Catalina Norena Valderrama
๐™ƒ๐™ค๐™ฌ ๐™„ ๐™ช๐™จ๐™š ๐˜ผ๐™„ ๐™›๐™ค๐™ง ๐™ž๐™ฃ๐™ซ๐™š๐™จ๐™ฉ๐™ž๐™ฃ๐™œ? It is undeniable that in just a few years AI has become an incredibly important part of all of our lives. With this post I wanted to share with you some proper ways I actively use this technology to my benefit in the investing world. ๐ˆ ๐๐จ ๐ง๐จ๐ญ ๐ฎ๐ฌ๐ž ๐€๐ˆ ๐ญ๐จ ๐ญ๐ก๐ข๐ง๐ค ๐Ÿ๐จ๐ซ ๐ฆ๐ž, and I would not recommend anyone to use it for that purpose. I see it more as an ๐ข๐ง๐œ๐ซ๐ž๐๐ข๐›๐ฅ๐ž ๐š๐ฌ๐ฌ๐ข๐ฌ๐ญ๐š๐ง๐ญ ๐š๐ง๐ ๐ฌ๐จ๐ฎ๐ง๐๐ข๐ง๐  ๐›๐จ๐š๐ซ๐, but ๐๐Ž๐“ ๐š๐ฌ ๐š ๐ซ๐ž๐ฉ๐ฅ๐š๐œ๐ž๐ฆ๐ž๐ง๐ญ ๐Ÿ๐จ๐ซ ๐œ๐ซ๐ž๐š๐ญ๐ข๐ฏ๐ข๐ญ๐ฒ ๐š๐ง๐ ๐ข๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง. My investment inspiration comes from day-to-day life, past experiences, the books I am reading, financial news, interaction with friends and observations of the world around me. Some of the areas I use and recommend AI: ๐Ÿ‘‰ As a ๐—Ÿ๐—ฒ๐—ฎ๐—ฟ๐—ป๐—ถ๐—ป๐—ด ๐—ง๐—ผ๐—ผ๐—น: The first step to become a good investor is having a strong foundation. You have many learning sources online (Have you checked eToroโ€™s academy btw?), but depending on your time, interests and personal situation, you could ask AI to create a more personalized system for you. Bonus point. Learning without feedback is nothing, so donโ€™t forget to add evaluations to your study program. ๐Ÿ‘‰ As an ๐—”๐˜€๐˜€๐—ถ๐˜€๐˜๐—ฎ๐—ป๐˜: If you want to use AI for this purpose, make sure you always cross-check what is being said, and never just take its outputs at face value. Sources are everything, and you should always request sources for any hard statements if not already provided. Moreover, you should check if these sources are actually valid. If your AI engine canโ€™t provide adequate sources, I recommend providing the documentation and/or sources yourself. One time I asked it to check a prospectus of a company, and there were things it said that simply were not true (I know because I had the actual prospectus in my hands). So upload your own documents and then ask for a summary if that is what you have in mind. ๐Ÿ‘‰ As a ๐—ฆ๐—ผ๐˜‚๐—ป๐—ฑ๐—ถ๐—ป๐—ด ๐—•๐—ผ๐—ฎ๐—ฟ๐—ฑ: This is where AI can really be fun and what I actually use it for the mostโ€ฆ You can use AI as a way to dig deeper into the concepts or ideas you have in your mind. In the screenshots you see in the image below, you will see an active example of how I used AI the other dayโ€ฆ I was checking some notes from my Masters (I wish I had it back then) and wanted to dig deeper into some risk management concepts. AI worked as an incredible helper and allowed me to discover different nuances to my own thoughts. I hope this can be helpful for you as well and if you wish to share some insights in your use of AI I would love to hear them. Wishing you a great Tuesday! Cata.
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