Oct 21, 2015

Question: Would You Let A Robot Invest Your Money?

images

Audio resource from NPR describes how some millenials are choosing “robo-advisors” to manage their investments. Questions for students:

  • What are the advantages of using a “robo-advisor?”
  • How much in fees do American households pay for 401(k)s over their lifetime?
  • Do you think technology can help you be a better investor? Why or why not?
  • How large is “robo-advising” relative to the size of the investment management industry?

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

author image More by Tim right solid arrow
Mail Icon

Subscribe to the blog

Join the more than 12,000 teachers who get the NGPF daily blog delivered to their inbox: