Seriously dude, everyone is sick of this robot stuff already...
A few quick robo-advisor updates -I know you've been waiting for these ;)
1. Rakuten has started a new robo-advisor service! It looks very similar to Theo (100,000 yen minimum, 1% in fees). I'll be opening an account soon so expect a full review once I have a chance to play with it.
2. 8 Now! are really starting to annoy me with their quirky ways of doing things and passive-aggressive emails after the fact... I already mentioned how you are supposed to inform them before transferring money, right? They also have the option of including your account number in the transfer information field, which I did, only to get the same email asking me to include my account number. The latest thing is that they take the account fees out of your cash account, not the funds under management, so I got another email today 'reminding' me of this thing they hadn't told me yet and asking me to put money in ASAP.
3. I looked at my THEO account, and they seem to be doing tax-loss harvesting (deliberately selling funds at a loss and replacing them with similar funds in order to reduce capital gains taxes later). Great stuff. They also sent out some good explanatory emails post-Brexit. Overall I am really happy with their service.
So my robo-advisor advice remains unchanged: for now THEO is the best, 8 Now! is cheaper but the service kind of sucks, WealthNavi's minimum investment is too high, and we'll see how Rakuten measure up. They'd have to be much better than THEO to get me to switch, as one reason I like having a robo-advisor is to diversify where my investments are -having them all in Rakuten would worry me a bit, even though I think they're a great company.
Anyone else trying out the robo-advisors? Any new ones I should know about?