A I safe to invest?
Discussion
Hi
Has anyone had anything to do with A I investments ,
in which you invest £250 and the system invests it and is supposed to make money.
When these have been mentioned on tv they are immediately informed that they should be removed and not advertised .
We are considering investing but don't know much about them ,
Any advice appreciated .
Thanks
Has anyone had anything to do with A I investments ,
in which you invest £250 and the system invests it and is supposed to make money.
When these have been mentioned on tv they are immediately informed that they should be removed and not advertised .
We are considering investing but don't know much about them ,
Any advice appreciated .
Thanks
The big yin said:
Hi
Has anyone had anything to do with A I investments ,
in which you invest £250 and the system invests it and is supposed to make money.
When these have been mentioned on tv they are immediately informed that they should be removed and not advertised .
We are considering investing but don't know much about them ,
Any advice appreciated .
Thanks
Before you invest, just ask yourself why you would give your money to invest via AI. Has anyone had anything to do with A I investments ,
in which you invest £250 and the system invests it and is supposed to make money.
When these have been mentioned on tv they are immediately informed that they should be removed and not advertised .
We are considering investing but don't know much about them ,
Any advice appreciated .
Thanks
Does wherever you’re considering have better (demonstrated) returns? Or is it just because AI = new = good?
Remember, AI investment methodologies, models, training, etc are all different. Assuming wherever you’re looking actually has any AI at all and isn’t a bunch of chancers hoping that they can lure punters in crypto- or FX-style with the promise of large magical returns “because it’s AI”.
The big yin said:
Has anyone had anything to do with A I investments ,
in which you invest £250 and the system invests it and is supposed to make money.
Any advice appreciated .
That sounds brilliant.
Will they accept more than £250?
Where do I sign ?
Someone told me in the pub last week, that the word gullible is no longer included in the latest edition of the Oxford English Dictionary.
The big yin said:
Hi
Has anyone had anything to do with A I investments ,
in which you invest £250 and the system invests it and is supposed to make money.
When these have been mentioned on tv they are immediately informed that they should be removed and not advertised .
We are considering investing but don't know much about them ,
Any advice appreciated .
Thanks
My son was talking to me about something similar that all his mates were signing up for a couple of months before Christmas, its went pop, basically a pyramid scheme, they've went from its great making all this cash to boo hoo where's my money gone. Has anyone had anything to do with A I investments ,
in which you invest £250 and the system invests it and is supposed to make money.
When these have been mentioned on tv they are immediately informed that they should be removed and not advertised .
We are considering investing but don't know much about them ,
Any advice appreciated .
Thanks
It was some AI trading algorithm scalping small amount via exchange rates trading crypto(if it ever existed at all)
This was the one
https://www.bbc.com/news/articles/c16yy417kjxo
Edited by dingg on Friday 19th January 12:44
Jon39 said:
The big yin said:
Has anyone had anything to do with A I investments ,
in which you invest £250 and the system invests it and is supposed to make money.
Any advice appreciated .
That sounds brilliant.
Will they accept more than £250?
Where do I sign ?
Someone told me in the pub last week, that the word gullible is no longer included in the latest edition of the Oxford English Dictionary.
LooneyTunes said:
Before you invest, just ask yourself why you would give your money to invest via AI.
For the same reason people use IFAs - they think they'll do it better than they can.'Artificial intelligence has to be smarter/faster than me at analysing a million stocks shirley'.
Although software has been used to trade automatically for ages I believe - so what's the difference between that and AI?
Give me £250, I'll then ask ChatGPT (having uploaded the share price performance of all tradeable shares for the past 50 years) to recommend a share portfolio to me that fits certain criteria e.g. Insurance and Consumer Goods Sectors with a dividend average over 5% mix, a likelhood of share bybacks, a PE ratio fo under 50 and tell me what ratios to split the funds into.
That would be AI investment....will you give it to me instead....
That would be AI investment....will you give it to me instead....
