I have been invited to the private beta of Plantly, a new investment advising site. The site has an interesting concept. You simply input the amount you want to invest, the time horizon, and your risk tolerance.
From there, you are given a list of mutual funds to invest to meet your objectives with
I think it makes things a bit oversimplified, but the idea is very good. If you invest in diversified mutual funds and ETFs, you will statistically be up in the long run. It is always hard to know exactly what to do with your money, and Plantly has the potential to be a great way to pick your investments.
If you decide to invest based on the advice of this site, be sure to read the prospectus for the fund and understand the fee structure and how the fund determines its investments. You can sign up for a beta invite on the homepage. Let me know what you think in the comments.
P.S. Thanks to Budgeting the Fun Stuff for including me in this week’s Carnival of Personal Finance.
