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Maybe youve got to make a decision about the best kind ofsavings accountfor you.
Perhaps youre eager to move on a particular stock, but youre not sure if its the best choice.
But your advisors office doesnt open for several more hours.
Even then, youre not guaranteed to get an appointment that day.
In your urgency, you join the many Americans who are turning to online robo-advisors for information and guidance.
Its not hard to understand why.
Ideally, robo-advisors can distill even complex financial information into simple terms that people without financial backgrounds can understand.
And you’ve got the option to access them in the palm of your hand.
As Carroll explained, robo-advisors are based on very certain algorithmic software that doesnt accommodate specific economic decisions.
But trying to teach yourself the ins and outs of the market can be daunting.
If you happen to find an in-person advisor who feels condescending or smug, you could easily be discouraged.
Unfortunately, robo-advisors arent as uniquely qualified to respond to volatility as human advisors.
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