In this blog we will discuss about what AI is doing in world of investing and how it can help us to grow our money in smarter…..
My brother and me, we had been roaming around a garden, we are discussing about artificial intelligence — how AI completely changed the world of searching and world of knowledge. Whenever I had problem, I open ChatGPT, ask for a solution. Because of AI, searching on Google came down. Now I don’t search on Google, I directly search on ChatGPT or Gemini. That gives us the best solution.
If in any case we are not able to frame our question, we can add images of the problem, we just say problem in little word, they understand the problem and give the best solution. That is the best feature I think so on ChatGPT or Gemini. My brother is telling me the same thing — when he need anything he will go on ChatGPT and ask question or a problem, that will give the solution in very well mannered.
In discussion he just said AI is doing everything, it can also help us to make us better investor. He and me goes silent for moments and we get our new research topic — AI can make us better investor, then I start gathering articles and reading with help of ChatGPT or Gemini. Understanding about how can AI
help us to become better investor. Sitting on a chair one thing popup in my mind, lot of people are same thinking like about AI can make us better investor. Then I take a laptop and start writing about the use of AI in investing.
In this blog we will discuss about what AI is doing in world of investing and how it can help us to grow our money in smarter way. Whether you are experienced in investing or you just had started this blog help you to become good at investing.
Now in today’s world from big banks to apps on your phone, I is helping people or institutions to make better choices related to money.
How Artificial intelligence Can Helps Investors
Fast data reading: AI is great in reading data or information quickly relative to human. It can helps in analyzing company annual report, concall, news stories, stock prices trends or it can helps us to find social media to spot trans or important updates. This helps investors to wise decisions and act faster.
Understanding sentiment: AI can also figure it out what people are thinking about the company with help of social media, news and public comment. We get an idea that people are excited or they are fearful. Be Fearful When Others Are Greedy — Warren Buffett.
Finding good stocks: Instead of looking for thousand or hundreds stock Artificial intelligence can filter it out good stock one by one in minutes.
Robo advisors: Some apps like Betterment or Wealthfront — this apps takes help of Artificial intelligence to give you advise. They ask you some question on the question they willl suggest you the investment option or they pick or manage automatically. It can create investing very simple.
Things to Be Care Fun About Artificial intelligence
The past is not always right: Artificial intelligence often learn from the past data. But markets change faster, if anything is working last day this is not going to work next day. Thats happen but if you are consistent with your stratergy it will give you good returns because market is cyclical in markets everything work for perticualry time, for some time thing will be redundant but after sometime these things start working again. In any case if you don’t have confidence you can check by yourself.
Sometimes Artificial intelligence can form false pattern that is not real in real world. These can lead to bad choices. Some Artificial intelligence tools is hard to understand they don’t have reason why they make certain choices.
If some time Artificial intelligence get bad data because of bad data result will also come bad. Its give us bad advice and its also be wrong.
Artificial intelligence is doing great job in finance world but we can’t be rely fully on Artificial intelligence. We can take help from Artificial intelligence after we have asses the information thats is the key thing we should be careful while taking the decision.
Real Life Examples
BlackRock Aladdin: Aladdin is tool that helps blackjack to take decisions or manage large amount of money with the help of AI.
Sentieo: Sentieo gives quick summary on financial reports.
How You Can Use Artificial intelligence Now
If you are new to investing then you can take help of robot advisors, And you can also use ChatGPT for basic financial ideas. If you have some experience then you can use Artificial intelligence screener for finding stocks. If you are expert you can create your trading system with the help of Artificial intelligence with tool Like quant connect or python programme.
Conclusion
Artificial intelligence is not perfect, but it’s changing the style how people invest their money. In investing information is key thing basic information is available to amateur investors also but experienced investors interpret information and collect more and more information thats helps them to generate great returns. Because of Artificial intelligence we can also have the same acess they have but only Artificial intelligence doesn’t make you great investor you have to put you effort also. Try to use Artificial intelligence with your favour thats helps you to create wealth.