Ping!...................
The same way the Pelosi clan got so wealthy right?
Without that one lucky pick and exit, it wouldn’t be anything to write about. It was most of the gain.
He sold his Soul for 23.8 percent...
Four weeks is hardly a test.
Having an edge in anything only helps so long as you’re the only one who possesses that edge.
If AI is so good at managing a portfolio, then why do all of these AI startups need VC funding ?
From late April to late July, it wasn’t at all difficult to beat the indexes, even by the amount he did with AI. He should have done his experiment starting in mid-February and watched how it did until about early April when just about everything was tanking. If he made the same sort of gains during that period, I’d pay more attention.
-PJ
If a million people invest $100, could ChatGPT move the markets? And they==is, subsequently improve performance on an ongoing basis?
how long until there’s a ChatGPT investment portfolio ETF?
I spent several hours over a period of weeks researching where to put some money that was under employed. After I picked four stocks to buy in differeing proportions I made a very simple query to whatever AI Google uses. Out of the four stocks I picked it recommended three. The fourth one, not recommended, was an outlier I bought little of on a speculative action not within the simple goals I gave the AI query.
The other interesting thing is that these three appeared as long term investments recommended by analysts. One of them was highly recommended as a darling. That was during the April bust. Things went well until the highly recommended company hiccuped just a little on quarterly earnings and then the analysts absolutely pilloried it, even the one that recommended it as a long term good buy with glowing prospects within a year.
I worked at a very large multi-national oil company in business development for a time. I watched the analysts opinions closely and the actions after conference calls. To see them in action one would think these people were setting themselves up for self-filling longs and shorts.
Over time and because of my work experience I also learned that blue chip companies and dividend aristocrat companies will empty the building and even sell it to keep paying a relatively level dividend, they will even borrow money to do it.
After all my time doing and watching the last 50 years, the only thing I really regret that I wish I had known and done from the beginning would have been to invest my first, last and every other dime in an S&P ETF. I think I am in good company by such an observation as Warren Buffet suggest the very same thing. My slight recompense is that such a thing did not exist in it’s form today when I began investing. If I had done that I would be better off than I am by at least 50% with a whole lot less wear and tear. What is more, I would be living strictly on the 1.2% dividend and never sell a thing. It is so simple a child could do it. If the shares go down 25% you may not like it but you aren’t selling and in all likelihood they will recover by 33% in three years or less, that is unless obama and bidet are in power then it takes 7 or more years to claw back.