Pros and cons of robo advisors

Like every financial decision, choosing to use a robo advisor has its benefits and disadvantages. Now the question is, should you use robo advisors? Here are some pros and cons you should consider.

1. A robo advisor provides lower fees
Robo advisors tend to price less than traditional financial advisors. Generally, their services cost only around 30% of that of financial advisors. The flat fees are generally their selling point for most users.

Other than their low annual costs, most robo advisors also allow people to use their services with zero to low minimum balances. This makes them accessible for even beginner investors or those who live with a tight budget!

2. It incorporates risk guidance and management
Over the years, more and more people are looking into investing in exchange-traded funds (ETFs). The popularity of this type of investment product might be attributed to its low costs and risks but promising rewards.

Without requiring a minimum amount for investment, ETFs promote inclusivity among its users. In other words, anyone can invest in ETFs. However, not everyone has the time to strategize their portfolio diversification. And this is where robo-advisors come into play. Robo-advisors create diversified portfolios using low-fee ETFs. The technology automates the best investment strategies for its users.

Using a robo advisor does not remove the uncertainties of making an investment; it allows you to make smarter decisions with your money. So, if you are a busy person who needs financial guidance and yet do not want to spend a lot of time researching and managing your investments, then a robo advisor will definitely help you grow your assets passively.

3. It is accessible and straightforward
A robo advisor is no different than most technology products we’ve embraced so far. As long as you are connected to the internet, you can instantly access its services from anywhere at any time.

If you are well-versed in technology, you will appreciate the convenience of using robo advisors. The software product is straight forward — it allows you to execute your decisions with a few clicks.

4. It is not human
Making financial decisions can be challenging and overwhelming. Without the human face, a robo advisor platform cannot emotionally connect with its clients. It is unable to understand their drivers and fears

Unlike traditional financial advisors who can give you a myriad of tips (i.e., how to save up for real estate, how to secure life insurance), a robo advisor solutions cannot offer words of advice regarding your elaborate goals and needs. While robo advisor companies have customer services to address your complex concerns, some people need a more personal financial advisor whom they can discuss their issues with.

5. It has limited customization options
Robo advisors are relatively new to the market, and their services might not be as varied as you would expect. If you have specific financial goals (i.e., you want to purchase individual stocks, you want to pick a certain mutual fund), robo advisors may be limiting for you.

On the other hand, traditional financial advisors provide a wide range of investment options for their clients. Because they have the edge of knowing you personally, they can create more creative ways to help you craft your most ideal portfolio.

Why Chemical Based Cleaning Products Should Be Avoided

Why Chemical Based Cleaning Products Should Be Avoided
By Clifford Woods

Most people are unaware that the chemical home cleaning solutions they are using are a risk to the wellness of their family and pets as well as the safety of their environment. In addition to the uninformed, there are also folks who are educated, yet still disregard the cautions that the use of chemical-based cleaning products could potentially lead to severe dangers to their heath as well as the environment.

Some of these products carry these warnings right there on their labels!
There are many harmful substances that can build up in our homes over time if cleaning is not done on a regular basis.

Such accumulations can include deep stains that are extremely tough to get out since they have been sitting for too long, difficult to remove corrosion or mildew, tons of dust in the air, dirt all around, bacteria from dirty bathrooms, mold from unkempt tubs, oily sinks, spills in the refrigerator, severely discolored materials, and so on. Most of these factors go unnoticed due of our very busy lifestyles.

Consequently, the accumulation of dirt, bacteria, mildew and dust will continue and are likely to cause further harm to not only our belongings and home, but to our health as well. An untidy and dirty home is a primary shelter to various bacteria and germs along with a great number of other threats.

If you believe that applying a chemical-based cleaning agent will protect you from all those concerns, well, you should rethink that as you will be just putting your family at risk of even greater health concerns. These chemical based cleaners can bring about and or aggravate illnesses and if your family members have a poor immune system, then it is very likely that things can develop a serious condition.

