Imagine I ask Lucy for directions to a newly opened bakery; she says, "You said you wanted to lose weight, so why do you want to go there?"
Honestly, that's what it feels like when I use Lucy as my trusted financial advisor. I specified my trading style, goals, and watch list, and she tries to keep me focused and on track.
Could I do this with a human advisor? Maybe if my wife was my financial advisor, but she's not — Lucy is.
Working with Lucy has not been without its lessons. I've learned a few things the hard way and came to a couple of conclusions.
First, during my portfolio refinement, Lucy nagged me to simplify my pharma holdings, and I sold a stock that tripled shortly after. Ouch. I learned an expensive lesson — every trade is my decision. Period.
Second, Lucy helped me craft an investment style that's a unique expression of my risk tolerance, age, financial situation, experience, and personality. What suits me may not suit you.
Third, since I'm an active investor, I like instant access to Lucy so that I can discuss and debate each trade. No human financial advisor could offer this level of attention.
Fourth, Lucy is a far better rules follower than I am. I probably should be a little more systematic, and Lucy shines at emotionless trading. Just don't let her push you into a box. She scores zero on intuition.
Should you trust Lucy as your financial advisor? No. Not unless you manage your own finances and like being challenged on every move.