Is A.I. Investing A Good Thing?

Is A.I. Investing A Good Thing?
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[@BarbellFinancial]

Robo advisors can be a better alternative for many people who still want help managing their investments, but want to pay less in fees than traditional advisors charge.

[@truth.speaker]

Can they? Yet?

[@moggekungen]

That’s what he said…

[@TheFirstRealChewy]

Its the same whether its $1 or $1 million.

[@alexknaus4511]

Thanks Dave

[@willbrady4929]

Classic Edward Jones advisor type response

[@Stellar-Cowboy]

A chatbot’s area function is text. Not investing. Investing specific bots are coming and you’re not ready for them.

[@arlindblaze4148]

They are boomin

[@anthonyhenderson892]

​@@arlindblaze4148what happens when everyone uses the same a.i.

[@johnzhang2487]

You are asking a financial advisor that will be replaced by robot. You know exactly what he is going to say.

[@cantthinkofaname1132]

Exactly what posted!

[@Enzo-hh2zq]

Dave is not a financial advisor. He’s an educator

[@jasondeaver2117]

Everyone is expecting ai to take over blue collar jobs that's not the jobs they are gunning for it's the high paying white collar jobs

[@notfromthisworld7558]

I agree with David here is crazy any other way AI loses he won’t even say sorry 😂😂😂😂

[@harrisonwintergreen1147]

Beep boop invest all your money in tulips 🌷

[@curedham2963]

hey maverick of wall street 😂

[@anotherunknownpoet1162]

F yeah baby. 😂😂😂

[@miguelbreton6723]

Save like dave ramsey and invest like warren buffett 😅

[@daveyjones9506]

10 likes is a joke. Algorithm keeps people where they're at. I've been a subscriber for years and this is the first hit I've gotten in many many months.

[@janjanicek3244]

Wow handsome man 😘

[@briansamaniego-howard1806]

If you got yourself a mil, you understand full well how you got it and what to do to get the next mil. Not that i have a mil, just saying

[@jordanmadden7388]

Making money is half the battle. Getting access to it while paying as few taxes as possible is the second half.

[@jordanmadden7388]

Making money is half the battle. Getting access to it while paying as few taxes as possible is the second half.

[@anthonyhenderson892]

​@@jordanmadden7388seems like having a trustworthy accountant will eventually be the biggest obstacle

[@user-vk9nn7cs9b]

AVP 👽 True / let's call it a loan / but the money 💰 wasn't a big deal 🤝..../ Until .....then the murders

[@playcousin5497]

Did you have to get the zoning changed for the Medicaid housing?

[@jimmymcgill6778]

It have been used for the last two decades. It is not new.

[@kennethchildress4454]

Why would you not use it to manage more . And use it to start out that doesn’t make sense? Starting out the risk is greater as one stands to lose more due to have less. I would think that using it when one has made a significant amount. Why would you tell people starting out it’s good to use. Yet not when one establishes more revenue? Doesn’t make sense Dave.

[@cantthinkofaname1132]

Because people like him stand to lose money if AI does their job.

[@Kobo-]

It's more about how much money you feel comfortable in letting a robo advisor manage, that's what he's referring to. You can use a robo advisors as a small account, and it is really good. I have a robo advisor and it's amazing. Obviously, not financial advice

[@anthonyhenderson892]

Dave doesn't trust the A.I. with big money. And then the A.I. runs off to some beach with cherry 2000.

[@cantthinkofaname1132]

He said no because it would cost jobs like his. Foh!

[@DanielDuhon]

AI is terrible. I don’t care how “cool” it is, it should NOT be developed. Period.

[@thisizdub]

I wouldn't put all my eggs in 1 basket but you'd have to know these AI stocks will soar at some point. I'll pass on AI bots investing my money though

[@T.S.000]

I actually did an experiment between the Robo-advisor vs a human-managed mutual fund. In Jan., 2018, I opened up each account and deposited $50,000 into each of them. As of yesterday (07/03/24), I have $103,790.69 in my Robo-advisor acct. and $103,420.45. in my mutual fund . The management fee for the Robo-advisor is 0.25% vs 0.75% for mutual fund.

[@TunLeng-bg2dr]

❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤very very good happy ❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤

[@samantha1877]

Help me...

[@Kobo-]

A robo advisor invest automatically for you, if that was your question

[@jasontell7481]

AI is managing billions of dollars of investment money.

[@colin1818]

Most robo investing is just indexing. You better believe I'd index a million dollars. In fact...I do the better part of that in an index already.

[@billb945]

Chatbots don't have anything to do with investing. Dave knows this, but he has a propensity to lie even when he doesn't have to. Just like Hillary Clinton.

[@SamanthaGloss]

So what if you had 10 million to risk you wouldn't

[@urbanlegendd6646]

His lizard brain is in survival mode…lmao scared of gettin replaced

[@derrickadams6973]

It’s crazy to think so it works like robots lol who trust those things is nuts I can’t understand how they would let someone let them use the system and get away with it. Has to be a scam or something lol 😂 not Dave’s thing

[@jay-ti4bt]

2023

[@johnmcho]

Most of the time its just an algorithm. Human advisors look at the data and invest accordingly. Robo advisors do the same thing, it just takes forever to program it. But once it's done, it'll work just as well for simple advising. I think Dave is spot on here for the average investor.

[@T.S.000]

I actually did an experiment between the Robo-advisor vs a human-managed mutual fund. In Jan., 2018, I opened up each account (Wealthfront vs C. Schwab) and deposited $50,000 into each of them. As of yesterday (07/03/24), I have $103,790.69 in my Robo-advisor acct. and $103,420.45. in my mutual fund. The management fee for Wealthfront is 0.25% vs 0.75% for Schwab.

[@hartmanzach18]

Dave is such a boomer

[@McFlashh]

I don't know why people come to this guy for financial advice, he hates on crypto and tech stocks.