Financial Planning

How To Use AI Investing In Your Portfolio?

AI Investing

When the AI analyzes the market data to find leads, we call it AI investing. Now the question is- how to do AI investing, and where can you use it?

Today, we use ChatGPT, Claude, Gemini, and other platforms for multiple niches. However, they are not restricted to planning dates and parties and searching for relevant data.

You can also pick the winning stocks with prompts like “best stocks for highest income dividend” from ChatGPT. But that’s just one example. Let’s see the dynamic range of elementary benefits that you can draw from AI investing.

Importance Of AI In Investing and Trading

Importance Of AI In Investing and Trading

 AI investing starts with picking the best stocks as per my preferences. If I want to find the best growth stocks, ChatGPT can do that. It will use its natural sympathetic intelligence to search and analyze stock charts. 

At the same time, it will search across brokers’ profiles and other best sources. In the end, you will get the best suggestions. 

Alex Koynoff from ATK says that: …….. Retail investors often lack access to sophisticated systems and data, but AI could potentially level the playing field by assisting with the research.”

Steps to Incorporate AI in Your Investing

Steps to Incorporate AI in Your Investing

You must follow some common steps to reap the best results from AI investing. For instance, your investing goals should be sorted. Then, you must decide which robo-investor to choose and why. Your selection must be oriented to your investing motive niche. 

1. Understand Your Financial Goals

You may use AI investing to boost your investment returns exponentially. We all know that stock trading is more rewarding than any other form of investment. However, suitable AI algorithms can magnify your power to pick stocks manifold. 

You can well understand that it will raise your earnings too. 

Importance of knowing your financial goals

Most investors stick to incumbent goals like:

  • Improving finances through immediate gain,  
  • Maintaining and improving cash flow and  
  • Setting long-term goals

Choosing a suitable investment target also means narrowing the field for finer research. It aids the AI tool to do better research as well. For evidence, if you are looking for long-term investment, you should focus on growth stocks. 

As a result, your prompt will be like – 10 best growth stocks in the US market”. 

2. Choose Your Investing Method

Robo advisers are the epitome of AI investing. But you must know the entire span of its capabilities. Only then can you decide if you can depend on it to make calls while investing? 

Deciding Between Using a Robo-advisor Or Investing on Your Own

In the US, the most popular robo advisers are Wealthfront and Betterment. These apps automate a significant portion of your investing strategies. 

It can outline your investing objectives. At the same time, it can optimize your preferred time horizon. It can even calculate your risk tolerance.

In other words, it can create an investing portfolio customized to your needs as an investor. Wait, are you thinking about the risks of the algorithm going wrong?

In that case, the AI tools can create an optimal mix of prospective individual stocks. You may manually choose from the list. 

3. Select an Investing Strategy

An investment strategy mainly helps you decide the niche of your preferred stocks. 

Determining your investing strategy and utilizing AI to help set it

It’s time you make the critical investing decisions. For that, you need an effective investment strategy. 

In other words, it’s time for you to decide the kind of stocks that you want to invest in. You may also allow the robo advisers to make a mix of asset options according to your portfolio.

The end goal is to maintain your profile’s diversity and keep you profitable. 

4. Identify Your Investing Tools

There are many investing tools to choose from. Your choice depends on the investment strategy. 

Using AI Tools Like Stock Screeners for Stock Selection

For a start, I recommend you use the stock screeners. 

The screening AI apps can select the plausible individual stocks for your portfolio. 

Wait, you’re a beginner and head over heels already. 

I have been in your shoes. So, let me help you. 

The stock screeners can help you with the preset screens. You can always use those template screens to get an idea about the stocks you can invest in for good returns.

5. Start Managing Your Portfolio

Once your portfolio is fixated on specific goals, it’s time to manage your entry and exit positions. 

Utilizing Automated Tools for Managing Positions and Refining Stock Screen Searches

The entry and exit points of your investments keep changing. It depends on the scale of performance of your preferred stocks. 

For instance, tech stocks are highly appreciated stocks in the US market now. So, your entry and exit points will change now. 

Further refinement of my stock screening process would be good. I might need to catch up on the better stocks that have emerged in real time. AI tools can do just the job for me. 

Types of Financial Data Analyzed by AI

Types of Financial Data Analyzed by AI

We have access to the two most viable kinds of financial data in stock analysis. Firstly, you can analyze the stock charts and determine the best-ranking stocks in real-time. Secondly, you can fundamentally analyze stocks with high prospects. 

Fundamental Data Analysis

Now, you can search and analyze any kind of stock fundamentals with AI investing tools. 

