Learning ObjectivesStudents will be able to:
| National Standards for Personal Financial Education Investing
|
Learning ObjectivesStudents will be able to:
| National Standards for Personal Financial Education Investing
|
Would you be comfortable with a computer algorithm managing your investment portfolio? Why or why not?
Investing today looks a lot different than it did just a few decades ago due to rapid developments in technology. Robo-advisors are becoming an increasingly popular tool that many people are turning to to manage their investment portfolios. Watch this video and follow your teacher's directions to answer the questions either in your student activity packet or within the EdPuzzle itself.
NOTE: EdPuzzle videos shuffle answer choices and do not always match the order provided in the lesson here.
What is meant by the term "robo-advisor?"
On average, how many purchases would you say you make on a normal day?
Given that number of daily purchases and if your average round-up was $0.50, how much would you end up investing…
Per day:
Per month:
Per year:
Does this amount seem high or low to you? And does that affect your opinion of whether or not you might use micro-investing apps?
When it comes to fees, micro-investing apps are beneficial because:
Your friend Ravi wants to start investing. Would you recommend using a micro-investing app? Why or why not?
In your own words, explain how AI is impacting the world of investing.
Why is it important to use AI as a tool rather than fully allow it to make all investing decisions?
Investing |
|
The rise of online tools and apps has provided us with the ability to manage our finances like never before. Whether you’re trying to budget smarter or put more away towards retirement, there’s an app for all kinds of financial goals you want to meet. In this activity, you will conduct research on some of these online tools to discover their features and determine which one(s) you like best!
Use the resources listed above for your category to select 3 apps you want to research in more detail. Then, conduct your own research to access additional resources and fill out the table for each app. While doing your research, think about the following questions:
Is there an age requirement to use this tool?
Is there a minimum amount of money or accounts you must have to use this tool?
Does the tool work with specific banks/accounts only or can you use it regardless of your bank?
Is the tool online only, mobile only, or does it work on both computers and mobile devices?
Who owns the tool? How long has the tool existed? What is the tool’s reputation?
Who is the target customer for using this tool? How many customers, clients, or users does this tool have?
What security or anti-fraud measures does this company take to protect their users?
Which of the apps you researched would you use? Why this one/these ones?
What top 3 criteria would you recommend someone use to evaluate an app they are thinking of using? Explain your reasoning.
Investors report this as being one of the biggest downfalls of robo-advisors when compared to human managers:
Which of the following BEST explains how a spare-change app works to invest your money?
With micro-investing, you are…
What advantages do robo-advisors have over their human counterparts? (Choose TWO)
TRUE or FALSE Robo-advisors are not a good choice because they just match the market and most professional managers are able to beat the average market returns.
Which of these investors might want to choose a human over a robo-advisor?
Which of these statements about robo-advised investing is TRUE?
Since you’re usually investing less than a dollar at a time, one of the downfalls of micro-investing apps is…