Invest with Will West
Video contents:
00:00 – Intro
1:38 – Starting the game
4:20 – AI on gold
6:20 – AI on real estate stocks
9:05 – AI on cryptocurrencies
9:55 – AI predicting price of Bitcoin and Tesla
13:38 – Summary
Today we will look at AI (artificial intelligence), specifically GPT-3 and how it could potentially aid us in our investment decisions and make better choices as an investor.
I came across a medium post today which explained how GPT-3 machine learning model within an online game was used to simulate a realistic marketing consultation.
It seemed very impressive, so I decided what if I alter the original prompt that Edward Nevraumont used and make it more related to investing.
Before having a chance to speak with AI, we first have to join the game at the AIDungeon.io. You might be wondering why do we have to do this within a game? Thing is, GPT-3 is currently not publicly accessible and only certain projects have beta access. AIDungeon is one of those projects.
The free version includes GPT-2 algorithm which is inferior to GPT-3, so make sure you get the trial for “Dragon” model.
Once we have joined we have to subscribe for the “Dragon” AI model which costs about 9$ per month.
This is the GPT-3 model we are looking for.
There is a trial and you can subscribe with credit card or paypal.
And as a disclaimer: DungeonAI are NOT paying me to make this video and advertise them.
I just found it incredibly interesting and that’s why I’m sharing.
Here is the modified prompt I used: “You are a portfolio manager at large investing firm. Your company invests money for clients and seeks best investment opportunities. Your goal is to find the best investments that would beat the S&P500 benchmark index.
You have obtained services of a very experienced investing consultant and a portfolio manager who has already done extensive research of currently available investments in terms of stocks, bonds, commodities and other alternative investing opportunities. The consultant arrives at your office and both of you enter the board room. The investing consultant asks what you want to focus on today. You tell him: “Come up with investing opportunities that would beat the S&P500 index benchmark”.
Now, it’s very possible that this “prompt” or “seed” is not ideal, if you have any ideas what better prompt I could have used please write it in the comments and we can try it out next time.
And now let’s see what our “consultant” will say and if we can find common ground at all.
You say “What would be a good investment that would act as a hedge in times of economic collapse?”
The advisor smiles and says that sounds like an interesting idea. He goes over to his desk and pulls out a notebook. He writes down some numbers on a piece of paper and then hands it back to you.
You read the notebook.
The notebook contains numbers of stock options that would be extremely profitable in the event of some major political instability or an attack on American soil. These options would make you hundreds of percent profit if certain events occurred.
You say “Those investments look incredibly risky, could you recommend something safer?”
The advisor begins to shuffle some papers and then looks up at you. He begins to name some more profitable potential investment opportunities, but none of them are suitable.
You say “Do you think gold is a good investment?”
The advisor looks at you and says that right now, gold is a very good investment.
You say “Why do you think so?”
The advisor explains that gold has always been a good hedge against political chaos or war. It’s an asset that most of the population is familiar with, it has industrial use and it is very divisible.
You say “Is gold an income producing asset?”
The advisor says that gold isn’t really an income-producing asset, but it has a lot of industrial uses, which is good.
You say “How much gold should one have in their portfolio?”
The advisor says that it really all depends on how much money you want to risk. A good guideline is 1% of your net worth in gold coins.
You say “Why gold coins and not gold ETFs?”
The advisor says that while ETFs are easier and faster to use, the main reason why people buy gold coins is due to their familiarity.
You say “Which other commodities would you recommend?”
The advisor recommends sugar and coffee as the next two commodities to focus on.
YOU ARE NOW THE OWNER OF GOLD COINS. GOOD LUCK!
You say “Let’s talk about other investments such as real estate. Do you think real estate is a good investment right now?”
Original article by Edward Nevraumont:
https://medium.com/@ednever/using-aidungeon-as-an-advanced-ai-marketing-consultant-68a2aaaf4505
Music used:
See you Soon by Otis McDonald
Hep Cats by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/)
Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1500022
Artist: http://incompetech.com/
#gpt3 #aidungeon #investing