I really worry about this with AI. I fear it taking over my account and draining it.
It’s one reason I grudgingly pay my .30% to VG for the human/robot assisted Advisor. I don’t like spending that for such a basic five ETF Portfolio but I’ve come to look at it is one more bit of insurance.
I can’t make any Portfolio changes without his concurrence.
I look at the 0.30% AUM I pay my Vanguard Advisor Team in two ways.
1.Insurance against my limited Financial IQ.
2.Insurance against some IA Bot, pretending to be me, worming its way into my account and stealing it all. ie: no changes can be made without my Human Advisors concurrence. My 80yr old Risk Tolerance is rated by VG as “Moderate”. Since 2016 they’ve given me 7.8%. Good enough.
I have real concerns about my 70+ and 80+ year old friends still riding bicycles. Can’t seem to convince them they are a nanosecond away from serious injury which will drastically alter their mobility. The risk reward ratio is not on their side. At 79 mobility is extremely important to me. I walk in our community botanical gardens 5 miles 5 days a week. Yeah it’s not near as much fun as Mountain Biking or Skiing was , but gives me a lot better chance of being mobile for as long as possible. I should be in the Gym too , but I hate the smell so there’s some hypocrisy there.
Comments
I really worry about this with AI. I fear it taking over my account and draining it. It’s one reason I grudgingly pay my .30% to VG for the human/robot assisted Advisor. I don’t like spending that for such a basic five ETF Portfolio but I’ve come to look at it is one more bit of insurance. I can’t make any Portfolio changes without his concurrence.
Post: Can we be completely safe?
Link to comment from December 21, 2025
LOVE THIS POST! But then I think I have a sense of humor. So many don’t and are looking very hard for things to “take offense at”.
Post: Shopping carts. Please don’t consider this a rant. It is a lamentation.
Link to comment from November 8, 2025
I look at the 0.30% AUM I pay my Vanguard Advisor Team in two ways. 1.Insurance against my limited Financial IQ. 2.Insurance against some IA Bot, pretending to be me, worming its way into my account and stealing it all. ie: no changes can be made without my Human Advisors concurrence. My 80yr old Risk Tolerance is rated by VG as “Moderate”. Since 2016 they’ve given me 7.8%. Good enough.
Post: Does My Sister Need a Financial Advisor?
Link to comment from November 8, 2025
I have real concerns about my 70+ and 80+ year old friends still riding bicycles. Can’t seem to convince them they are a nanosecond away from serious injury which will drastically alter their mobility. The risk reward ratio is not on their side. At 79 mobility is extremely important to me. I walk in our community botanical gardens 5 miles 5 days a week. Yeah it’s not near as much fun as Mountain Biking or Skiing was , but gives me a lot better chance of being mobile for as long as possible. I should be in the Gym too , but I hate the smell so there’s some hypocrisy there.
Post: A Lifetime of Loss
Link to comment from December 29, 2024