[ad_1]
As we pivot into week 14 of our ongoing series “Is ChatGPT A Better Financial Advisor?” series, the stakes keep heightening.
With 14 weeks in the rearview, let’s see if ChatGPT can inch closer to the stalwarts of Wall Street. As a reminder, we’ve handed ChatGPT a cool $10,000 (hypothetically, of course) to see if its portfolio recommendations can compete with some of the market’s heavyweight funds like the SPDR S&P 500 SPY and the Invesco Trust Series 1 QQQ.
Also Read: New Photo Shows Just How Aggressive The Tesla Cybertruck Can Look
Here’s How They Stack Up After 14 Weeks:
Fund/ETF | 14-Week Performance |
SPDR S&P 500 | +8.64% |
Invesco QQQ Trust | +13.98% |
Schwab Total Stock Market Index Fund | +9.51% |
Vanguard Growth Index Fund | +11.29% |
Vanguard Value Index Fund | +6% |
iShares MSCI EAFE ETF | -1.25% |
Vanguard Total International Bond Index Fund | +0.48% |
Fidelity Contrafund | +12.88% |
T. Rowe Price Growth Stock Fund | +11.6% |
Fidelity Total Market Index Fund | +9.53% |
ChatGPT | 14-Week Performance |
Benzinga’s ChatGPT Portfolio | +9.45% |
ChatGPT’s portfolio reeled back over the last week, reflecting broader market trends. The portfolio is now in seventh place.
Let’s spotlight a couple of movers: Tesla Inc TSLA, while still up overall, pared some gains over the week. We’re up 45% on the position. On the flip side, AT&T Inc T is attempting a recovery, though still lagging, down nearly 14% from our series’ outset.
We’re holding all positions through a six-month timeframe.
Here’s a look at the stocks in our AI-driven portfolio, and if you missed the action from last week, catch the recap here.
Investing, as they say, isn’t about the short game. As we push through this six-month journey, remember that market winds change direction. While we’re putting AI to the test against some of the big dogs, it’s essential to remember: ChatGPT doesn’t harness the real-time dynamism of the market yet.
What we’re aiming for here isn’t to herald the era of robot advisors, but to stir the pot and get investors thinking: How does AI fit into our financial future?
Join us next Wednesday as we roll into week 15 of the “Is ChatGPT A Better Financial Advisor?” journey. The game’s still wide open!
Read next: Stocks Retreat, Nasdaq Hits 4-Week Low, Energy Sector Rallies: What’s Driving Markets Wednesday?
Photo: Shutterstock
[ad_2]
Source link