One of my favorite sci-fi movies is Arnold Schwarzenegger’s The Terminator. It’s set in a dystopian world that’s ruled by Skynet and robots that want to kill every human. In some ways, we’ve already got a Skynet situation in the works, with Alphabet’s (GOOG) purchase of the robotics firm Boston Dynamics. Not to mention the fact that we have high-frequency trading in which bots account for up to 80% of the daily volume on the stock market and can buy and sell stocks in microseconds. Computers to aid with finance are already here. So the question is: Can they help you with your own investing?
online financial advisor
Founded in 2014 and based in Marina Del Rey, Calif., Aspiration is a different kind of robo advisor. The organization sees itself as less a company and more a community.
Funding your retirement has evolved over the past 30-plus years. It used to be you worked for an organization and, upon retirement, you earned a pension with lifetime monthly payments. However, with the advent of the 401(k), that has changed. Corporate pensions are rapidly falling by the wayside, and the responsibility for accumulating a retirement nest egg now rests squarely on our own shoulders.
In the past several years, investment startups and entrepreneurs have popped up all over the place. Their goal? To address the financial services industry’s past inability to provide personalized but affordable advice to investors who don’t have large amounts of money. Recent developments have shown that these new players are here to stay, at least for now.
Here at Investor Junkie, the writers and I test many financial services. In the confusing array of investment tools, we want to tell you from our research what we think is the best of the best. In most cases we not only recommend these investment tools, but we use them ourselves.