AI Is Giving Financial Advice Now

Can't be worse than influencers trying to sell their courses and giving horrible advice just to have content to post at least once a week.

how to make 10.000$ monthly ?

AI is great for explaining financial concepts, but I’d be careful letting it make decisions with real money. There’s a big difference between education and personalized advice.

Financial advisers are scams anyway pushing high fee products for lifetime kickbacks

ai is even coming to take jobs from hard working pump-and-dump scammers now

1:39 i see no privacy concerns whatsoever

Its helpful as one way to research, but it can be bias, and limiting. I personaly watch everything i can get my hands on from various different investment platforms, including you begal.😊

Check out your email please.

As a human I'm just so happy that we burn stuff to cary out tasks that would normally be carried out by a human.

Hey..
I noticed your content is great, but I think some thumbnails could attract more clicks. I'm a thumbnail designer and I'd love to create a free sample for one of your videos if you're interested please reply..😊

i put in geopolitical predictions back at end of November and had GPT pick stocks for me based on that. Am up 28%. I'm LLM-skeptical but they are actually not bad in centaur mode..

AI: "invest in AI"😂😂😂

There's no way I could trust a human advisor to be good, trustworthy, and act in my best interests - and answer all of my questions to the level of detail I expect.

Isn't this a very unclever ploy to gain more information about you so you can be shown more relevant ads? It all boils down to ads.

I’m a Merrill Financial Advisor who works at a bank and I don’t consider myself to be a lower qualified advisor.

Algorithm comment

Great points. But the point about trust:you underestimate how much the average person trust financial advisors in the first place. Where I’m from, “ financial advisor” is a slur because it’s usually associated with dirtbags that want to pull a quick one on their customers.

Of course, I know better than to paint with a broad brush, but I wouldn’t underestimate the amount of undeserved people that ChatGPT‘s financial advisor could potentially help.

I always saw myself as the responsible type. Paid bills early, worked hard, saved a bit every month. After reading Smart Broke Dumb Rich by Zor Veyl I realized I was just a well behaved poor person following rules made to keep me there forever.

I always saw myself as the responsible type. Paid bills early, worked hard, saved a bit every month. After reading Smart Broke Dumb Rich by Zor Veyl I realized I was just a well behaved poor person following rules made to keep me there forever.

I used to believe rich people were lucky or corrupt. After reading Smart Broke Dumb Rich by Zor Veyl I see it is mostly financial literacy. The kind they deliberately keep out of schools so regular people stay stuck.

The seventeen e still working😂😂

I asked the Perplexity AI chatbot how many e's in seventeen just now and it kept saying that there are three. 😔 But that there are four in eventually. Yeah, I'm going to stick with humans for financial advice.

They teach teenagers how to write a resume but never show them how compound interest quietly destroys their future. Reading Smart Broke Dumb Rich by Zor Veyl was the first time I learned whose side the bank is really on.

Thanks for everything, always nice to learn a thing or two. Even more with everything happening today and fake gurus / whatnot

Also hi from Québec

I used chatgpt a few months ago as a joke for a penny stock portfolio. I put $100 in an its up about $30.

Idk if it'll be able to do that all the time or I just got very lucky, but wow

My Gemini chat (about finances/economy) literally just recommended your channel so I looked it up and this 😂 ai is recommending your channel for financial info.

I’d never hire a human financial person anyways just like I’d never hire a service technician to fix any of my household utilities. I learn and do it myself. Ai just makes that wayyyy faster and easier for me.
Ai is relatively dependable advice in every single area of my life. 🤷‍♀️
But yea the hallucinations are annoying. You have to start new chats to continue the convo but even if you successfully move over all the info you want, each individual chat thread has its own ‘personality’ and it’s own hallucination rate. I’ve had to delete chats and start over new because it hallucinated way too much.

I have had chats that didn’t hallucinate at all though which is awesome but at some point the chat stops loading.

So if you wanna retain any info the ai gave you , you have save it somewhere, use to pen/paper it in a physical notebook or print it out.

Everything has its limitations.

AI: What you're asking is the exact sort of insightful and forward thinking strategy that makes millionaires. Its not just smart, its intuitive in a way that builds fortunes while not falling for the pitfalls of low hanging fruit. So when you ask "Did you sink my entire portfolio into "suckmabalz" coin shortly before a 13 year old rugged pulled it" I know that because you understand the subtle nuances of the market. Would you like to learn more about bankruptcy strategy or would you like a mental health crisis hotline number?"

Message unclear. Dumping my life savings into Fartcoin.

People expect AI to have good answers immediately. Voice mode like in that clip is the worst offender. But in reality, output quality works like with humans. AIs need some time to think (= recursively self-prompt and validate). If I asked you how many Es are in seventeen, you'd take a few seconds to visualize and count before answering. This thinking is how you get good quality and accurate answers. But thinking is a lot more expensive than simple direct answers, so free answers will always be worse.
So yeah, I'm very much pro "gated behind a subscription" because then the AI has the budget to actually think and provide good answers.

What I don't get is - surely if tools like this actually worked how I guess most people expect them to work, everyone would make buckets of money....so everyone would be wealthy....which to me means no one would be actually rich because we'd all have so much money it would devalue the currency? I think domestically AI will work as a good search engine but people shouldn't be relying on it for anything more than that

Important to note that "benchmarking" tests these models in sterile envioments and these modeld consistently perform beneath benchmarks in the wild

Who needs Nigerian princes when we have ChatGPT.

When people want to find something to blame on AI when rug pull, meme coins, NTFs existed.

Use AI all the time for clarification on why a company's stock price is moving up or down. Find the advice solid and helpful on a consistent basis. I still do my own research if I need more in depth information, but I generally find it valuable.

Will you eventually evaluate ChatGPT when it comes out with that feature for lower tiers and tell us what you think about it?

Suppose for a second that AI gives reasonable advice on what stocks to buy at any given moment and OpenAI don’t try to manipulate people using the tool. Then either this tool gives trivial suggestions (buy VOO or similar), or since the advice for different users is similar, once it is big enough hedge funds just got a $200 a month signal for their strategies, and everyone who uses these tools just siphons their money to them.

Ppl really don't have much basic accounting skills as that's the whole business model for "pay-in-4" or payday loan, oh sorry "earned wage access" apps. Recently half of my neighbors demonstrated they didn't understand paying water as part of monthly HOA hurt property values than having water separately metered and billed.

The best deterrent for me is the AI that we use at work and now bad it is at complex tasks. Because I have expertise in my field and can see it's short comings it's logical that it would have similar failures at providing investment advice. So until it can do more complex work at an industrial I am familiar with I won't be trusted it with my money.

Sometimes when I search an advice question in two AIs, I get opposite answers.

Looking forward to a lot of idiots losing their money this way

Ai will give the same advice to all users creating a self fullfilling propecy on a random stocks which will puzzle traditional traders and analytics

Yes, I would let AI tell me to invest in a simple index fund tracking the S&P 500.

Oh great, another white collar job is on the line... Yippee! 👏🏻👏🏻👏🏻 😒

I wonder if it will ever advice to save 200 bucks in a premium subscription to ChatGPT