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Security first!

Open Robo will never ask for your Vanguard account credentials. Do not provide your username, password, or other account information to any application or person claiming to represent Open Robo.

Now that we’ve gotten that out of the way, we can start investing.

Step 1: Set up a Vanguard account

Vanguard charges neither account maintenance fees nor trading fees for the vast majority of ETFs. You’ll need an account to get started.

Step 2: Install the Chrome extension

Right here!

Step 3: Choose a portfolio

You’ll need to choose the different asset categories in which you want to invest, the ETF tickers that back them, and the relative allocation of each category. Your choice goes into the “Portfolio” blob in the Open Robo settings page.

Portfolio

The portfolio is represented as a JSON object mapping categories to their allocation and tickers. Providing multiple tickers for each category allows Open Robo to harvest losses in your account. Here’s an example of a simple portfolio that splits investments evenly between US and international broad market funds:

{
  "us-broad-market": {
    "allocation": 0.5,
    "tickers": ["VTI", "ITOT"]
  },
  "international-broad-market": {
    "allocation": 0.5,
    "tickers": ["VEU", "IXUS"]
  }
}

The portfolio that’s best for you depends on your risk tolerance, income needs, and beliefs about the future. We recommend filling out the questionnaire for a third party robo-advisor (typically free), researching common asset blends, or asking a trusted friend for advice.

Step 4: Start investing

As you deposit funds into your investment account, Open Robo will help you invest them in ETFs to maintain your desired allocations. See the investment walkthrough for more info.