If you need to know more about fundamental analysis, you may read the blog; ‘Why do you need fundamental analysis of stocks?”

The bigger question is what sort of fundamental documents AI can interpret:

  • Balance sheets
  • Annual reports
  • Assets and liabilities sheet
  • Newsletters and others

Technical Analysis Tools for Trading Decisions

Technical analysis is the real-time analysis of stock charts

There are many apps for technical analysis during AI investing. 

But my favorite is TrendSpider. Above all, its stock trading and value prediction features are fantastic. 

The highly sophisticated AI algorithm of TrendSpider can do rigorous research using charts and technical signs. 

Its algorithm is most suited for NASDAQ and NYSE stock charts. 

Suitability of AI Investing for Beginners

Suitability of AI Investing for Beginners

I’d say AI investing is the best option for beginners. 

However, you’ve got to be a stock nerd too. Keeping track of the stock market will assist you in making the right investment strategy. 

Robo-advisors as a beginner-friendly option

Robo advisers are suitable for beginners for a reason. Firstly, these tools are more intuitive than technical. So, it will track and study your inclinations and motives while investing. At the same time, it will search the vast canvas to filter the stocks that suit your investment needs. 

Benefits of AI tools like stock screeners for beginners

 The stock screening tools create a preset diverse stock portfolio. That would help you get going in the beginning. 

Investing in AI Stocks

Investing in AI Stocks

In the US market, around 22% of companies are investing in pursuing AI integration across their products and services. At the same time, 33% of the SU companies have integrated AI into their operations. 

 What does it mean for you?

In simple words, it is the best time to start investing in AI companies’ stocks. 

Categories of AI stocks: blue-chip tech companies and small AI developers

The blue-chip companies are tried and tested in the stock market. Equity investors are confident that these stocks will give high returns. 

These are also relatively safe investments and offer better returns in the long run. 

Presently, the top 5 blue chip stocks in the US market would be:

  • Verizon
  • Realty Income Corp
  • McDonald’s Corp
  • American Water
  • Johnson and Johnson

You may invest in the smaller companies too. These companies are working on experimental projects for innovative AI development. So, there is a chance that these stocks will be highly appreciated in the market soon.

Considerations when investing in AI stocks

I urge all investors to do a correct risk profile analysis before investing in AI stocks. 

Sudden regulatory changes, economic downturns, and other misc. factors can impact the value of these stocks. 

At the same time, you must evaluate the growth potential of individual stocks or the preferred stock suggested by AI. 

How to find and invest in AI ETFs?

 ETFs invest in a composite multi-stock portfolio that significantly impacts your profile. At the same time, it reduces the risk of investing in individual stocks. 

The ETFs track AI stock indices like Indxx, CTA, and others. 

Most AI-exposed ETFs will have AI in their names. 

Conclusion

You can use AI investing to process sumptuous market data in a jiffy. So you can make better real-time investment decisions. At the same time, you can make sharper investment decisions by tracking the best stocks. 

Always remember to create an investment strategy and have a purpose to invest. 

You can use AI investing tools even if you are a beginner. However, you must perform an in-depth risk analysis and detect stocks with the highest chances of potential returns.  I believe that AI tools will make market analysis and scoping the best stocks easier in the future.

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Ankita Tripathy

Ankita Tripathy loves to write about food and the Hallyu Wave in particular. During her free time, she enjoys looking at the sky or reading books while sipping a cup of hot coffee. Her favourite niches are food, music, lifestyle, travel, and Korean Pop music and drama.

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Navi

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You can get Navi personal loan with minimal documentation. Furthermore, if your documentation and your Navi loan application are cleared, you will be able to get the loan even within a few minutes. You can get fast personal loans at 9.9% per annum onwards. This digital instant loan app of Navi gives you fast loans, and also at zero processing fees. In this article, you will mainly learn about some of the essential features of Navi personal loans. Apart from that, you will also learn about the Navi personal loan interest rates, as well as eligibility criteria, documentation required, and more. Hence, to learn more about the Navi personal loans, read on through to the end of the article. Navi Personal Loans – A Brief Overview A personal loan is something that you need to meet any financial requirement if you somehow lack finances at the moment. The loan might be needed to pay your credit card bills, wedding, health expenses, buy something important, and many more reasons. Hence, you need a financial company like Navi to offer you personal loans. Navi is just like personal loan-offering companies like India Lends, CASHe, and others. Navi, also known as Navi Finserv, offers personal loans up to ₹20 lakhs (INR). The borrower of the loan can get the amount through the Navi app, and also with zero processing fees. Apart from that, the loans are fully paperless and are available after you share your PAN and Aadhar number. Once your documents are verified, and your loan application is cleared, then you can get the loan in as fast as ten minutes. According to the official website of Navi, “Navi offers instant personal loans with minimal documentation in a 100% paperless manner. Download the Navi app from Play Store or App Store, apply and get your preferred loan amount disbursed to your account within minutes.” One of the best things about Navi personal loans is that you will have access to unsecured loans. 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IPOE Stock – Present Price, Forecast, Statistics – Should You Invest In It In 2022?

