Believe it or not, more and more people are using a robot to invest their savings. 7 On Your Side' Michael Finney partnered up with Consumer Reports with more on whether it's a good idea.
In this era of self-driving cars, what decisions are you comfortable entrusting to a computer? How about financial advice? New digital platforms can manage your portfolio and charge less than a human financial advisor. Consumer Reports examines whether it's time to make the switch to a robo-advisor.
Deciding between a costlier human adviser and a cheaper computer solution depends on a variety of factors, including your financial circumstances, your reaction to risk, and your comfort level with recently developed technology. Watch the video above for Michael Finney's full report.
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7 On Your Side: Consumer Reports looks at using robo-advisors for financial investments