“Alexa, buy a stock that has the best chance of going up between 1% and 3% today.” Could the complexity of financial research ever become this simple? The answer is yes. New developments in artificial intelligence (AI) and machine learning (ML) are disrupting the underwriting process, portfolio composition, robo-advising, research and virtually every corner of fintech.
Someday, you’ll have reliable AI that can analyze your specific investing style, alert you as to where opportunities lay hidden and offer you hard-hitting analyses to stay informed. This is vital because sound financial systems underpin economic growth and development, and they’re the engine behind the civilized world in advancing shared prosperity and reducing class inequality.
And making investing accessible is critical. Class division is more severely disproportionate in the ownership of financial assets than in the distribution of income. The top 1% of wealthy Americans control about 38% of the stock market, and the top 10% have 84% of all of Wall Street portfolios’ value, according to the results of the Federal Reserve’s 2019 Survey of Consumer Finances.
Continue reading: https://www.forbes.com/sites/forbestechcouncil/2021/09/22/how-ai-will-democratize-access-to-investing/?sh=37f61b0f2a1b
Someday, you’ll have reliable AI that can analyze your specific investing style, alert you as to where opportunities lay hidden and offer you hard-hitting analyses to stay informed. This is vital because sound financial systems underpin economic growth and development, and they’re the engine behind the civilized world in advancing shared prosperity and reducing class inequality.
And making investing accessible is critical. Class division is more severely disproportionate in the ownership of financial assets than in the distribution of income. The top 1% of wealthy Americans control about 38% of the stock market, and the top 10% have 84% of all of Wall Street portfolios’ value, according to the results of the Federal Reserve’s 2019 Survey of Consumer Finances.
Continue reading: https://www.forbes.com/sites/forbestechcouncil/2021/09/22/how-ai-will-democratize-access-to-investing/?sh=37f61b0f2a1b
