A I safe to invest?

[The big yin]

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

[egomeister]

You've got nothing to lose but your money

[LooneyTunes]

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.

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”.

[Jon39]

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.

[dingg]

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.

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

[mikey_b]

Here's some advice: don't walk - run.

[Hustle_]

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.

Really?

[Simpo Two]

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?

[Mr Overheads]

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....

[Hustle_]

To be honest I can see that there could be some advantages using an AI to invest, considering that the emotional human brain often behaves irrationally (buying shares superficially on recent performance and then selling when they stagnate or slump).

[rpguk]

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?

Edited by rpguk on Friday 19th January 15:29

[LooneyTunes]

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?

There are lots of different ways to use software for trading, including (for example) analytics through to high frequency trading. The main theoretical benefit AI brings is for systems to learn on an ongoing basis rather than being more rigidly tied to pre-determined rules.

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.

[NowWatchThisDrive]

I've been out of the game a little while now, but spent most of my career researching and running quantitative/systematic trading strategies at banks and hedge funds, so I know a bit about the space.

For what it's worth, I wouldn't touch with a thousand foot pole anything that's being pushed on retail punters as a purportedly "AI"-driven investment or trading offering.

[The big yin]

Thanks for all the replies and sensible advice .
I think I will forget about it and buy shares or premium bonds.

[Jon39]

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....

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.

[bitchstewie]

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.

[YorkshireStu]

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.

[durbster]

It seems the world's grifters and scammers have gone through all their material and gone:

1. Find "blockchain"
2. Replace with "AI"

Just as they did with "crypto", "NFT", "web3". It's the same story over and over, but it seems to work every time. The money keeps pouring in.

[bitchstewie]

Timely.

AI heralds the next generation of financial scams

[DonkeyApple]

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?

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.