Best Friend Or The Terminator? - Our Take On Robo/AI Advisors

Critical Thinking Required

Some people say that with today's technology, there's no need to have a financial advisor anymore. Robo/AI advisor has its uses: it's relatively cheaper, it can work 24/7 without any vacation, and the algorithms make objective investment decisions without bias. But does this mean we no longer need a human touch in financial decisions? Absolutely not! We are the information generation, and there's certainly no lack of data or information. But then what? How do I interpret the data? How do I apply the solution to myself? How do I put all the different pieces together and compile the complete financial picture of my household? And most importantly, how do I FEEL about my money and my life? Robo/AI advisors can't tell you these answers. The algorithms can calculate data and present you with possibilities, but it's still up to a human who is capable of empathy to interpret the data and advise.