A. Online robo-advisor is a low cost of curated investing, it typically asks you a few questions to determine your risk tolerance level, then recommend the appropriate portfolio allocations for you to invest.
However, there are two ways to investing - risk-based and goal-based, we will illustrate with a travel analog below -
Let's say you are in NY, you want to go to LA. If you use the risk-based approach, you might assess your risk tolerance level - can you take air travel? If you feel that's too risky, you may take train.
With the goal-based approach, you will ask yourself - when do I need to reach LA? If by tomorrow morning, then you have to take air travel, which is the most likely way to achieve your goal, even though the risk might be high for you.
Which investment approach is more appropriate for you? Only you can make the final decision.