Essentials of Business Communication (MindTap Course List)
Essentials of Business Communication (MindTap Course List)
11th Edition
ISBN: 9781337386494
Author: Mary Ellen Guffey, Dana Loewy
Publisher: Cengage Learning
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Chapter 11, Problem 13CT
Summary Introduction

To think critically about: How criticism affects you.

Introduction: Criticism could increase or decrease a person’s self-esteem.

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Robo-Advice for MillennialsYour investment firm has been working hard to develop a robo-adviser service that uses computer algorithms to provide financial planning for its millennial clients. There is widespread consensus across the investment community that millennials raised in an environment of video games and social networks are looking for just this kind of investment robo-advice service. You are a member of a field test unit for the robo-advice service. Your team of 12 people has trained some 250 people (in the 25 to 35 target age range) in the basics of investing and how to take best advantage of the robo-advice service. The trial results have been discouraging. Many of the trial clients ignored the robo-advice completely and simply turned into hyperactive traders, executing multiple trades per week. Alarmingly, even those who followed the robo-advice did not fare well, losing an average of 5 percent on their investments even though the market (as measured by the S&P 500)…
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