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Are Robots Coming To Take Investor Jobs on Wall Street? (nypost.com)

Posted by msmash on from the they-are-coming dept.

From an article on NYPost: More investors are warming to the cold, steely embrace of the increasingly sophisticated, low-cost automated robo-advisers. The primary reason is to save money on those fees and charges. Nearly one in three investors says these machines are superior at picking stocks and lessen their risk, and almost as many say the machines are better at selecting investments for retirement than human brokers, according to a new study of US investors by market research and consulting firm Spectrem Group.

5 of 142 comments (clear)

  1. I hope so. by xymog · · Score: 5, Funny

    If robots replace investors, at least we could program them with some empathy.

  2. Re:Robots or software? by prefec2 · · Score: 5, Funny

    Personally, I hope for a set of Marvin's to replace brokers. That would make stock trading more fun for us.

  3. So sad by scourfish · · Score: 5, Funny

    I'm crying all the tears for those rich wall street investors who will get outsourced. Really, I am.

    1. Re:So sad by MightyMartian · · Score: 3, Funny

      Give a little thought to all the coke dealers and pimps. Unless they build robots that love hookers and blow, it's going to seriously damage those industries in NYC.

      --
      The world's burning. Moped Jesus spotted on I50. Details at 11.
  4. Re:wouldn't all machines come to the same conclusi by __aaclcg7560 · · Score: 5, Funny

    Yes. The answer is 42. Don't let the door hit your ass on the way out.