Do you know the most important thing about investing? For me, it’s not losing money! One of the websites I visit periodicially is www.currentmarketvaluation.com to check the status of the S&P 500 against various measures. I don’t subscribe to the service, I just look through the models and look at some of the standard deviations. They have subscriptions from $99 to $199 per year for various things.
I was considering subscribing to look at the data but then it hit me that I could just create my own app with AI. Even better is I can customize it to whatever I want. I asked AI to create my own market valuation dashboard with my preferred indicators and the result is below.
The charts are interactive and I plan on adding more indicators and data highlights down the road. The current market is overvalued by 2.44 standard deviations above normal which is why I continue to be cautious and hedging my positions with collars, calls, and puts. I don’t want to lose money and the market can remain irrational a lot longer anyone can remain solvent.
AI Everything
At this point, I am looking through all the websites and news sites I visit and plan on having AI just create a consolidated view of everything I am interested in reading about and at some point I will build a master model of the entire universe!
But this points to a broader issue I have been warning about since AI first came onto the scene and I started using it. This technology will decimate most of these subscriptions-for-data businesses over time. I won’t be visiting currentmarketvaluation.com anymore because I now have my own tool that AI built. I just run the program and it gathers all the data, does the calculations and outputs the dashboard.
Here’s the sample page if you want to take a look.
Share The Wealth
Are you building anything yet with AI to save money?