Technology And The Future Of Investing

The move to the internet brought about Robo-advisors and online brokerage firms; yet, the investor of tomorrow requires more to make his or her investment experience even easier.

Technology has taken a huge leap over the past decade and it is expected to do so even more with the new forms of technology being introduced. From Artificial Intelligence (AI), Virtual Reality (VR) and Augmented Reality (AR), the world as we know it is set to take a huge leap.

This move is being felt in various industries in a diverse range of ways and the investment world is no exception. The move to the internet brought about Robo-advisors and online brokerage firms; yet, the investor of tomorrow requires more to make his or her investment experience even easier.

The investor of tomorrow requires customized, quick, and simple analysis, customized investment portfolios, risk and return analysis, personalized budgets, and a number of tools that will make their investment process easier.

In other words, much like many other industries, the shift to advanced technology is more as a means to meet the demand of the new wave of investors being birthed. At the core of the investor’s need is a desire to optimize his or her investments, using all possible tools to improve chances at better decision making and to have more efficient tools to achieving all investment goals.

Another key feature of the future of investing is that it is shifting from the usual nature of human interaction as we know it to an all-encompassing digitized platform. As opposed to face-to-face advises or consultations, investment advice based on an individual’s goal can be automated.

Customer care can also be automated as instead of waiting for hours to see somebody, you can get help with the push of a button seamlessly.

A survey carried out by TD Ameritrade survey of 1,000 investors, revealed that 90% of individuals believe that getting tailored investing advice is the most important feature of any tech tool. In the second place, 52% place value in easy access to their data.

While the shift to the all-tech world of investing is indeed a gradual process, platforms like Yochaa are already emerging to take the investment technology narrative to the next level.

For the average investor willing to take the forefront of the new wave of investment, the biggest service to be done for oneself is to identify all the possible data analysis and investment tools currently available at your disposal and navigate them towards making better decisions and carrying out swift analysis that is error-free.

An understanding of these tools will take away the burden many of the older investors had to go through in carrying out investment analysis and provide you with the right tools with increased accuracy to better your decision-making process. You just have to be ready to leverage them.

Written by Lawretta Egba.