Mastering Money 2/2/21

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Manage episode 283918066 series 1129321
By IQ Wealth Management and Steve Jurich. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
A Wall Street Journal-published-report points out that many of us routinely—and even BLINDLY—rely on the advice of ALGORITHMS in all aspects of our lives today, from choosing the fastest route to the airport to deciding how to invest our retirement savings. In short, WE are programmed-- not just our phones. And we’ve come to rely on—and trust—algorithms for many things we do. ….But should we trust them as much as we do? Research suggests maybe we shouldn’t. Especially when it comes to high-stakes financial decisions that can affect our retirement savings. Algorithmic trading uses computer programs to trade at high speeds and volume. Today, four fifths of all trades in the U.S. stock market are either fully or partially done by algorithms. Index funds are especially vulnerable. Today, we'll explain how to build a retirement investment strategy that can benefit from algorithms, not be crushed by them. A very timely show you don't want to miss...MASTERING MONEY is on the air!!

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