Question: Would You Let A Robot Invest Your Money?
Audio resource from NPR describes how some millenials are choosing “robo-advisors” to manage their investments. Questions for students:
- What are the advantages of using a “robo-advisor?”
- How much in fees do American households pay for 401(k)s over their lifetime?
- Do you think technology can help you be a better investor? Why or why not?
- How large is “robo-advising” relative to the size of the investment management industry?
About the Author
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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