Why haven't you switched over, /biz/? Artificial intelligence has a better batting average than any human you have worked with.
http://www.bloomberg.com/news/articles/2016-02-05/the-rich-are-already-using-robo-advisers-and-that-scares-banks
Also who designed these algorithms? I doubt Schwab has internal computer scientists.
It would be more fun and you'd be better off by using R with quantmod to get some ETF data and running a portfolio weighting optimization yourself.
'Cause that's free and advisory (robo or human) is not.
>>1083866
Are you serious? I'm sure they have multiple depts worth of comp sci grads and PhD level researchers.
>>1083863
>Trusting something that either requires regular maintenance and updates OR can be controlled by people who can be influenced to make bad decisions for money.
>>1083863
I do this. I produce my own algorithms for observing market patterns. Most of my research is based on macroeconomics from a monetary perspective. The rest is mathematical analysis of general trends.
>>1083863
Who are these rich people. The article says most 100k+ in the accounts with average around 1M. I wouldn't consider these people rich at all. Especially considering the current half-life of Money.
Personally I measure my money to the PPP of 1933 which was the strongest Dollar in History.
http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1%2C000%2C000.00&year1=1933&year2=2015
http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1%2C000%2C000.00&year1=2015&year2=1933
I've got -8% return over several years with Betterment. Ask me anything.
>>1084141
That sounds difficult and easy to fuck up. How would I go about getting started and how much time/effort would I have to put in to maintain it?