I'd argue that most of what we call AI is just based on using past performance to make predictions.
In terms of the OP it's a very vague question. I could see it being done terribly or well depending on what is fed into the system i.e live data allowing quick decisions sounds good but also nothing new.
If I had £250 I'd probably stick it in some kind of tracker - maybe even an AI ETF if I was feeling excited about the industry.
I've not seen anything that's tempted me, OP or anyone else have any specifics of this bot style investing?
In terms of the OP it's a very vague question. I could see it being done terribly or well depending on what is fed into the system i.e live data allowing quick decisions sounds good but also nothing new.
If I had £250 I'd probably stick it in some kind of tracker - maybe even an AI ETF if I was feeling excited about the industry.
I've not seen anything that's tempted me, OP or anyone else have any specifics of this bot style investing?
Edited by rpguk on Friday 19th January 15:29
Simpo Two said:
LooneyTunes said:
Before you invest, just ask yourself why you would give your money to invest via AI.
For the same reason people use IFAs - they think they'll do it better than they can.'Artificial intelligence has to be smarter/faster than me at analysing a million stocks shirley'.
Although software has been used to trade automatically for ages I believe - so what's the difference between that and AI?
I explored applicability in a niche area of the financial markets and there is genuine potential if you've got the right people looking at it. There are a few outfits that likely have the ability to make things work but I doubt that they'd offer as a retail product any time soon.
Trouble is, when it comes to being a handy buzzword, AI seems to be the new blockchain. Lots will want to/say they use it but very few will do so properly, or well.
Mr Overheads said:
Give me £250, I'll then ask ChatGPT (having uploaded the share price performance of all tradeable shares for the past 50 years) to recommend a share portfolio to me that fits certain criteria e.g. Insurance and Consumer Goods Sectors with a dividend average over 5% mix, a likelhood of share bybacks, a PE ratio fo under 50 and tell me what ratios to split the funds into.
That would be AI investment....will you give it to me instead....
That would be AI investment....will you give it to me instead....
Excellent. This is the best idea for our OP.
Before the OP goes into partnership with you, you could team up with me.
We of course would have to charge our clients a reasonable legitimate fee for such excellent service, because how else would we buy Ferraris and islands in the Caribbean.
Another idea for failed investors is to sell books and tutorial courses, about how to make a quick fortune investing in equities/cripto/commercial property, without doing any work.
How is that fellow selling miniature electric heaters on the internet getting on?
Supposedly it heats your entire home in 2 minutes, for about six pence and will making the whole energy industry go bust. Not quite sure how the heater will work, after your electricity supplier has gone bust though.
With all respect to the OP if it's only £250 I can see there might be an argument for "take a punt what's the worst that can happen".
I chucked £500 in Bitcoin on the basis the worst case is I lose the £500.
If he's likely to add more I'd say look at a cheap dumb global tracker in an appropriate tax wrapper.
I chucked £500 in Bitcoin on the basis the worst case is I lose the £500.
If he's likely to add more I'd say look at a cheap dumb global tracker in an appropriate tax wrapper.
Some of the Broker platforms for trading offer AI Smart Portfolios where you simply invest and let it do the work. The other one is Copy Trading, where you invest with copying someone who has a 'proven' Portfolio.
I play at investing and do ok but very much an amateur noob. I invested a small amount with a Copy Trader and another with one of the AI Smart Portfolios.
My own amateur playing for fun Portfolio is up 8% so far for 2024. I closed both AI and Copy Trader yesterday because they were both underwater - only by about $20 in my case since I didn't put any significant amount with them while testing but, I have zero faith in either being better than me, let alone real Pro's following my small experiment.
Incidentally, I invest in tech companies involved with AI; Nvidia, AMD, ARM, TSM, Qcom, Microsoft, Meta, Crowdstrike, etc as part of my diverse Portfolio and they are flying at the moment, breaking new highs.
I play at investing and do ok but very much an amateur noob. I invested a small amount with a Copy Trader and another with one of the AI Smart Portfolios.
