Imagine asking ChatGPT, ‘What stocks should I buy?’ and getting instant investment advice. For 1 in 10 retail investors, this isn’t sci-fi—it’s reality. AI-powered chatbots are shaking up finance, offering stock-picking tools once reserved for Wall Street elites. But is it smart money—or just a risky trend? 💸
Fueled by AI’s rapid growth, the robo-advisory market is set to explode by 600% by 2029, hitting nearly $500 billion in revenue, per Research and Markets. From fintech apps to big banks, algorithms now analyze markets faster than any human—and young investors are all in. 🚀
Take Jeremy Leung, a former UBS analyst who turned to AI tools after losing his job. ‘No Bloomberg terminal? No problem,’ he says, using chatbots to manage his portfolio. He’s not alone: 13% of retail investors already use AI to pick stocks, with half open to trying it, per eToro’s global survey of 11,000 users.
But experts urge caution. ‘AI models can be brilliant, but they’re not crystal balls,’ warns eToro’s Dan Moczulski. Generic chatbots might misquote data or rely too much on past trends, he says. The fix? Use platforms specifically trained for markets—and never skip your own research. 🔍
So, should you let a bot manage your money? For now, think of AI as a high-powered sidekick—not a replacement for human wisdom. After all, even tech needs a reality check. 😉
