Robo-advisors, When Investing Advice Becomes Digital and Efficient
Robot-advisors are software able to provide investment advice by operating through rebalancing algorithms. They can limit themselves to advice, giving the investor the duty and the freedom to manage the investment; or they can lean on some bank accounts to get the whole portfolio management automated. They guarantee diversification, and can be fed through random deposits and dollar cost averaging (DCA). About my experience I found out about robo-advisors while I was exploring the world of swing trading; at that time, I was studying and investing my first amounts of money. The results were decent, but I had to spend most of my time in analysis and following news, and I also realized that my modest capital was poorly diversified. So, I decided to ask a professional for advice. ...