My own amateur playing for fun Portfolio is up 8% so far for 2024. I closed both AI and Copy Trader yesterday because they were both underwater - only by about $20 in my case since I didn't put any significant amount with them while testing but, I have zero faith in either being better than me, let alone real Pro's following my small experiment.
Incidentally, I invest in tech companies involved with AI; Nvidia, AMD, ARM, TSM, Qcom, Microsoft, Meta, Crowdstrike, etc as part of my diverse Portfolio and they are flying at the moment, breaking new highs.
The big yin said:
Hi
Has anyone had anything to do with A I investments ,
in which you invest £250 and the system invests it and is supposed to make money.
When these have been mentioned on tv they are immediately informed that they should be removed and not advertised .
We are considering investing but don't know much about them ,
Any advice appreciated .
Thanks
Why would anyone offer it to you, a completely random punter? And why for a worthless £250?Has anyone had anything to do with A I investments ,
in which you invest £250 and the system invests it and is supposed to make money.
When these have been mentioned on tv they are immediately informed that they should be removed and not advertised .
We are considering investing but don't know much about them ,
Any advice appreciated .
Thanks
I have an AI trading system that makes money. Why on Earth would I waste a moment of my time talking to you? I wouldn't. Of course I wouldn't. You know that and you also know that if you had that system nor would you be fannying about advertising for mugs with £250.
So why would I be running ads selling something that claims to make money and why would I set a £250 minimum?
Well the answer is simple. What I am selling cost me nothing other than the marketing spend which is just a bit of social media guff to the fruit and veg masses. Not just the idiots who actually are dumb enough to believe that I would ever waste a moment of my life dealing with someone like that if I had a trading system that made money but more importantly it's also set to appeal to the smarter people who have a gambling problem and who deep down know it's worthless junk but actually think it might ne worth a £250 bet incase they get lucky and it does happen to randomly make some money. What those punters forget is that £250 is just the buy in and they've now given me my opening to sell the next thing to them which is a suite of verbal promises in exchange for an even larger sum of money.
The wheeze is basically the same as diet pills for the fat, greedy and hopefully or thick. Instead of losing weight for doing no work this one is making money for doing no work. In reality, you're just sending money to someone smarter than you. That's it. The fact that they then send you something of not value that takes a month or more for the mug to realise is about limiting chargebacks etc.
Just go and give £250 to your local homeless charity. You get a guaranteed return, you aren't lining the pockets of scumbags who are infinitely smarter than you and the receipt can be framed as proof that you aren't thick as mince.
b
hstewie said:
hstewie said: With all respect to the OP if it's only £250 I can see there might be an argument for "take a punt what's the worst that can happen".
I chucked £500 in Bitcoin on the basis the worst case is I lose the £500.
If he's likely to add more I'd say look at a cheap dumb global tracker in an appropriate tax wrapper.
And that's part of the logic of the scam. I chucked £500 in Bitcoin on the basis the worst case is I lose the £500.
If he's likely to add more I'd say look at a cheap dumb global tracker in an appropriate tax wrapper.
Sticking £500 into an asset yourself isn't the same punt though. Completely different mechanics. This gig is just about using pictures to get stupid people to send you their money for nothing. It's that simple. Post picture that appeals to greedy thickos online, add a few exciting dream words and target thickos just send you money.
$500 buy in is about the peak where the number of punters with the flawed logic of 'it might be worth a bet' begins to fall away sharply.
It's not just about the number of punters who have $500 to bet but more to do with the average global mug having around 5 fellow idiots that he can sell $50-$100 slices of action to.
Like the funded trading wheeze where the mug keeps reloading with $500 buy ins to try and win the $100,000. The mug is selling parcels out to their peer group a lot of the time. Plus, if they did win the $100k they would be on the first flight out of their decrepit hole and leaving their mug peers for dust meaning they're also scammers but just haven't realised it yet.
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