When ChatGPT burst onto the scene near the end of last year, I knew it was only a matter of time before this artificial intelligence (AI) technology would be unleashed in the world of finance.
That time has arrived.
Just check out this ZDNet headline…
A survey of 2,000 Americans showed that 47% of them are already using ChatGPT to get stock market picks.
In addition, 45% of those surveyed reported they would be comfortable using only ChatGPT for investing recommendations.
The survey’s demographic cross section was intriguing, indicating exactly who is using the service for stock picking:
- 53% of Gen Z
- 50% of millennials
- 25% of baby boomers
- 77% of high-income Americans
- 43% of middle-income Americans
- 23% of low-income Americans.
In terms of performance, a hypothetical fund of 38 stocks chosen by ChatGPT did better than the top 10 British funds on 34 of the 39 market days the experiment ran.
Is this a better way to put ChatGPT to work than asking it to whip up a recipe or write a love poem?
Can we expect additional advancements that will supercharge AI and investing?
Is this going to revolutionize AI investing?
At least for TradeSmith, the answer is a resounding “no.”
That’s because we were here first: We were already putting machine learning, automated systems and advanced algorithms to work in the tools we offer.
We’ve been doing that for years.
And we recently took things to a whole new level…
Imagine if you knew that, one month from now, a certain stock would be worth 10% more than it is today.
Would you buy some shares?
Of course you would.
Now imagine knowing that a stock would be worth 10% less in one month.
Would you avoid it with that information in hand?
Well, a revolutionary new predictive market algorithm driven by AI was released that can make such predictions with astonishing accuracy.
With incredible computing power and AI at our fingertips, our team embarked on the most important research project in our company’s history… one that could help you make much bigger stock market returns than you’re making now – while taking less risk.
We call this “Project An-E” (pronounced Annie).
Let me show you a quick example of An-E at work.
This is one of An-E’s predictions from late last year for the stock Ameren Corp. (NYSE: AEE).
The red X marks when An-E made its prediction, and the blue circles represent where it expected Ameren’s stock price to be one week, one month and two months later.
Well, here’s how those predictions played out…
An-E was nearly spot-on.
And that’s just one of An-E’s predictions…
It’s not an exaggeration to say that this is a new edge most investors have been lacking.
If you hold on to stocks An-E says are primed to move higher, you could withstand volatility with confidence and earn better returns.
On the other hand, if you stay away from the stocks An-E says are poised to go down, you could avoid punishing losses.
Both of these outcomes could mean you’d no longer have to worry about not having enough money for retirement or outliving your nest egg.