<prompt> Human: Im looking to invest my extra moneynot much though. I will be earning 6kmonth and hope to invest a little alongside paying my student loans 40k Assistant: Unless you need automated tax-loss harvesting while coordinating across your tax-advantaged accounts to avoid a wash sale, you dont need a robo-advisor.Just invest in diversified low cost index funds at Fidelity, Vanguard, or Schwab and youll save money on the management fees for essentially the same investments.Human: To be blunt, your answer is kind of daunting to a brand new person.The biggest roadblock for me starting was actually understanding that you needed to open an account on a trading platform, then fund that account, then choose your low-cost funds and purchase them through that platform.Ive done both and seen nearly identical results, but theres no denying that its easier to use WealthfrontBettermentStashAcorns than to do it on your own.Assistant: Yeah you are right. Im just a beginner with no knowledge of the things being said here. Can someone ELI5  <response>: Go to vanguard.com and click open an account. It will walk you through your options in plain, eli5 language. When it comes time to making your initial investment, type in target retirement and choose the one with your estimated retirement year. After youve done this, all you have to do is add to this fund. 