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Learning, Sharing, and Teaching => Investor Alley => Topic started by: a1smith on August 24, 2015, 09:05:53 PM

Title: Robo-advisers face first reckoning in downturn - Investment News 8/24/15
Post by: a1smith on August 24, 2015, 09:05:53 PM
Robo-advisers face first reckoning in downturn (http://www.investmentnews.com/article/20150824/FREE/150829963/robo-advisers-face-first-reckoning-in-downturn?NLID=daily&NL_issueDate=20150824&utm_source=Daily-20150824&utm_medium=email&utm_campaign=investmentnews&utm_term=image)
Market volatility shows importance of communication as robos look to get out in front of nervous clients

Only 17% of clients at Betterment checked their balances over the weekend, no more than a typical weekend.  Seems encouraging.

One interesting comment is that TDAmeritrade and Scottrade reported having delays due to the high trading volume and market volatility.  That would make a big difference if someone wanted to 'buy low' in the first few minutes of trading this morning.
Title: Re: Robo-advisers face first reckoning in downturn - Investment News 8/24/15
Post by: mrpercentage on August 24, 2015, 09:37:11 PM
They sure did. Scottrade gave me problems logging on. I just wanted to watch live action not do anything yet. I got an email from Robinhood apologizing for some issue I didn't see.

New theory. Watson is making a killing by shorting unit stop losses are triggered then buying low.

Just kidding but there is some machine foul play overwhelming servers.
Title: Robo-advisers face first reckoning in downturn - Investment News 8/24/15
Post by: milesdividendmd on August 24, 2015, 10:12:24 PM
It makes it very easy not to panic on days like today when Betterment sends you emails reporting $780 in tax loss harvesting.

Just an amazing behavioral bonus. I have absolutely no urge to tweak a thing in my taxable accounts.