Option to Grow Your Followed Funds Your Way
1. Self-Directed Investment Accounts (Brokerage Accounts)
- What it is: A self-directed account lets you choose individual stocks, bonds, ETFs, or mutual funds based on your own research and strategy.
- How it grows your funds: You have complete control over your portfolio, and you can adjust your investments as you see fit.
- Who it’s for: Investors who want full control and are comfortable making their own decisions.
2. Robo-Advisors
- What it is: A robo-advisor is an automated platform that manages your investments based on your risk tolerance and financial goals. It uses algorithms to build a diversified portfolio of stocks, bonds, and ETFs.
- How it grows your funds: You provide the parameters (risk, goals), and the robo-advisor handles the investment allocation, rebalancing, and performance monitoring for you.
- Who it’s for: Investors who prefer a hands-off approach but still want customization to fit their goals.
3. Target-Date Funds
- What it is: A target-date fund automatically adjusts its asset allocation based on a target retirement date. The closer the date gets, the more conservative the investment approach becomes.
- How it grows your funds: It’s a set-it-and-forget-it option that allows you to invest in a diversified portfolio that adjusts over time.
- Who it’s for: Investors who prefer to align their portfolio with a specific life event (e.g., retirement).
4. Individual Retirement Accounts (IRAs)
- What it is: An IRA is a retirement account that offers tax advantages. You can choose the assets inside your IRA to grow your wealth, either through a self-directed option or a managed one.
- How it grows your funds: Contributions grow tax-deferred or tax-free (depending on whether it’s a traditional or Roth IRA).
- Who it’s for: Those looking to grow their funds specifically for retirement with tax advantages.
5. Customizable Investment Portfolios
- What it is: Some platforms allow you to build a personalized portfolio of investments based on themes, industries, or even social values (like ESG investing).
- How it grows your funds: You can focus your investments on sectors you believe will grow, such as tech, green energy, or emerging markets.
- Who it’s for: Investors who want to tailor their portfolios to match personal preferences or specific beliefs.
