Despite some claiming that robo advisors would suffer when they faced their first period of financial stress, this seems not to have been the case during 'Black Monday'. He added the company has even some uptick from younger investors who have been waiting for a dip to buy at lower prices. The average amount invested by investors in a robo-advisor was $1,800, while those who bought shares on Black Monday were able to invest an additional $1,500.
Despite some claiming that robo advisors would suffer when they faced their first period of financial stress, this seems not to have been the case during 'Black Monday'. The average amount invested by investors in a robo-advisor was $1,800, while those who bought shares on Black Monday were able to invest an additional $1,500.