Building or subscribing to a Robo-advisor as a consumer

As discussed in the previous chapter, building a Robo-advisor for your own personal use is quite a project. Besides knowledge and skill in programming, which we will explore in detail in the next chapter, you need a good reason to spend all that time building something you could also find online. Therefore, let’s explore reasons you might choose either path.

Here are some reasons you might choose to build your own Robo-advisor:

• You’re interested in algorithmic trading and would enjoy the process of implementing your own Robo-advisor algorithms
• You’re considering a career in digital wealth and consider it a learning opportunity
• You’re considering starting a digital wealth business and are exploring the feasibility of building a platform by exploring the underlying algorithms first
• You don’t have access to a Robo-advisor or are prohibited from using them

Certainly...