The robo-advisor company charges a 0.50% fee and on top of that there the fee charged for the ETFs (which is anywhere from 0.25 to 0.5% as well). Robo-advisor companies help you rebalance your money automatically so your original asset allocation is preserved. Basically, you can be completely hands off and all you need to do is funnel your money in there and they will invest it for you.
How do I generate multiple streams of income?
Certain posts that you create can work like passive income for you. For example, if you have display advertising on your blog, then this is purely passive income, though you do need to keep creating content for returning visitors and subscribers. It takes a long time before you can monetize a blog, at least 6 months. This is why a lot of people drop out of blogging before 6 months, because it is a lot of hard work.
Can you make monthly income from stocks?
There are dozens of ways to generate passive income. However, the option you select has to do with two metrics: time and money. Either you have a lot of time or a lot of money. Most people usually don't have both. But, if you have a lot of money, generating passive income almost instantly is easy. You can buy up some real estate and begin enjoying rental income. Or, you can invest in a dividend fund or some other investment vehicle that will begin generating a steady income for you.