AI investing: Why more and more people are turning to robot-led investments | Personal Finance | Finance

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In contrast, although the AI is incredibly attune to the markets and able to analyse client data, it is not yet sufficiently personalised for some.

This is why it is ideal to use for smaller, passive and long-term investments but even then it is important to check in on them.

Mr Lister continued: “Whilst robo-investors are without question the one of best ways of creating a simple passive income, it would be advised to check your investments frequently because ultimately it is your money, and you need to know what is happening with your investments.”

Robo-advisors are also not yet effective when it comes to complex investments such as estate and tax planning, but the possibility of these developments arriving soon is quite high.

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