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Prediction Of IPOE Stock Price Below, a prediction of IPOE Stock has been put forward for better accuracy while giving the verdict. I have taken into consideration both the historical and forecast data. Take a look: 1. Historical Data  DateOpening priceClosing priceMinimum priceMaximum price2022-04-14Open: 0.510Close: 0.580Low: 0.470High: 0.5802022-04-13Open: 0.5075Close: 0.550Low: 0.465High: 0.5502022-04-12Open: 0.5010Close: 0.550Low: 0.5010High: 0.5502022-04-11Open: 0.510Close: 0.510Low: 0.510High: 0.6202022-04-08Open: 0.452Close: 0.452Low: 0.452High: 0.5702022-04-07Open: 0.550Close: 0.538Low: 0.529High: 0.5502022-04-06Open: 0.540Close: 0.550Low: 0.490High: 0.5502022-04-05Open: 0.450Close: 0.490Low: 0.450High: 0.5302022-04-04Open: 0.570Close: 0.577Low: 0.550High: 0.5772022-04-01Open: 0.460Close: 0.460Low: 0.460High: 0.4602022-03-31Open: 0.450Close: 0.450Low: 0.450High: 0.4502022-03-30Open: 0.450Close: 0.450Low: 0.450High: 0.4502022-03-29Open: 0.450Close: 0.465Low: 0.450High: 0.4802022-03-28Open: 0.451Close: 0.480Low: 0.451High: 0.481 Analysis: The historical IPOE Stock price demonstrated above indicates that from 28th March to 14th April, the IPOE stock price has got an increasing trend. This rising trend is observable in opening price, closing price, maximum and minimum prices. 2. Predicted Future Data May 2022Open: 30.021Close: 31.466Min: 30.021Max: 31.645Change: 4.59 % ▲June 2022Open: 31.296Close: 32.150Min: 30.960Max: 32.396Change: 2.65 % ▲July 2022Open: 32.584Close: 33.335Min: 31.711Max: 33.335Change: 2.25 % ▲August 2022Open: 32.462Close: 33.737Min: 32.462Max: 34.086Change: 3.78 % ▲September 2022Open: 33.840Close: 35.025Min: 33.401Max: 35.025Change: 3.38 % ▲October 2022Open: 34.152Close: 34.903Min: 34.152Max: 35.776Change: 2.15 % ▲November 2022Open: 35.597Close: 36.178Min: 35.091Max: 36.527Change: 1.61 % ▲December 2022Open: 36.281Close: 37.466Min: 35.842Max: 37.466Change: 3.16 % ▲ Analysis: The IPOE stock forecast data above denotes a rise in price from May 2022 to December 2022. This rising trend is observable in all the opening, closing, minimum and maximum prices. 52 Week High And Low Of IPOE Stock Price Here are the 52-week high and low values of IPOE Stock in 2022. I have bifurcated the data into two parts - Historical and forecast data. 1. Historical Data 52 Week High52 Week Low21.814.14 2. Predicted Future Data 52 Week High52 Week Low31.64521.007 IPOE Stock Performance By 2022 Analysis: As you can see in the graph above, the 4-year IPOE stock forecast is explained. From April 2023 to April 2026, a sharp upward rising trend is noticeable in IPOE stock price. So, it’s evident that it’s worthy of investment in 2022. IPOE Stock Performance By 2023 January 202336.59338.03836.59338.2173.8 % ▲February 202337.86838.78937.53238.9682.37 % ▲March 202338.61939.90738.28339.9073.23 % ▲April 202339.03440.65839.03440.6583.99 % ▲May 202339.78541.06139.78541.4093.11 % ▲June 202341.16342.34840.72442.3482.8 % ▲July 202341.47542.22741.47543.0991.78 % ▲August 202342.92043.60442.41443.8501.57 % ▲September 202344.03844.78943.16644.7891.68 % ▲October 202343.91745.36143.91745.5403.19 % ▲November 202345.19246.04544.85646.2921.85 % ▲December 202346.47947.23145.60747.2311.59 % ▲ Analysis: For the coming year, that is 2023, the IPOE stock price would rise from January 2023 to December 20223. The changes highlighted in the extreme right column are all positive which is quite impressive. Frequently Asked Questions (FAQs) 1. What Is The IPOEStock Price Today? The IPOE Stock Price today is $22.010 USD. 2. Will IPOE Stock Price Go Up? Yes. In a year, the IPOE stock price might rise from 22.010 USD to 31.645 USD. 3. 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Dhani

