What is robo advice? (robo-investing, robo brokers etc)


#1

I am curious…

I have seen a lot about robo-advice recently, what is it?

Would be interested to know…


#2

I’m not an expert on this…

but robo-advice is generally the advice given by apps such as personal capital, betterment and robinhood.

In this wealth management apps, the user is given pretty basic advice on based on their investing goals, their age and income…

The ai is isn’t really advanced at all for these apps, so would say it probably doesn’t even qualify for robo-advice.

These apps seem to be part of a knew wave of investing which suggests that they only way to invest is through index funds and that all other forms of investing are ineffective!


#3

Thanks m, appreciate it