To do this, you answer the classic questions: How long do I want to invest my money? What return do I want to achieve? What losses am I willing to take if there are even higher profit opportunities? What robo advisors have in common with investment advisors is that they first want to find out what type of risk you are by asking standardized questions. Based on these predictions, investment decisions are then automatically made that are tailored to your individual needs and goals. Standardized investment strategies and a lack of individualityįirst of all, how does AI work in investing? A Robo-Advisor uses algorithms and AI models to make predictions about future market developments based on historical data and market trends. So why not simplify our lives with AI when investing? To find out, I tried it and my Money Invested using a robo advisor. We live in the age of artificial intelligence, which should finally make our lives easier: Our personal assistant is called Siri, our car ensures that we can finally park sideways and when our partner is sleeping, we can read all his private messages in peace thanks to facial recognition. On the other hand, after three years of investment and deduction of all costs, the return was thin. On the one hand, she had expected more from the investment strategy created for her. Our columnist Margarethe Honisch invested via a robo advisor three years ago.
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