Episode 89: Robo - Advisors: Are They Really The Future of Investing?

No one would argue that AI is not doing miraculous things in all areas of our modern lives. We see an elimination of errors, and lengthy, monotonous tasks are often completed at record speed and with great efficiency. Still, they are missing one thing - the human element. Robo-advisors have become very good at some basic aspects of portfolio management but lack a certain amount of foresight. They cannot wholly comprehend a client's financial situation's variables, personalities, or complexity. Today on ThinkSmart, we discuss both the pros and cons of Robo-Advisors.