Broker Check

Robo-Advisor Caution

| July 06, 2016

Do you think investing with an online "Robo-Advisor" is a good idea? Many younger investors do. Well, you better think again. It was reported last week that Robo-Advisor websites shut down trading and wouldn't allow investors to trade/sell their accounts during the Brexit sell-off. If these Robo-Advisors limit trades during, what I would consider a minor sell-off, there is a good chance they will halt selling during a much worse sell-off, and that is not acceptable. Be very careful with who you invest with. Check out this article for more details.