Dhani Loans & Services Limited – Background And Services

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Online Healthcare: With the Dhani Card, you can get online consultations from doctors through various online portals 24x7. Dhani Online Shopping Store Dhani has its own shopping store from where you can buy various products. While they initially started out as a provider of pharmaceutical products, they soon expanded to provide products like: Groceries Pharmaceutical Products Electronics Home and kitchen equipment Household products Personal care and beauty care products Baby care products Books and stationery items Healthcare products Pet care products Clothes and fashion accessories Toys and games Sports and fitness products Jewelry and fashion accessories Footwear Dhani Stocks Limited With Dhani Stocks Limited, you get access to stock trading on the Indian Stock market in the easiest way possible! There are various benefits of joining and trading in stocks using this platform. The most significant benefits are: Real-Time Stock Quotations: If you wish to buy stocks of a specific firm, you will get real-time updates regarding their stock prices. In-Depth Stock Market Analysis: Members will get various reports that will show metrics regarding the condition of the market and get predictions about rises and falls in stock prices of multiple companies. Customizable Watchlists: If you are interested in buying stocks of specific companies, you can create a watchlist to receive real-time stock price updates and news about them, tailor-made specifically for you! Trading Consultancy: If you are new to stock trading and want to invest most profitably, you can get trading consultancy using this app. Mobile Trading Platform: With the Dhani app, you get a platform to trade stocks from various platforms, which you can access anywhere, anytime. You can trade stocks using the app, website, and direct calls. Dhani Services Share Prices If you wish to invest in this company by buying Dhani shares, the current share price as of April 2023 is ₹67.75. Here is a share chart showing its fluctuating share prices in the last few months: Image Dhani Controversies In 2023, every company is flawed, even if they look to be. Every company faces its own set of issues, affecting customers and creating controversies. In this regard, Dhani has faced several controversies in the last few years. Some of the most prominent controversies that Dhani loan has faced so far are: The former non-executive Director of the company came close to doing so in 2019. That year, she and her husband possessed unpublished business information, which they used as part of an “insider trading plan” to raise Dhani stock prices. After being caught in this act, they were impounded for ₹87,20,000 ($106,781) by the Securities and Exchange Board of India. The company expressed an “inability to make a formal statement” when several women doctors were sexually harassed on their online doctor consultation forums amidst the Covid lockdowns of December 2020. A detailed report of this incident was published by the Times of India newspaper. A glitch in the Dhani Loan app confused many users when they received a message to pay for loans they had never taken in April 2021. The company issued a formal apology for this inconvenience later on. Dhani was accused of several data breaches and misuse of personal financial information by many users in February 2022. Here, users claimed that their personal account numbers were used by unknown third parties to get loans in their names. This act was done without the consent and permission of the users. Moreover, this caused the people's credit scores to significantly drop, for loans they never took as a defaulter. Conclusion Dhani is a well-established fintech and health tech company previously known as Indiabulls. It has become a significant presence in the Indian stock market, providing various services like a personal loan service and an e-commerce store. Explore More: HYIP Projects: Features Becoming A Landlord – What Should You Include In Your Budget? IPOE Stock – Present Price, Forecast, Statistics – Should You Invest In It

