Robo-advisors are AI-powered platforms that provide automated, algorithm-driven financial planning services with little to no human supervision. They collect information about your financial situation and future goals through an online survey, and then use this data to offer advice and automatically invest your assets.
Betterment and Wealthfront are two of the most popular robo-advisors. They offer a range of services, including tax-loss harvesting, automatic portfolio rebalancing, and investment in low-cost index funds.
2. Predictive Analytics Tools
Predictive analytics tools use AI and machine learning to analyze historical data and predict future market trends. These tools can help investors make informed decisions by providing insights into potential investment opportunities.
Kavout is a predictive analytics tool that uses machine learning to analyze large amounts of data and identify investment opportunities. It provides a 'K Score', a predictive equity rating that ranks stocks based on their potential for future returns.
3. Trading Bots
Trading bots are software programs that use AI algorithms to conduct trades based on predefined parameters. They can execute trades at a much faster pace than humans and operate 24/7, ensuring that you never miss a trading opportunity.
AlgoTrader is a comprehensive algorithmic trading software that supports multiple cryptocurrencies and assets. It allows for rapid development, backtesting, and execution of complex equity strategies across various markets.
4. Portfolio Management Tools
AI-powered portfolio management tools can help investors manage their investments more efficiently. These tools can analyze your portfolio, suggest improvements, and even automate the investment process.
SigFig is a portfolio management tool that provides automated investment recommendations. It analyzes your existing investments, identifies any issues (like high fees or overexposure), and recommends a diversified portfolio tailored to your financial goals.
5. Social Sentiment Analysis Tools
Social sentiment analysis tools use AI to analyze social media posts and news articles to gauge public sentiment about different investments. This can provide valuable insights into market trends and potential investment opportunities.
Dataminr is a real-time information discovery platform that uses AI to detect signals from the world's publicly available data. It can help investors stay ahead of market-moving events and make timely investment decisions.
6. AI for Impact Investing
For social entrepreneurs and impact investors, AI can help identify investment opportunities that align with their social and environmental goals.
Truvalue Labs uses AI to analyze unstructured data and provide insights into a company's ESG (Environmental, Social, and Governance) performance. This can help investors make informed decisions about sustainable and responsible investments.
In conclusion, AI is transforming the world of investing, making it more accessible, efficient, and profitable. Whether you're a seasoned investor or just starting out, these AI tools can help you make the most of your investments. However, while AI can provide valuable insights and automate many aspects of investing, it's important to remember that investing always involves risk, and it's crucial to do your own research and consider seeking advice from a financial advisor.