The big difference between this AI tool and a financial advisor of flesh and blood is that the latter should take into account your individual financial situation, says Nordnet's savings economist Frida Bratt.
SPP's savings economist Shoka Åhrman reacts to the fact that the answers that come via Chat GPT lack in-depth analysis and are very focused on the Stockholm stock exchange specifically.
The market diversification is not always as it would be if you had actually taken the help of an advisory tool or sat with an advisor.
The savings economists agree that AI can be used as a tool to gather information. Avanza's savings economist Philip Schoulzé points out that the information is a good introduction that is easy to overview.
The savings economists, however, agree that everything needs to be double-checked, not least how current the information provided is.
A disadvantage of AI lies in its nature, it bases everything on historical data, says Frida Bratt.
SPP's savings economist Shoka Åhrman points out that Chat GPT primarily takes up the specific stocks that are popular or discussed right now.
Companies that are specifically attractive right now do not necessarily have to be profitable in the long term.
Do you think you can use AI for investment advice?
Frida Bratt: I think AI generally works best as an information gatherer, even if the information must be verified and double-checked, and as a very general and encouraging friend when anxiety becomes large during temporary downturns.
Shoka Åhrman: It is a beginner's alternative for gathering information, but not something to base your entire savings capital on.
Philip Schoultzé: I absolutely think you can use AI as a tool when you do research on companies that you are curious about investing in. See an AI bot as a sounding board, but do not take the answers for absolute truth. AI bots can also make mistakes and give you information that is not correct.
