How should you invest €10,000 online?

We’re in the Vaccine Economy, and it’s risk-on again! Open up the laptop; there are some pretty good possibilities to turn €10,000 into a larger sum, and you don’t even have to SMS 8998 to take advantage of them.

The robo-advisor is probably the first place to stop. These bots will take you by the hand, collect information about your investment goals, and then provide you with a choice of investment possibilities based on your need and risk appetite.

One worth trying is Betterment. This is a bot that will walk you step-by-step through the investment process, explaining your options at each level. What’s particularly nice about this website is that there is no minimum investment, so you can try it out, and then, as you build confidence, invest more. Betterment charges 0.25 per cent of assets under management annually, which is a low fee for this level of offer.

What is also nice is that Betterment Premium is available for a 0.40 per cent fee and a $100,000 account minimum. Premium offers unlimited access to certified financial advisors – real human beings, not bots. So if you start with a small investment, just working with the bots, you can build it up to a point

where you can get tightly targeted and personalised advice.

A UK alternative robot advisor is Nutmeg.com. This was the first and now is the largest digital wealth manager in the UK with over 100,000 clients. “We don’t hide behind complex pricing structures or financial jargon. We don’t keep you in the dark when it comes to your investments or how they’re performing. Instead, we give you complete transparency – and want you to feel empowered,” says the Nutmeg website.

Nutmeg offers a simple formula: tell them how much you wish to invest, and what level of involvement you want, and they’ll do the rest. You can choose from four different types of accounts, from Fully Managed, where the advisors pick all the investments, to Smart Alpha, in which you make the choices. There is also an account for Socially Responsible Investing, and another for fixed income investments.

“We believe long-term, intelligent asset allocation is a far better investment approach than trying to pick a single company that may outperform its competitors. Our expert investment team use a broad range of assets to build sophisticated, globally-diversified portfolios,” the Nutmeg website promises.

Still another UK offering is Wealthsimple Invest. If you can stretch your €10,000 to £10,000 (€11,500 at this writing), you can work with this digital investment advisor which also provides real human being advice as well.

What distinguishes Wealthsimple Invest is its low fees. You can carefully personalise your portfolio, but the management fee is 0.7 per cent – an extremely low one.

A much more specialised approach is available from Estateguru.co. This digital investment site works with its community of over 59,000 investors earning great returns investing in pre-vetted, short-term, property-backed loans in Europe, which is an extremely low-risk asset.

The website gives you a choice of property loans, and you can get full background information before choosing the ones you believe in. Or you can trust the experts on the site using the Auto Invest feature, set it up once, and then let the artificial intelligence technology make the investments for you.

You can start with as little as £50, and earn up to 12 per cent – one of the safest asset classes over time. Start your journey to financial freedom from as little as €50 and earn up to 12 per cent per year.

EstateGuru financed loans in the amount of €120.2 million in 2020 which is a 50 per cent increase when compared with the previous year (€80.3 million). The average month on month growth in loan origination was 60 per cent compared to the previous year. The site has also increased its investor base by more than 50 per cent in 2020. The website is extremely popular in Germany, but it’s renown is spreading across Europe.

€10,000 is not a lot of money when you consider that the top 1 per cent of net worth is €10 million. But putting that €10,000 to work with a few clicks has become a very agreeable way to make money.