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Homepersonal financeWould you let technology run your portfolio?

Would you let technology run your portfolio?

Computerized trading has already taken over Wall Street. But are investors ready to hand their portfolios over to machines, too?

Websites such as SigFig, Betterment and Wealthfront are cropping up with the goal of putting human financial advisers out of work. These sites promise to be an autopilot way to create an ideal portfolio and bring investors in balance.

Investors pay a fee to these companies, then the computers take over. The systems assume the role of financial adviser and broker, using computers to tweak the portfolio, buy and sell stocks and reinvest dividends.

(Watch: Time to reassess portfolio: Pro)

"Technology has been automating financial advice for decades and retail investors have benefited greatly from the power of technology," Michael Sha of SigFig says.

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In some ways, putting technology in charge is the next evolution of investing. The runaway success of index funds is largely the result of computers' being able to own broad swaths of stocks and reduce the need for human stock pickers.

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