{"id":543760,"date":"2023-07-21T18:53:17","date_gmt":"2023-07-21T18:53:17","guid":{"rendered":"https:\/\/uniquehot.com\/?p=543760"},"modified":"2023-07-21T18:53:17","modified_gmt":"2023-07-21T18:53:17","slug":"we-gave-chatgpt-20000-to-invest-and-this-is-how-it-spent-it","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/research\/we-gave-chatgpt-20000-to-invest-and-this-is-how-it-spent-it\/","title":{"rendered":"We gave ChatGPT $20,000 to invest and this is how it spent it"},"content":{"rendered":"
2023 has seen the rise of AI, with programs such as Bard and ChatGPT offering answers to any and all queries, ranging from what the weather is to writing college essays. We all know AI is based on machine learning, but how much can we trust the advice it gives? We wanted to find out if we can trust these programs, so we gave ChatGPT a budget of $10k to invest in stocks and $10k to invest in cryptocurrencies, subsequently following the advice provided.\u00a0<\/span><\/p>\n
Before following this advice, it is worth noting ChatGPT states the information given is not financial advice, and consulting with a financial advisor is always recommended. ChatGPT also suggests doing your own research to make more informed decisions regarding which stocks are worth investing in.<\/p>\n
The program provides further advice for cryptocurrencies, stressing the volatility of cryptocurrencies and the importance of considering your financial situation when making investment decisions. Regularly reviewing your portfolio based on market conditions and investment performance is also advised.<\/p>\n
The Breakdown<\/b><\/h2>\n
It took a little bit of training, but we eventually got ChatGPT to suggest exactly how much of my budget to invest in each stock\/ coin, the breakdown is as follows:<\/p>\n
<\/p>\n
\n\n
\n
Stock<\/b><\/span><\/td>\n
Percentage<\/b><\/span><\/td>\n
Total Invested<\/b><\/span><\/td>\n<\/tr>\n
\n
Apple Inc<\/span><\/td>\n
\n
10%<\/span><\/p>\n<\/td>\n
\n
$1000<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
Amazon.com Inc<\/span><\/td>\n
\n
10%<\/span><\/p>\n<\/td>\n
\n
$1000<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
Microsoft Corporation<\/span><\/td>\n
\n
9%<\/span><\/p>\n<\/td>\n
\n
$900<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
Alphabet Inc<\/span><\/td>\n
\n
9%<\/span><\/p>\n<\/td>\n
\n
$900<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
NVIDIA Corporation<\/span><\/td>\n
\n
8%<\/span><\/p>\n<\/td>\n
\n
$800<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
Tesla Inc<\/span><\/td>\n
\n
7%<\/span><\/p>\n<\/td>\n
\n
$700<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
NextEra Energy, Inc<\/span><\/td>\n
\n
7%<\/span><\/p>\n<\/td>\n
\n
$700<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
Amgen Inc<\/span><\/td>\n
\n
4%<\/span><\/p>\n<\/td>\n
\n
$400<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
Johnson & Johnson<\/span><\/td>\n
\n
4%<\/span><\/p>\n<\/td>\n
\n
$400<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
Moderna, Inc<\/span><\/td>\n
\n
4%<\/span><\/p>\n<\/td>\n
\n
$400<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
Pfizer Inc<\/span><\/td>\n
\n
4%<\/span><\/p>\n<\/td>\n
\n
$400<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
Gilead Sciences, Inc<\/span><\/td>\n
\n
3%<\/span><\/p>\n<\/td>\n
\n
$300<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
PayPal Holdings Inc<\/span><\/td>\n
\n
3%<\/span><\/p>\n<\/td>\n
\n
$300<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
General Motors Company<\/span><\/td>\n
\n
3%<\/span><\/p>\n<\/td>\n
\n
$300<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
NIO Inc<\/span><\/td>\n
\n
3%<\/span><\/p>\n<\/td>\n
\n
$300<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
First Solar, Inc<\/span><\/td>\n
\n
2%<\/span><\/p>\n<\/td>\n
\n
$200<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
Enphase Energy, Inc<\/span><\/td>\n
\n
2%<\/span><\/p>\n<\/td>\n
\n
$200<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
Shopify Inc<\/span><\/td>\n
\n
2%<\/span><\/p>\n<\/td>\n
\n
$200<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
Vestas Wind Systems A\/S<\/span><\/td>\n
\n
2%<\/span><\/p>\n<\/td>\n
\n
$200<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
MercadoLibre, Inc<\/span><\/td>\n
\n
1%<\/span><\/p>\n<\/td>\n
\n
$100<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
Johnson Controls International plc<\/span><\/td>\n
The suggested stocks are rather expected; higher investments in stable stocks and a lower investment into stocks with more fluctuations. The cryptocurrency investments are slightly more interesting, however, as, of the 1000+ coins currently on the market, it\u2019s given me a short list of eight to invest in.\u00a0<\/span><\/p>\n
<\/p>\n
The Experiment<\/b><\/h2>\n
<\/p>\n
The first week<\/h3>\n
The experiment started off on unsteady legs with stocks ending with a profit of $159 and cryptocurrencies making a loss of $64 after the first day. Five of the eight cryptocurrencies invested in made a loss, with Binance Coin performing the worst, with our $956 investment suffering a $44 decrease.<\/p>\n
Stocks increased throughout the week but decreased right at the end ($25 lower compared to the previous day), making the final weekly total $10,220. This is a $220 increase from the initial investment, a solid start for our experiment.<\/p>\n
Our crypto investment did not perform nearly as well in the first week, with only three\u00a0 <\/span>days ending in a profit from the initial $10k investment. The fourth day was the worst of our whole experiment, with an ending total of $9,741. Only two of the coins invested turned a profit on that day, with Ethereum making a loss of $114 from the initial investment. Our week ended on a slightly more positive note with a final total of $10,021, a $21 increase from the initial investment.<\/p>\n
<\/p>\n
The second week<\/h3>\n
During the second week,\u00a0 <\/span>the total reached $10,643 by the end of the second day. This is $423 more than the total at the end of week one. However, this high was short-lived as the final value decreased for the remainder of the week, ending on $10,492. Whilst $272 more than the final value of the first week, it\u2019s $151 less than the second day\u2019s total.<\/p>\n
After a shaky beginning, our cryptocurrency investment far outperformed our stocks investment in the second week, peaking at $11,118 on the fourth day. This then decreased on the fifth and final day, making the final value of the week $10,987, a $967 increase from the first week.<\/p>\n
<\/p>\n
The third week<\/h3>\n
The start of the third week saw more decreases for our stocks investments. Nine of our 23 investments decreased on the second and third day. The latter half of the week performed better, increasing to $10,559 in total by the final day.<\/p>\n
Our cryptocurrency investment performed similarly, with a decrease at the start of the week and an increase towards the end. The final value dropped to $10,609 on the fourth day, then increased dramatically to $10,974 by the end of the fifth. The final value of the week was $11,402, a $415 increase from week two.<\/p>\n
<\/p>\n
The final week<\/h3>\n
The final week of our stock investments was a disappointment with the overall value decreasing slightly for a final figure of $10,587. This is an overall increase of $587 from our initial investment, which is an overall ROI of 6%.<\/p>\n
On the first day of the final week, our crypto investments increased by $314 to $11,719 in total, this is the highest end of day total we reached in our experiment. This was the high point, however, as we decreased throughout the rest of the week, ending with a final total of $11,359, a 14% ROI.<\/p>\n