It’s the 15th week of our “Is ChatGPT A Better Financial Advisor?” six-month series, and the tensions are palpable.
It’s been quite a ride, with 15 weeks now under our belts. The question still looms: Is ChatGPT A Better Financial Advisor? For those just tuning in, we gave ChatGPT a hypothetical $10,000 to manage, putting it up against seasoned funds like the SPDR S&P 500 ETF Trust SPY and Invesco Trust Series 1 QQQ.
| Fund/ETF | 15-Week Performance |
| SPDR S&P 500 | +7.01% |
| Invesco QQQ Trust | +12.02% |
| Schwab Total Stock Market Index Fund | +7.91% |
| Vanguard Growth Index Fund | +9.75% |
| Vanguard Value Index Fund | +4.32% |
| iShares MSCI EAFE ETF | -3.79% |
| Vanguard Total International Bond Index Fund | -1.39% |
| Fidelity Contrafund | +11.35% |
| T. Rowe Price Growth Stock Fund | +11.04% |
| Fidelity Total Market Index Fund | +7.93% |
| ChatGPT | 15-Week Performance |
| Benzinga’s ChatGPT Portfolio | +7.35% |
Locked in the same spot as last week, ChatGPT’s portfolio is in seventh place, slightly outpacing the SPY.
Spotlight: Tesla Inc TSLA is no longer our portfolio's best performing holding, as the stock began to pull back from local highs in mid-July. Adobe Inc ADBE is now our top performer, up 50.65% since we opened the position.
As we’ve mentioned before, we are holding all positions for the six-month duration, and the journey is not about the micro-movements of stocks but the overall performance.
If you missed last week, check it out here.
If you'd like to see the stocks in our portfolio, click here.
While we’re putting AI to the test against some of the big dogs, it’s important to remember: ChatGPT doesn't have real-time access to the market yet.
What we’re aiming for here isn’t to herald the era of robo-advisors, but to stir the pot and get investors thinking: How does AI fit into our financial future?
Join us next Wednesday as we roll into week 16 of the “Is ChatGPT A Better Financial Advisor?” series.
Read next: China’s Real Estate Crisis Echoes Lehman Moment; Country Garden Warns Of ‘Major Uncertainties’ As Bond Redemption Looms
Photo: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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