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Whitaker-Myers Wealth Managers is an SEC-registered investment adviser firm. The information presented is for educational purposes only and intended for a broad audience. The information does not intend to make an offer or solicitation to sell or purchase any specific securities, investments, or investment strategies. Investments involve risk and are not guaranteed. Whitaker-Myers Wealth Managers reasonably believes that this marketing does not include any false or misleading statements or omissions of facts regarding services, investment, or client experience. Whitaker-Myers Wealth Managers has a reasonable belief that the content will not cause an untrue or misleading implication regarding the adviser’s services, investments, or client experiences. Please refer to the firm’s ADV Part 2A for material risks disclosures.

Past performance of specific investment advice should not be relied upon without knowledge of certain circumstances of market events, the nature and timing of the investments, and relevant constraints of the investment. Whitaker-Myers Wealth Managers has presented information in a fair and balanced manner.

Copyright (c) 2023 Clearnomics, Inc. and Whitaker-Myers Wealth Managers, LTD. All rights reserved. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness, or correctness of the information and opinions contained herein. The views and the other information provided are subject to change without notice. All reports posted on or via www.clearnomics.com or any affiliated websites, applications, or services are issued without regard to the specific investment objectives, financial situation, or particular needs of any specific recipient and are not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not necessarily a guide to future results. Company fundamentals and earnings may be mentioned occasionally, but should not be construed as a recommendation to buy, sell, or hold the company's stock. Predictions, forecasts, and estimates for any and all markets should not be construed as recommendations to buy, sell, or hold any security--including mutual funds, futures contracts, and exchange traded funds, or any similar instruments. The text, images, and other materials contained or displayed in this report are proprietary to Clearnomics, Inc. and constitute valuable intellectual property. All unauthorized reproduction or other use of material from Clearnomics, Inc. shall be deemed willful infringement(s) of this copyright and other proprietary and intellectual property rights, including but not limited to, rights of privacy. Clearnomics, Inc. expressly reserves all rights in connection with its intellectual property, including without limitation the right to block the transfer of its products and services and/or to track usage thereof, through electronic tracking technology, and all other lawful means, now known or hereafter devised. Clearnomics, Inc. reserves the right, without further notice, to pursue to the fullest extent allowed by the law any and all criminal and civil remedies for the violation of its rights.

  • Summit Puri

Artificial intelligence in Investing

Artificial Intelligence (AI) is a hot-button topic and has been for many years now. At the 2024 CES (Consumer Electronics Show) in Las Vegas, every vendor had some form of AI on display. Utilizing various forms of machine learning, neural networks, computer vision, natural language processing, and, of course, artificial intelligence. We can spend hours digging into how each is different and their various use cases, but in this article, we’ll focus primarily on understanding how these new technologies are being used in finance and investing to strengthen our understanding of what is next.

 

To be with or without AI: That is the question!

Tropicana launched a campaign saying they’re ditching “AI” and are going ‘all natural.’ The ironic piece is that there isn’t anything artificial about their orange juice, and thus, they’ve always been without “AI.” 

 

For most of us, having some form of AI in our lives makes our day run a little bit smoother. Some examples of this are an automation script that turns the lights on when I walk into the room, sets a timer to automatically turn off a screen at a specific time (great tip for the kiddos!), or one that even opens your car door as soon as you reach for the handle. This little automation can add up to significant time savings, but more importantly, it allows us to focus on more critical or complex tasks. 

 


 

Focusing on the Value Add

Removing the non-value-added tasks from our work or home lives is not something I would ever complain about. In finance and investing, we see the integration of AI helping remove many menial tasks that limit productivity and impact. Using AI to analyze vast data sets, identifying hidden patterns, and even predictive modeling have all become much easier because of it.  

 

Many years ago, large databases were the golden ticket to the market. If you knew how to use a spreadsheet tool to comb the data and manually find the minor correlation, you could have made millions. Now, being able to unlock the power of the data is available to all. Diving deep into these vast data sets, including historical trends and correlations between markets and sectors, can be concluded in minutes. AI and technology have made it much more accessible for all of us to track financial metrics in real-time.

