Over the last few years, artificial intelligence has been the talk of the town. From writing your college essays to assisting you in organizing your workday, AI has transformed the way we both think about and interact with technology. As a tool made to ease your life, AI is proving it can infiltrate pretty much any industry.

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The investment world is no different.

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We recently conducted a survey across the US and Canada to evaluate people’s willingness to utilize an AI-power investment tool. Of the 1,000 people evaluated, 76% of people stated they’d be open to trying such a tool. The truth of the matter is that digital tools are becoming more and more popular in the investment game.

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We looked deeper into the statistics we freshly collected and noted that 38.9% of people said a definitive yes to using AI-based investment tools. Additionally, 37.1% of people said maybe they’d use such a tool if given the chance. Not only do AI-based investment tools aid in achieving smarter investment decisions, they can actually teach you how to properly maneuver the stock market.

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George – our CEO here at Prospero.ai – finds it important to share what benefits AI can serve to a retail investor past insights and data. So, after careful deliberation and some hair pulling, he was finally able to narrow down the many benefits of AI to cultivate a list of the top three strengths AI provides for an investor.

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1. Personal Tutor

The last thing you want to do when investing your money in the market is to lose it. For many people, poor investment decisions tend to stem from a misunderstanding or lack of knowledge of the market. 

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AI has the power to provide you with real data and insights, but what will you do with that if you don’t know how to navigate the market? 

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AI’s real strength lies in its ability to teach you about the market; it simplifies investment terminology and fundamentals to help you cultivate investment strategies you truly understand. But in the same way you would with a person, make sure you consult multiple sources to ensure you are validating information and balancing views. 

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2. Scenario Simulator

Once you’ve gotten a grasp on how the stock market works, AI-driven platforms have the capability to break down complex market concepts into digestible lessons for you to retain. To test your knowledge, AI can simulate different market scenarios for you to examine how your investment strategies fare in alternative markets. 

It can also amalgamate and simplify various types of complex information to help you see more of the horizon in perfect focus. By doing so, this technology is helping you build confidence in your investment process.

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3. Portfolio Manager

Once you’re ready to invest, you must contemplate the best portfolio to achieve your financial goals. AI can help you manage your portfolio by providing you with real-time data and suggesting a variety of strategies to minimize any potential risk that may arise based on your preferences. Depending on your time constraints and desires, this assistance can be either a hands off or hands on experience.

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Here at Prospero.ai, we are providing you access to AI-driven technology that gives you real insight to make informed investment decisions. We want our platform to serve as an educational opportunity for you as you work with us to create excellent and effective investment strategies. The reality is: AI is not going anywhere. It’s not looking to take over the world but it is being used all over it. It’s time to get with the program!

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