Is an Electronic Investment Adviser the Real Deal?
There are many factors that go into determining how you should invest your money. Your risk tolerance, your financial goals and your age are amongst a few. For those who are of retirement age, capital preservation is likely the most important factor while those below 40, growth is likely high on your list. There are many ways to determine what may be the best path to invest your excess capital, and many new electronic trading adviser’s have made their way into the mix.
Obviously your age is a key component in determining the amount of financial risk you can assume. If you take too much risk in retirement you may lose your nest egg. The longer you have to make your money back, the more risk you may take.
To determine the correct risk you may assume, you need to determine your financial goals as well as you time horizon. Investors who are looking for long term growth may not be as afraid to take riskier positions as those who are already retired and live on a fixed income, who may consider investments which focus on capital preservation.
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