Are you interested to invest, but do not have the confidence or time to do so? Or do you want to diversify your investment, but do not have enough capital to do so? Fret not, robo-advisors may be able to help. What is a robo-advisor? By definition, a robo-advisor is a digital investment platform that automates investment portfolio using artificial intelligence (AI) algorithms. The platform will suggest an investment portfolio based on the investor’s risk tolerance level and investing goal(s). These robo-advisors have a set of pre-defined portfolios with different risks and returns, each catering to different levels of risk tolerance. Typically, a robo-advisor uses the investors’ money to invest in exchange-traded funds (ETFs), which are groups of stocks, bonds or other types of investments. So basically, investments using robo-advisors are managed by AI; replacing human unit trust agents and managers.
| Item Type: | Article |
|---|---|
| Creators: | Creators Email / ID Num. Ahmad, Junaidah Hanim jun372@uitm.edu.my |
| Subjects: | H Social Sciences > HF Commerce > Accounting. Bookkeeping H Social Sciences > HG Finance > Financial management. Business finance. Corporation finance |
| Divisions: | Universiti Teknologi MARA, Kelantan > Machang Campus > Faculty of Accountancy |
| Journal or Publication Title: | Accounting Inkwell Quarterly |
| ISSN: | 3030-5098 |
| Volume: | 2 |
| Number: | 1 |
| Page Range: | pp. 29-30 |
| Related URLs: | |
| Keywords: | Artificial intelligence, Investments, Financial technology |
| Date: | 30 June 2024 |
| URI: | https://ir.uitm.edu.my/id/eprint/123926 |
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