Posted on 09/09/2025 5:11:35 PM PDT by nickcarraway
People are turning to AI chatbots for anything from writing emails to planning holidays. But can they be trusted with our finances?
A few months ago, a fellow journalist asked me: “Do you invest? Do you think you will be able to retire with a million dollars?”
Thinking back on the mild heart-stopping fluctuations I'd seen in my portfolio amid tariff uncertainties, I replied that I wasn’t sure.
He suggested I get some feedback from ChatGPT. Unfazed by the skeptical look I gave, he persisted. “Try feeding (it) your portfolio and see what it says.”
I was intrigued, and later found out he wasn’t alone. A family member had asked the artificial intelligence chatbot for ideas to recalibrate her investments and save for her first home. And a colleague described stock picks that he got from ChatGPT as “quite solid”.
(Excerpt) Read more at channelnewsasia.com ...
ChatGPT vs. Nancy Pelosi. Which would you choose?
Well, Nancy Pelosi probably has a return that beats any mutual fund by at least ten times. Definitely do what Nancy does!
The Feds will use AI and do it for us.
Sales executive Clarin Florentyna used ChatGPT when she picked up investing about two years ago.
The bot guided her through the basics, with accurate definitions of key terms such as the intrinsic value of a stock.
When asked for investment advice, ChatGPT suggested setting aside an emergency fund of three to six months, as well as how much to put into bonds, equities and other assets, based on Ms Florentyna’s then monthly income and target returns.
The presentation of such a breakdown made the advice feel more “personalised” than what’s available on finance websites, said the 28-year-old.
It is a sad state of affairs in society when your personal relationships are computers.
But it does show the inherent need for personal relationships and we have lost the art. So..................
Nancy Pelosi. She has the inside information...
Grok agrees with you.
When personal relationships revolve around computers, it’s a mixed bag. On one hand, tech connects us across distances, lets us find like-minded people, and keeps things efficient—think messaging apps or online communities. On the other, it can hollow out real intimacy. Face-to-face connection, with all its messy, unspoken cues, often gets swapped for curated texts or emojis, which don’t hit the same. Studies (like one from Pew in 2023) show people feel both more connected *and* lonelier thanks to digital life—about 30% of Americans report feeling isolated despite constant online interaction.The sad part creeps in when we lean on screens to avoid the hard work of real relationships. Computers are tools, not substitutes for trust, vulnerability, or shared experiences. If someone’s closer to their phone than their friends, that’s a sign the balance is off. But it’s not all doom—tech’s just a tool. We decide how to use it. If we’re intentional, we can keep the human stuff human.
I’ve always thought whe should invest the SSI trustfund in an account that mirrors Nancy Pelosis portfolio.
You couldn’t really do much better.
Not sure where the h came from.
BFL
Be careful. I asked ChatGBT while researching opening a High Yield Savings account last month. It gave me several choices but the interest rates were incorrect, usually by .5 of a percent or more.
Certainly one way to tell the Watchers all about your finances.
Not anyone with a brain that is.
Usually ChatGPT just uses information gathered from the Web.
Add a rubric for research.
You can even ask ChatGPT, Groc and Gemini to help you customize a rubric for a specific research project.
Very short rubric:
Before answering: create a private 5-7 item rubric for excellence on this task.
Draft your answer, then self-critique against the rubric and retake until it passes.
Keep the rubric and critiques internal. Only show the final, best version.
If uncertain, generate one internal alternate and choose the stronger result.
Stop as soon as all rubric criteria are met at a high standard.
Grok
I also recall asking about certain players that won the Heisman Trophy and it claimed a lot of players won the Heisman Trophy that never did win it.
There’s an actual ETF that copies Nancy’s stock picks. It’s ticker symbol is NANC.
I wouldn’t trust any AI to give advice—especially investment advice.
AI doesn’t truly understand concepts like good vs. bad. It only “knows” what it has been trained on, and that information is limited to the quality and scope of its source material.
From my experience using ChatGPT, there’s a lot missing from its “memory.” While it might offer advice that sounds good, it’s only as reliable as the data it’s built on—and that data isn’t always complete or current.
At the end of the day, any advice it gives is based on programmed input. And as the old saying goes: GIGO — garbage in, garbage out.
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