Risk: Moderate

Robo investing involves using automated algorithms to make investment decisions on your behalf. The main risk with this side hustle is the potential to lose money invested in the market due to market fluctuations. Beginners could lose money they invest, but typically not more than their initial investment. Startup costs for robo investing can range from $0 to a few hundred dollars for account maintenance fees. While there is a risk of losing money in the market, it is not common for beginners to lose significant amounts. Most online discussions focus on the performance of the investments rather than beginners losing money outright.