 

Other Areas of AI Integration

By far, the most significant and most obvious use of AI is in finance/investment data. However, that is not the only place where AI lives in finance. Algorithmic trading, portfolio optimization, sentiment analysis, and even Robo-advisors are all other points of integration. Algorithmic trading completes trades based on pre-defined parameters, limiting the fear of missed opportunities (finance FOMO). Portfolio optimization allows investors to construct diversified portfolios with their risk tolerances in mind. Rebalancing can also be automated through some platforms. Sentiment analysis uses AI to read articles or social media posts to gauge investor sentiment toward the company or sector. Robo-advisors are AI-powered platforms that provide automated investment advice and portfolio management.

 

What is next for AI and Investing?

Mic Drop! Robots are taking over starting next week!  Well, not exactly. Lucky for us, we’re not there yet.

 

I predict that AI will continue to drive innovation and speed in the industry. We’ll see more of these in-depth analyses conducted by AI, some interpreted and some even giving next-step recommendations.  This is where it gets tricky. Almost all foresight (prediction) models take historical trends, seasonality, variability, and various key data point injections into account (new leadership, new technology, new billing…) to compute the projections. History is important, but it doesn’t always repeat, nor can we accurately predict what it will bring. What we do know is that over the long term, investments in the market do well.  Consistent investing with compound interest is key to success as well. This is why we highly recommend a financial advisor who acts as a fiduciary for you and has the heart of a teacher to walk with you. Our team at Whitaker-Myers Wealth Managers focuses on the intangibles and has the analytical power of Robo-advisors with the human touch to provide you with the best experience on your journey. If you don’t have an advisor, please contact anyone on our team, as they are ready to help answer your questions.

 

If you’d like to submit a question for Summit to Answer, please click here.

Whitaker-Myers Wealth Managers is an SEC-registered investment adviser firm. The information presented is for educational purposes only and intended for a broad audience. The information does not intend to make an offer or solicitation to sell or purchase any specific securities, investments, or investment strategies. Investments involve risk and are not guaranteed. Whitaker-Myers Wealth Managers reasonably believes that this marketing does not include any false or misleading statements or omissions of facts regarding services, investment, or client experience. Whitaker-Myers Wealth Managers has a reasonable belief that the content will not cause an untrue or misleading implication regarding the adviser’s services, investments, or client experiences. Please refer to the firm’s ADV Part 2A for material risks disclosures.

Past performance of specific investment advice should not be relied upon without knowledge of certain circumstances of market events, the nature and timing of the investments, and relevant constraints of the investment. Whitaker-Myers Wealth Managers has presented information in a fair and balanced manner.

Copyright (c) 2023 Clearnomics, Inc. and Whitaker-Myers Wealth Managers, LTD. All rights reserved. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness, or correctness of the information and opinions contained herein. The views and the other information provided are subject to change without notice. All reports posted on or via www.clearnomics.com or any affiliated websites, applications, or services are issued without regard to the specific investment objectives, financial situation, or particular needs of any specific recipient and are not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not necessarily a guide to future results. Company fundamentals and earnings may be mentioned occasionally, but should not be construed as a recommendation to buy, sell, or hold the company's stock. Predictions, forecasts, and estimates for any and all markets should not be construed as recommendations to buy, sell, or hold any security--including mutual funds, futures contracts, and exchange traded funds, or any similar instruments. The text, images, and other materials contained or displayed in this report are proprietary to Clearnomics, Inc. and constitute valuable intellectual property. All unauthorized reproduction or other use of material from Clearnomics, Inc. shall be deemed willful infringement(s) of this copyright and other proprietary and intellectual property rights, including but not limited to, rights of privacy. Clearnomics, Inc. expressly reserves all rights in connection with its intellectual property, including without limitation the right to block the transfer of its products and services and/or to track usage thereof, through electronic tracking technology, and all other lawful means, now known or hereafter devised. Clearnomics, Inc. reserves the right, without further notice, to pursue to the fullest extent allowed by the law any and all criminal and civil remedies for the violation of its rights.

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