Earlier today I posted a model portfolio for 25 year old based on a variety of metrics and assumptions and I asked ChatGPT to create a similar one for retirement. Below is the summary response after a long conversation. AI Response Below is a maximum drawdown–minimized portfolio, explicitly designed to survive 2008-style, COVID-style, and rate-shock…
Category: AI
Artificial Intelligence related
The Model Investment Portfolio for 25 Year Olds?
This past weekend I had some great conversations with ChatGPT on building some model investment portfolios based on some specific criteria. Long time readers know that I primarily invest in equities/ETFs that have options on them so I can hedge or generate additional income from options trading. With that in mind, I asked ChatGPT to…
My First AI Driven Trades
As I’ve written about creating a new app to help me find net credit collars on equities, I finally decided to trust AI with a couple of trades. Unfortunately the market isn’t static so what you see on a report is likely to change quickly. I had expected to trade the items in highlight in…
New Financial App: Options Put Ratio Finder
I’m sitting on the recliner in my house watching Wisconsin playing Villanova and getting bored so I decided to check out some put spread options for fun and then it hit me! I can build a new app for a YouTube video I saw a while back from Options with Davis. If you want to…
AI Fight Club: Financial Advisor Municipal Bond ETFs
I am having second thoughts about dumping ChatGPT because it just did a brutal knockdown of Gemini as a financial advisor on a municipal bond ETF allocation scenario. Here’s the prompt and the data set fed to both Gemini and ChatGPT. Prompt: You are a financial advisor tasked with allocating $50000 in investment funds into…
Update On My First Financial Trading App
I am just amazed that I am now having Gemini write code for me and it’s actually doing what I want. I don’t have to pay any developer, I don’t have to have conference calls, I don’t need to setup infrastructure. I don’t need to wait, mistakes or errors get fixed almost instantly with chat…
Building Apps With Gemini Pro – My Third App Sneak Peak!
I’m so excited about my unfinished third app that I wanted to write a post about it! This is my first financial app that is centered around fixing a very annoying and time consuming problem I wrote about recently here. For some quick background, because the economy is spiraling downhill I’ve been trading net credit…
AI: Auditing Your Insurance Policies
The wonders of AI are only going to be limited by your imagination. I’ve been using AI for quite a few things now but it hadn’t occurred to me to use it as an auditor for my home and auto insurance policies until I saw this video from Coach Carson below. Thanks for the idea…
Building Apps With Gemini Pro – My Second App
I’m excited to showcase my second web app. Yes, it’s fairly also primitive but you need to understand that I am still not a computer programmer. This is just a baby step into developing more complex things and when I was in high school and even college, I loved comic strips. Even into adulthood I…
From AI Financial Advisor To Portfolio Action
This week I have started some year end tax planning and thanks to AI, I have also updated my investment portfolio based on some of their recommendations. Regular readers of this blog know that I believe in the three bucket portfolio: taxable, tax deferred and tax exempt. The link in the prior sentence has some…