So April finished up with the robo-adviser portfolio continuing it's win streak over my fancy pants managed version. The general theme for the year so far is that when the market is down, the paid adviser wins, but when the market is up, the robo-adviser surges ahead. And at least so far, its overperformance in up markets seriously outweighs its underperformance in down markets.
For the month of April, the robo portfolio was up 2.05%. In contrast, the adviser managed portfolio was up only 0.91%. On a year-to-date basis, the robo portfolio is up 2.62% while the high cost adviser portfolio is actually still down 0.74%.
Cheers.
No comments:
Post a Comment