An Answer
You are probably wondering what other options you have, if any. You know you need a solution that is risk-free, but also powerful enough to take on all the dirt and grime that has built-up over time. If you feel that you can no longer do anything, then reconsider as an answer to your problem may be an all-natural cleaning solution with absolutely no chemicals in it, which is made of live beneficial microorganisms that help to develop and preserve the total amount of beneficial bacteria by natural means, which in turn, controls unwanted hazardous organisms.

There are also types of cleaning solutions that can be found within your home. They are simple ingredients that one does not normally consider to be a cleaning agent. Lemon juice, borax, baking soda, and vinegar are only a few of the most popular all-natural ingredients that are great cleaning agents.

You can make use of the above as all-around cleaners, disinfectants, and deodorizers. Creating your own personal remedies by using a selection of recipes available on the web will definitely help you in cleaning your house.

For anyone who is too busy to create their own all-natural cleaning solution, then using organic cleaning products, as mentioned previously, will be just as good and sometimes even better. These items are all made from organic ingredients and can be found in stores or online.

They are risk-free and are regarded as the only real eco-friendly cleaning solutions around. In addition, they are also more efficient as those cleaning solutions packed with harsh chemical substances. Furthermore, these all-natural cleaning solutions are inexpensive and you may even find them at wholesale prices when bought in bulk.

So if you are concerned about your family’s wellness, your financial budget, or the environment, you now have the answer you need! Clean up all those harmful bacteria with an all purpose organic product and keep it clean to ensure everyone’s health, along with the environment, is in good condition.

Author: Clifford Woods is the CEO of Effective Environmental Services and Organic Environmental Technology.
We brew Beneficial Microorganisms that eat toxins in the environment and offer Naturally Organic Solutions.

What are the brokerage charges of upstox?

A lot of you people have heard that online platforms are best for trading. They are safer, reliable, encompasses the best safety and securities etc.

Well, this is true, online trading platforms have come as a divine help for those who are the trading and investing enthusiasts. But, it’s not as easy as it appears to be a part of such trading platforms. If you wish to trade via the prevailing online trading platforms then you must have a crystal clear understanding of the way they charge you. Yes, it’s the most important thing while selecting your broker house.

There are various broker houses, but in this article we are considering one of the most famous and swiftly emerging trading platforms called upstox. You must have heard of it right? Here, we will discuss in detail what the company upstox is all about and how it is charging various fees and charges from it’s customers, so let’s begin!!

About Upstox

The company, Upstox is a tech-first low cost broking company in India that is giving trading opportunities at indomitable prices. This company provides trading on different sectors such as commodities, equities, currency, futures, options which are obtainable on its Upstox Pro Web as well as on Upstox Pro Mobile trading platforms.

Upstox is supported by a group of investors which encompasses Kalaari Capital, Ratan Tata as well as GVK Davix.

This trading platform upstox offers trading, analysis, charting and many other rich trading features. This platform makes it susceptible and simple to place orders through mobile phones as well as the web browser. Upstox trading outlet is created on Omnisys NEST OMS (Order Management System) and also the Omnisys NEST RMS (Risk Management System).

The best thing about Upstox is that it gives absolutely free trading accounts and also free trading in the Equity Delivery segment. Trading in Equity F&O, Equity Indra-day, Currency Derivatives and commodities is available through Upstox Pro only. UpStox Pro is nothing but the paid service of UpStox for traders.

Now, we must have a look at the way upstox charges it’s few from it’s large customer base.

Charge sheet of upstox

You must have heard that the trading platform upstox does not charge even a penny for the demat accounts it provides. It’s true to an extent but not completely. There are still some mandatory charges that you will have to pay if you are a trader and using the platform of upstox. Let’s have a look at some of the following:

The first one is the Upstox Account Opening Charges which is currently ¹249.
The another one is Upstox Demat AMC that is fixed at ¹300 per year (paid monthly).
Note: You can calculate the Upstox brokerage Charge for free. Click the link below.

