For many of the things you do in life, there’s risk. Driving a car. Your health. Owning a home. Traveling. Investing. Life. Because of these activities, there are ways to manage the risks involved.
Sometimes laws require you to have insurance against possible losses. If you have a car, the law says you have to insure it. It might only protect the other driver if there’s an accident. Or it can replace your car ensuring you have a way to get where you need to go.
There’s life insurance if you die, providing for those you leave behind. Health insurance covers an unplanned surgery or medical emergency. Homeowner’s insurance protects you if something happens to your house.
You may want travel insurance if something unfortunate occurs when you travel or plan to travel. But is there insurance for investing? Well, sort of.
According to FINRA (Financial Industry Regulatory Authority), “All investments carry some degree of risk. You cannot eliminate investment risk. By better understanding the nature of risk, and taking steps to manage those risks, you put yourself in a better position to meet your financial goals.”
A Money Basics Course at Smart About Money says, “Controlling risk is key to your investment strategy.”
And Investopedia explains, “In the financial world, risk management is the process of identification, analysis and acceptance or mitigation of uncertainty in investment decisions. Essentially, risk management occurs when an investor or fund manager analyzes and attempts to quantify the potential for losses in an investment, and then take the appropriate action (or inaction) given the fund’s investment objectives and risk tolerance.”
Using risk management in your investments is the best insurance strategy. Sounds easy enough, right? If you add in human emotions, it gets complicated. What if there was a way to remove the emotions from investing and managing risk?
Algorithmic Intelligence (AI)
Kelly Korshak, CTO and co-founder at iFlip used to work on Wall Street helping big companies like Morgan Stanley, Deutsche Bank and Diamondback Capital invest over $4 Billion. With a graduate degree in mathematics, his strategy is built around the approach that mathematical algorithms produce superior risk/reward in the stock market.
Turning that algorithmic approach into the best algorithmic trading software, removes the emotions from investing. With automated trading software, algorithmic intelligence (AI) is able to analyze the market daily and then buy, sell or hold the positions in your portfolio.
Related Article: Algorithmic Intelligence AI: How It Is Disrupting Your World
Trying to analyze your positions and then time your movements in and out of the market makes it hard to be profitable in your investing. By using AI, you have a type of insurance or strategy against trading based on your emotions.
Also Available As An App
For years, investors have loved the ease of using algorithmic trading software on their desktops. Now, the best algorithmic trading software is available as the best stock market app for android and iOS.
From your mobile device, you can check your investment portfolio or even trade manually. You can learn more about mobile stock trading by watching this short video.
Since you can’t call your favorite insurance agent for investment insurance, use the combination of AI, algorithmic trading software and the best stock market app for android.
It’s your best bet for risk management. Go ahead and remove the emotions from your investing. Maximize your returns and minimize your losses with iFlip’s AI.