Right Stocks

How To Choose The Right Stocks: Tips For New Investors

Fundamental and technical analysis are two common methods for identifying and picking stocks.   Fundamental analysis examines a company's business and industry conditions to identify stocks with strong growth potential at a good price, typically used for longer-term trades.   Technical analysis, on the other hand, identifies statistical patterns on stock charts to predict future price and volume moves, typically used for shorter-term trades.  Beginners in the stock market can find it intimidating. However, understanding basic trading and understanding how to buy share online can make it easier.   Various methods, like attending financial events or using online platforms, can help pick stocks.   Therefore, investors with a long-term horizon have an advantage over Wall Street's short-term focus, making informed decisions.  This article will help you with effective tips and strategies for selecting the best stocks.  Tips To Choose The Right Stocks  Here are some of the top tips that can help you pick the right stocks for your investment—  1. Finalize Your Goal  Every investor comes with unique goals for their portfolios.   However, most young investors aim to increase their portfolios over time. Older ones, on the other hand, focus on capital preservation as they near retirement.   Also, some investors are more interested in generating regular income through dividends and distributions.   Nevertheless, considering your goals when investing is important, as there are no rules.  For income investors, look for stocks with good dividend yields and cash flow to support those dividends. Younger companies with promising revenue growth but unstable earnings are attractive to growth investors.   For capital preservation investors, look for stalwart businesses with steady and predictable profits.   Therefore, it's important to consider your age and goals when selecting companies to invest in.  2. Understand The Business Where You Invest  When buying stock, you become a partial owner of a business. Therefore, without understanding the business, you risk failure.   Trusting yourself to own a company fully means you need help understanding that more than appointing great management is necessary to ensure their performance.   You can find competing companies everywhere, and they can impact you indirectly.   For example, when you buy medicine at a pharmacy, you know who makes the equipment and who buys the spare parts.   When you get a car fixed, you know who makes the spare parts and who makes the spare parts.   Therefore, using these companies as a starting point for research and finding competitors in each industry can help you understand how a business makes money.   If you need to understand how a business makes money fully, you may need to research or find a different company.  3. Evaluate The Market Before Investing  Before adding a position, consider the broader market's movement, as 75% of stocks move with it.   Moreover, buying stocks when the market is trending increases the chances of successful trades.   The moving average of a major index, such as the S&P 500® Index, can show market momentum.   Therefore, potential events like Federal Reserve policy meetings or earnings announcements should be considered. These events can affect your trading.   Thus, following the market closely and investing when the market is trending up can increase your chances of success.  4. Determine A Fair Price  Investors should consider various metrics to assess a stock's current price and value. These metrics include the following:  Price-to-earnings ratio (PE).  Price-to-sales ratio (PS).  Discounted cash flow modeling.  Dividend yield.   The PE ratio is suitable for established companies with steady profits and growth, while the PS ratio is more suitable for growth stocks with unstable earnings. Historical averages can be a good guide, but future expectations should be considered.   Next, discounted cash flow modeling involves estimating revenue growth, profit margin, and expenses for the next few years. Consequently, these factors are discounted by the required rate of return and divided by the number of outstanding shares.   Dividend yield is also crucial, as an above-average yield may indicate a good stock price. Investors should avoid yield traps and develop their own dividend discount model.  5. Maintain Your Safety Margin  To ensure successful stock picking, buying companies trading below your estimate for a fair price, known as your margin of safety, is crucial.   This helps prevent losses if your valuation needs to be corrected. A 10% margin of safety is sufficient for stable earnings and a strong outlook.   For growth stocks with less predictable earnings, a wider margin of safety of 15% to 30% is recommended. This ensures protection in unexpected events, such as a new challenge or a larger company entering the market.   It is not necessary to get the lowest possible price for a stock; trust your research and take the price when it looks good. Building a diversified portfolio of stock picks across various sectors can lead to winning investments.  Technical Signals When Selecting Stocks  Technical analysis is a crucial tool for stock selection, consisting of three steps:   Stock screening.  Chart scanning.  Setting up the trade.   Stock screening involves identifying a list of 20-25 candidates using technical criteria narrowing it down to three or four candidates by scanning the charts.   Moreover, the chosen candidate may be considered trading after a detailed chart analysis. To set up a screen, consider factors such as price and market capitalization, sectors and industries, and momentum.   Long-term investors look for strong sectors and industry groups, while short-term investors should look for weak ones.   Momentum traders typically identify strong, uptrending stocks for buys and weak, down-trending stocks for shorts.   After compiling a list of candidates, look for those with good entry points, such as breakouts or pullbacks.  The Virtual World Of Stocks  Online investing is popular for many investors due to its ease of use, commission-free trading, and easy-to-use platforms.   Moreover, opening a brokerage account with an online broker takes only a few minutes and requires basic personal information.   Funding can be done through a check or electronic transfer. Online trading allows trading dividends, tech, and other stocks, with options available for a small fee.   However, penny stocks, defined by the SEC as those selling for less than $5 per share, should be viewed with caution due to their volatility and potential for manipulation.   It is essential to research the company's business before making a decision to invest in online trading.  Read Also: Simple Tips To Diversify Your Stock Portfolio Backorder Vs Out Of Stock: Essential Things To Know About It