3 ms·
This is what happens when some companies project investing as a quick and slick process. Answer these 5 questions and here you go: this is your risk tolerance a
by ms207 10y ago
This is what happens when some companies project investing as a quick and slick process. Answer these 5 questions and here you go: this is your risk tolerance and you are saving away in taxes and doing rebalancing. The truth is that investing is just another application to data science and machine learning and a lot of hard work. Little things matter and even simple rebalancing is not as simple given that periodic rebalancing can have huge market timing effects. We recently did a webinar on how to approach investing as a data science problem instead of a 'finance' problem: https://www.qplum.co/webinars/past/07072016/skill-vs-luck https://www.qplum.co/webinars/past/07072016/skill-vs-luck
- gauravchak 10y agoA friend of mine invested in two roboadvisors (wealthfront and betterment) at end of April and since then they have done nothing, not a single trade. Not a single trade. In the mean while, markets have scaled new heights. Ten year rate dropped to 1.37%!. Brexit happened. The FED unlike happened. There were huge gyrations in the unemployment rate. Vanguard systematic fund VMNVX did much better. I have worked in trading all my work life and I know how hard it is, how humbling it is, and how meaningful it is. I hate it when people sell crap as smart. As Dean Kansky in Serendipity said "They should make pills for this."