Can ChatGPT beat the market?

What is ChatGPT?
ChatGPT (Chat Generative Pre-trained Transformer) is a language model made by OpenAI that is based on artificial intelligence. It can make text that looks like it was written by a person based on the information it is given. The model has been trained on a large amount of text data, which means it can answer questions, summarize long texts, write stories, and do many other things. It is often used in conversational AI programs to simulate a conversation with the user in a way that is similar to how a person would talk.

Reinforcement Learning with Human Feedback (RLHF), also known as “reinforcement learning with human reinforcement,” is an extra training layer that uses human feedback to help ChatGPT learn how to follow directions and come up with answers that people like. 

The following are some examples of activities in which ChatGPT excels:

• Answer questions.
• Finishing a sentence.
• Prompt-based fiction and nonfiction.
• Humanizing chatbot responses.
• Coding.
• Text translation.
• Calculating.
• Summarizing text.
• Categorizing text.
• Text analysis.
• Summarizing tables and spreadsheets in text.
• Dialoguing with users.

Can ChatGPT beat the market?

Bloomberg asked ChatGPT to design an ETF to beat the market. This was ChatGPT’s response to Bloomberg: “It is not possible for me to design an ETF that will beat the U.S. stock market because the stock market is unpredictable and past performance does not guarantee future results.” Additionally, the composition of an ETF should be based on a thorough analysis of the market and a strategy for achieving specific investment goals, which I do not have the information or expertise to provide. “It is important to consult with a financial advisor before investing in any ETF or stock to understand the potential risks and rewards of the investment and ensure that it aligns with your investment goals and risk tolerance.” 

In spite of all the hype, it appears that AI is not quite ready to take over the world of stock picking just yet.

What outperforms ChatGPT when it comes to beating the market?
Rather than relying on ChatGPT or any other artificial intelligence for investment decisions, it is preferable to have a high-quality portfolio that allows you to increase your investments regardless of whether the market is going up or down. Or, as ChatGPT suggested, you could also consult an investment or financial advisor such as Markowski Investments to understand the risks and rewards and make sure it fits with your goals. 

How to achieve a high-profile portfolio

If you want a high-quality portfolio that allows you to make investments regardless of market conditions, Markowski Investment Advisors can get you there. Make sure to get in touch with us. To learn more about how to avoid the negative consequences of a bear market without sacrificing return potential, download our FREE report, “Growth Without Risk.”