Due to over-regulation in the Financial Planning Sector most CFP (Certified Financial Planners) cannot afford to take clients who have less than $500,000 in net worth. This now leaves a huge gap in the market and means most in the Middle Class are left in the cold. The following article will lead us through the theme Will artificial intelligence pricing software companies market markers?
To fill these gap financial firms have developed RoboAdvisors which uses false intelligence to help people determine how best to invest their money and develop their financial retirement portfolio based on their income, risk aversion, lifestyle, and time until retirement. On the surface, this sounds like a sound solution, but it's not without its own set of challenges - one of which I'd like to discuss here today.
In Forex trading, this takes place when a limit order or stop loss takes place at a worse rate as compared to initially placed in the order. Slippage appears while in periods of exceptional volatility, creating nearly all Forex dealers to implement the trade at the next perfect price. Similar to a number of its competitors, Forex Megadroid arrives in the style of a Skilled Advisor for the MetaTrader platform.
Of course, these RoboAdvisors can then show how well they've done in hindsight by the increased market value of stocks and bonds that they've recommended. See the problem yet? Worse, less sophisticated low net worth investors have no idea what's happening and assume everything is peachy, even if these systems are developing bubbles in the market and distorting free-market balances needed for the markets to be successful.
A veritable gold mine of such gems lies hidden and largely unexplored in the "exploding" mountains of data that have accumulated in businesses since the price of storage came tumbling down. It seems that IT organizations have been hanging onto data, keeping it in cold-storage, knowing that there will come a time when it will be of benefit.
Ironically, despite the fact they are all supposedly in keen competition with each other, and all trust that their system is the final word in Forex robot software, all the various websites I visited seem to be as if they experienced the identical designer(s). Furthermore, they all to one qualification or another bear a striking similarity to those online websites that offer to show you just how to get large amounts of cash for executing a couple of hours of "easy" job. Mega droid's web-site is no exception.
Are we watching these RoboAdvisors and paying attention to these rapid changes in the financial advisor sector. Human advisors are over-regulated rather than just outlawing unsafe investment vehicles like high-commission annuities, and other high-risk investments as Wall Street attempts to sell the crap to the fishes, little investors.
Yes, the big banks want a piece of the financial advisor sector, and they have lots of low net worth customers who they rake over the coal with fees, but killing the human kind of advisor for a RoboAdvisor isn't helping anyone, it's just killing more jobs and giving consumers fewer choices, all the while distorting markets - dumb. Meanwhile, as I pinned this article, I received an email news alert from our local county Economic Development Council - we lost 100 jobs in the category of financial advisors in the last quarter, and mind you that's only our little county with less than 1-million in population.
To fill these gap financial firms have developed RoboAdvisors which uses false intelligence to help people determine how best to invest their money and develop their financial retirement portfolio based on their income, risk aversion, lifestyle, and time until retirement. On the surface, this sounds like a sound solution, but it's not without its own set of challenges - one of which I'd like to discuss here today.
In Forex trading, this takes place when a limit order or stop loss takes place at a worse rate as compared to initially placed in the order. Slippage appears while in periods of exceptional volatility, creating nearly all Forex dealers to implement the trade at the next perfect price. Similar to a number of its competitors, Forex Megadroid arrives in the style of a Skilled Advisor for the MetaTrader platform.
Of course, these RoboAdvisors can then show how well they've done in hindsight by the increased market value of stocks and bonds that they've recommended. See the problem yet? Worse, less sophisticated low net worth investors have no idea what's happening and assume everything is peachy, even if these systems are developing bubbles in the market and distorting free-market balances needed for the markets to be successful.
A veritable gold mine of such gems lies hidden and largely unexplored in the "exploding" mountains of data that have accumulated in businesses since the price of storage came tumbling down. It seems that IT organizations have been hanging onto data, keeping it in cold-storage, knowing that there will come a time when it will be of benefit.
Ironically, despite the fact they are all supposedly in keen competition with each other, and all trust that their system is the final word in Forex robot software, all the various websites I visited seem to be as if they experienced the identical designer(s). Furthermore, they all to one qualification or another bear a striking similarity to those online websites that offer to show you just how to get large amounts of cash for executing a couple of hours of "easy" job. Mega droid's web-site is no exception.
Are we watching these RoboAdvisors and paying attention to these rapid changes in the financial advisor sector. Human advisors are over-regulated rather than just outlawing unsafe investment vehicles like high-commission annuities, and other high-risk investments as Wall Street attempts to sell the crap to the fishes, little investors.
Yes, the big banks want a piece of the financial advisor sector, and they have lots of low net worth customers who they rake over the coal with fees, but killing the human kind of advisor for a RoboAdvisor isn't helping anyone, it's just killing more jobs and giving consumers fewer choices, all the while distorting markets - dumb. Meanwhile, as I pinned this article, I received an email news alert from our local county Economic Development Council - we lost 100 jobs in the category of financial advisors in the last quarter, and mind you that's only our little county with less than 1-million in population.
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