One that you may be considering is using it to boost your investing efforts.
AI investing platforms likeWealthfrontandRobinhoodcan help you with anything from market insights to personalizing your portfolio strategy.
What Is AI Investing and How Does It Work?
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Those who use AI investing are using machine learning and algorithms to help with or automate their investment decisions.
This is something most investors or advisors used to do themselves.
And, just like with any use of AI, it will not fully replace human judgement.
Youre not meant to follow it blindly and it doesnt eliminate risk.
It simply makes information gathering more efficient.
It also allows you to get personalized insights based on what you want to accomplish.
Accessibility is also a big factor for people.
Many people saw investing as something for people with a certain amount of money and knowledge.
These AI investing apps aim to even out the playing field.
They allow you to access tools and insights for cheaper than youd typically get from financial advisors.
It primarily appeals to beginner and intermediate investors who want a streamlined way to invest.
Wealthfront
Wealthfrontis designed for long-term, passive investors who want automated, goal-based portfolio management.
The app offers personalized financial planning and automatically rebalances portfolios.
Right now you might get a $50 bonus,3by opening and funding your first investing account with Wealthfront.
Its best for people who consider themselves DIY investors because it can be both guided and self-directed.
So, maybe you dont want things fully automated, but you like the idea of having AI assistance.
Additionally, the AI assistance is friendly and easy to use.
Just ask it a question like you would an advisor, no matter how dumb you think it is.
Pricing starts at as little as $11 a month.
What About Automated Investment Platforms?
Some AI investing platforms offer automated investing, but automated platforms and AI-driven investing arent exactly the same.
Automated investing uses predefined algorithms and models to manage portfolios based on user input and established investment strategies.
AI-driven investing develops strategies in real time using machine learning and advanced data analysis.
For platforms that give you the benefit of automated investing, we recommendStash.
Its automated investment tool called Smart Portfolio will build, monitor and balance your investments for you.
Who Should Consider AI-Based Investing?
These types of investing platforms are great for first-time investors or DIY investors.
They can get you a deeper market analysis than you would get on your own without hiring an advisor.
Investors who dont have a lot of spare time would also benefit from these apps.
Or, maybe youre a long time investor who wants to see what AI investing tools can offer you.
They could potentially help you fill gaps in your strategy.
They can help you make decisions, but they cant tell you the future.
Markets are still unpredictable.
The best way to use them is to set risk limits and thoroughly review the recommendations.
That means some upfront research will benefit you.
Its also smart to read the fine print on fees and terms and conditions for each app.
Final Thoughts: Should You Use AI to Invest in 2025?
Using AI, even for things like investing, is no longer the wave of the future.
Its what people are using right now, and its not going away anytime soon.
1.All client accounts trading and rebalancing are managed by Wealthfronts software.
Wealthfront Advisers doesnt provide tax advice.
Penny Hoarders opinions in this article are their own and are not tied directly to such compensation.
