-off investors, Simplified investments offers fully automated investing with expert-designed portfolios of ETFs. Fees for these robo-advisor services are just 0.25%, much lower than traditional financial advisors. For more customization, users can build their own portfolios and access fractional shares of stocks and ETFs from just $5. Trading commissions are $0.
Tax-loss harvesting and rebalancing add value
Simplified investments provides automated tax-loss harvesting for taxable accounts over $50,000, helping lower investors’ tax bills. Portfolios are monitored daily and rebalanced to stay on target. These value-adding features come standard.
Intuitive mobile app and educational guidance
Simplified investments’ mobile app makes it easy to open an account, fund it, customize investments and monitor performance on-the-go. The app provides stats, notifications and educational articles to help users learn. For hands-off investors, the app allows quick account setup and then manages investments automatically.
Positive feedback on simplicity and customer service
According to Simplified investments reviews, users highlight the easy sign-up process, simple goal-based investing options, and quality customer service as major benefits. Investors switching from traditional brokers appreciate the lower fees, automated services and mobile accessibility. Most reviewers say Simplified investments is ideal for beginners thanks to the intuitive interface and educational resources.
In summary, Simplified investments earns positive reviews for its low-cost, automated investing platform that makes growing wealth simple for novice investors. Key advantages include the variety of account choices, hands-off portfolios, and a user-friendly mobile app. While Simplified investments may not have all the bells and whistles of full-service brokers, its straightforward approach helps beginners start investing in minutes.