Prepaid Brokerage Plans of Upstox (¹249, ¹499 or ¹999)

Each and every upstox customer likes to purchase one of the following prepaid plan of the brokerage so that he can open a Upstox account. It is essential for a trader to purchase a prepaid brokerage plan with this platform, upstox. This plan is also very mandatory for those people who would like to do only equity delivery trades which are absolutely free from the brokerage.

Plan

Customer Pays

Customer gets brokerage worth

Extra brokerage earned

Standard Plan

¹249

¹400

¹151

Advanced Plan

¹499

¹1,000

¹501

Premium Plan

¹999

¹2,500

¹1501

Upstox Equity Delivery Charges and the Intraday Charges

Upstox Charges

Equity Delivery

Equity Intraday

Brokerage

¹0

¹20 per executed order or 0.05% (whichever is lower)

STT

0.1% on both Buy and Sell

0.025% on the Sell Side

Transaction Charges

¹325/crore

¹325/crore

Demat Transaction Charges

¹18.5 per scrip (only on sell)

¹0

GST

18% (on Brokerage + Transaction Charges)

18% (on Brokerage + Transaction Charges)

SEBI Charges

¹5/Crore

¹5/Crore

Stamp Duty

*

*

Equity Future and Options Charges of Upstox

Upstox Charges

Futures

Options

Brokerage

¹20 per executed order or 0.05% (whichever is lower)

Flat ¹20 per executed order.

STT

0.1% (on Sell Side)

0.1% (on Sell Side)

Transaction Charges

¹210/crore

¹5500/crore on premium turnover

Demat Transaction Charges

¹0

¹0

GST

18% (on Brokerage + Transaction Charges)

18% (on Brokerage + Transaction Charges)

SEBI Charges

¹5/Crore

¹5/Crore

Stamp Duty

*

*

What are the Currency Charges of upstox?

Currency brokerage of upstox charge is ¹20 per committed order or 0.05%.

Upstox Charges

Currency Futures

Currency Options

Brokerage

¹20 per executed order or 0.05% (whichever is lower)

Flat ¹20 per executed order.

STT

No STT

No STT

Transaction Charges

NSE: 0.00013% | BSE: 0.00062%

NSE: 0.065% | BSE: 0.026% (on premium)

GST

18% (on Brokerage + Transaction Charges)

18% (on Brokerage + Transaction Charges)

SEBI Charges

¹5/Crore

¹5/Crore

Stamp Duty

*

*

What are the Upstox Commodity Charges?

The Commodity brokerage of Upstox is just ¹20 per executed order or 0.05%.

Upstox Charges

Commodity Futures

Commodity Options

Brokerage

¹20 per executed order or 0.05% (whichever is lower)

Flat ¹20 per executed order.

STT

0.01% on sell trade (Non-Agri)

0.05% on sell trade

Transaction Charges

0.0031%

0.002%

GST

18% (on Brokerage + Transaction Charges)

18% (on Brokerage + Transaction Charges)

SEBI Charges

¹5/Crore

¹5/Crore

Stamp Duty

*

*

What are the hidden charges that are charged by the Upstox?

Here, the first charge encompasses Call & Trade charges that is just Rs. 20 per executed order.
Another hidden charges of upstox include Physical contract notes charges that are fixed at ¹25 per contract note in addition to the courier charges. (Here, Digital contract notes are free.)
The last one is Instant Money Transfer Feet that has been fixed at ¹7 per transfer.

Conclusion

So now after reading this whole thing you must have get an idea about the working procedure of of upstox? how does it work? and how it makes money from you?

Now it is clear that upstox charges some of the mandatory charges that too at a very minimal rate and is not asking nothing wrong from you. The charges mentioned are the basic one and are charged everywhere you go.

After seeing the above charge sheet you can now arrive at a decision that whether upstox is the platform suitable to you, or not? You should not give it another second if you made your mind for the upstox, and should begin with procedure of demat account now only.