Difference Between Traditional Financial Advisor From Automated Investment Advisor

  • Share
  • Tweet
  • Pin

0shares

In today’s era of technology where everything is being technical and moving towards the software for super funds Australia there are still many people who believe that no matter how much a computer technology may advance and become efficient, they can never beat the human minds and this is somewhat true. However, computer is just a machine which is designed by the humans and it can only learn as much as it is programmed to do. It can never beat a human mind and its capabilities. The above facts have given a rise to the discussion that even after the very benefit that the automated advisor provide there are some points at which it may not be able to perform as well as the human advisor.

The first and foremost thing that differentiate a human from machine is the emotions and that what makes a human a true human. Every person has a strong association with the money he earns and if that person has gone through some serious financial event or experience that has made him emotionally unstable or has made him even more cautious than he ever was then in this case the computer machine will not be able to help. Because the task of automated advisor is to calculate the planning report of finance via use of various techniques and algorithms and is not aware of the element of emotions a person may have or which could have effect on the investment decisions of the person whereas the personal advisor considers all the emotional factors and associations the client shares and keeps them as an affecting factor while suggesting which helps the client to make decisions that are rational and fruitful as well.

The second thing is the accountability that the robo financial advice provides you. This person takes on the responsibility to provide you help in your cause and considers himself answerable for his doings. Whereas the computer program is just a program who may send you reminders and give you may be the best suitable advice that even the human advisor would not be able to give but the computer program is just responsible for giving you the advice but not responsible of the outcomes that this advice will bring over you.

Thirdly there comes the flexibility. There comes many phases in your life where you need to move your money and spend it. Such as when you are getting married, buying a house or some car, getting some sort of disease or having kids. In all these situations your investment and money needs a rational decision with all these considerations. Therefore, the personal human advisor will be more proficient in doing this task because he also has been through the same kind of situations himself.

Right Way Of Property Investments

Many people fear the field of investment because of some so called risks. Among various types of investments, property investment is also rumored to be a risky type of investment. To be honest, property investment is one of the types that has the lowest risk. This is due to so many reasons and first, property market does not have a price variation like other markets, such as stock market. Second, property investment does not require a huge capital of your own to start. You can use OPM as capital. Simply put, this is one of the best types of investments for a novice. But just like all the other investments, there can be consequences if you make wrong decisions. So if you are looking for help to learn how to invest in the right way, following tips will give you a heads up.

Agents Can Help!

It is always a good thing to look up to someone who has enough experience in the sector. But today’s market is flooded with frauds and scams. When you start investing, before buying properties you should talk to an estate agent or a company that can give you an insight. There are companies with great reputation and good potential such as Chris Childs Think money, and these companies know the area and market prices accurately. So when you are making a decision, they can help you to find the right property that can earn you a good profit in return.

Insure Your PropertyToday, insurance can cover and protect anything from unforeseeable damages. You should insure your properties once you have claimed them because you don’t know about your customers personally. Also, if you think the area of your property may suffer from natural disasters, insurance is the best way to be rest in confident. Insurance can protect your properties from various calamities and it can be a full house, appliances or compartment insurance. Also, you can cover a loss of our rent as well.


Negotiate
Property investments attract a heap of investors due to its simplicity and global appeal. So of you are going to buy a certain property, it is guaranteed that it has another set of buyers if you don’t buy it. This can be used as an advantage, of course. Since there is more than one buyer, you can always negotiate with seller for a reasonable price. Don’t buy based on sellers’ words. If you are not sure about bargaining read some of the experiences on Think Money Facebook page to get a proper idea. Always carry out a market research to identify the true value of property and once you have confident in your research, bargain and negotiate for a good deal. Make sure you have a good backup research before investing all your money. If you are a novice or a pro, following above mentioned tips will make you a better investor, of course.

You can experience on your own, Logon to Think Money here today!