I am a College Student and I Built My Own Robo Advisor
▻https://hackernoon.com/i-am-a-college-student-and-i-built-my-own-robo-advisor-3f31b39dab50?sour
I’m Rao, and I’m an intern at Alpaca working on building an open-source robo advisor. I don’t have much experience in the space, and I had to find a lot of answers. While there’s a wealth of material available on the web, very little is organized. This post is the combination of various threads and forums that I read through looking for answers.“Yes, you an do it too!”What is a Robo Advisor anyway?!Robo advisors are automated advising services that require little to no user interaction. They specialize in maintaining portfolios based on the investors chosen risk level. Btw, they were launched at the start of the financial crisis in 2008.The actual logic for a robo advisor is straightforward.“Allocation” — Given a risk level, portions of capital are allocated to different positions.“Distance” — Over (...)
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