Don’t Use Alexa to Buy and Sell Stocks
Already busy preparing dinner, but want to sell several shares at the same time? Now you can ask Alexa to do it for you.
According to Marketwatch, TD Ameritrade customers can now “trade with voice command after completing multiple security steps including PIN and two-factor authentication.” Each trade will cost a TD standard commission of $ 6.95 and you choose “company, number of shares, and whether he wants to place a market or limit order.”
Earlier this year, TD announced that customers will be able to trade via Twitter – now they just need to use a voice command.
But that doesn’t mean you should do it. Financial firms are trying to make trading more frequent and easier, but it is still expensive, and if ever a situation arises in which you cannot find the time to fire up your computer to complete a trade, you probably want to consider whether you do it. If you see stocks dropping, the last thing you need to do is fire up Alexa and sell, sell, SELL.
“Convenience is great as long as it doesn’t get worse,” Ashley Foster, financial advisor to Nxt: Gen Financial Planning in Houston, Texas, told Marketwatch. “Selling or buying based on emotion can have big consequences for an investor. The added convenience can be a costly mistake. ”
Investors will also be able to receive market news and learn from finance. As with everything about investing, you must formulate a plan and stick to it, even when the market is on a roller coaster. Let Alexa help you with recipes and workouts , not your investment.