A reader has been visiting different banks to ask about investing her retirement savings.
Let’s define small portfolios as $50,000 to $100,000. For a young person with a small portfolio, I’d suggest either a robo-adviser or opening a digital brokerage account to buy an asset allocation ETF, which is a fully diversified portfolio wrapped into a single exchange-traded fund you buy and sell like a stock. But this reader is retired and her visits to banks suggest she’d prefer some human contact.
To that end, you need to go into the bank with a clear idea of what you want and need.
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