Will AI Replace Your Financial Advisor?

A 21st Century “survival of the fittest.” Published By Money & Markets, LLC. February 27, 2024 Published By Money & Markets, LLC. February 27, 2024 [Turn Your Images On] Editor's Note: Are you curious about NVDA's upside potential? Check out Mike Carr's latest Chart of the Day at the bottom of this email for his insights on where it could head from here. [Turn Your Images On] From The Desk of [Adam O'Dell]( Editor, [Money & Markets Daily]( [Will AI Replace YOUR Financial Advisor?]( Money & Markets Daily, The AI economy is growing faster than most people can keep up with… New AI-powered tools are showing up just about everywhere — from the automated phone system at your doctor’s office to the player stats displayed while you’re watching a football game on TV. From chatbots and virtual assistants to fraud prevention and health care optimization, you’re probably already interacting with AI at least a few times every day. I myself have been using AI extensively over the last two years… When it comes to crunching data and backtesting, there’s simply nothing like it. AI-powered research tools have already saved my team decades worth of man-hours in research time. And they’ve helped us develop some of our most reliable, most sophisticated trading tools, like Green Zone Power Ratings. AI has become such a powerful alternative for companies in multiple sectors that it’s already replacing some of the humans who used to perform these tasks. In May 2023 alone, some 3,900 job losses were directly attributed to AI. By the end of the year, more than a third of business leaders surveyed by ResumeBuilder claimed that AI replaced workers. As the AI revolution builds toward its apex over the next few years, Goldman Sachs projects that upwards of 300 million jobs will be automated to some degree. That’s beyond anything we’ve ever imagined. And it leaves investors to wonder — what happens if they “automate” your financial advisor? AI’s Truly Disruptive Power As you might already know, I consider myself a cautious optimist… That means I’m excited for the future of AI, but I also realize that it comes with its own limitations. AI is ultimately a tool, just like any other. It’s probably one of the most powerful tools we’ve ever conceived of. But tools are only ever as good as the people using them. Take the internet, for example. It’s another one of our most powerful tools and arguably the closest technology we have to AI in terms of sheer disruptive potential. During the early days of the internet, the media speculated rampantly about how everyone, from travel agents to stockbrokers, would lose their jobs to this new technology. Since John Q. Public could now book his flights online or look up his own stock charts, they’d no longer need expert advice. In reality, we ended up seeing quite the opposite… Travel agents ultimately saw their income soar since serious agents could reach much larger online audiences, and they provided a better overall experience. And the financial services industry is larger than ever in 2024. That’s just how disruptive technology works! These kinds of breakthroughs don’t just tilt the odds in one direction or another … they completely transform what’s possible across the board. And that transformation will be a godsend for the financial services industry. --------------------------------------------------------------- [Turn Your Images On]( [“Infinite Energy”: New AI Tech Unleashes Largest Untapped Energy Source on Earth]( A tiny Silicon Valley company is using artificial intelligence to unleash the largest untapped energy source in the world. I’m not talking about oil, gas, wind, solar, hydro, nuclear … or anything you’ve likely heard about before… Yet this breakthrough is set to help launch an era of cheap, abundant electricity the likes of which the world has never seen. In fact, the growth here could be almost unimaginable. [To get the whole story, including details of the company responsible, click here now…]( --------------------------------------------------------------- A New Evolution for Financial Professionals According to a study from BlackRock, the average financial professional “only” spends 53 hours a week working. Yet 11 of those 53 hours are dedicated to administrative tasks … aka housekeeping. That’s 20% of each week spent answering emails, reviewing documents and managing customer relations — all of which they’d be happy to automate. AI-powered tools can give financial advisors the opportunity to focus more on what really matters — their investments and their clients. These tools can also help provide the kind of personalization their clients are craving. Check out this chart, courtesy of BlackRock: AI-Powered Tools Can Help Advisors Deliver the Personalization Clients Want [Turn Your Images On] So AI isn’t going to replace your financial advisor… Instead, it’s going to give them the tools to do their job even better. Much like the internet, much like smartphones (and Blackberries before them), AI-powered tools will help the most driven and dedicated professionals reach a whole new level of success. Instead of driving financial professionals into extinction, it’s going to propel their “survival of the fittest” into a whole new generation. AI could even help unlock a whole new level of rapid-fire gains for Main Street investors… Tapping Into the AI-powered “Money Code” to 8X the Market I’ve been using AI-powered backtesting and analytical tools for years now — they’re an instrumental part of my Green Zone Power Ratingssystem. But I’ve also been using AI to tap into a $7 trillion asset class that’s otherwise dominated by a handful of Wall Street mega-firms. I call this system “The Money Code.” And it’s delivered some of the largest and fastest-moving gains of my entire career… Gains like 154% ... 225% ... 271% ... even [430%]( in less than 90 days. I’ve even locked in gains of as much as 400% and 500% in just a few days! I just released a special video update on how I cracked Wall Street’s “Money Code” to cash in on gains upwards of eight times bigger than the stock market. As a Money & Markets Daily reader, you’ve got priority access to this presentation. [Just go here to see it for yourself.]( This special video update will only be available for a limited time, so make sure you take a look as soon as possible. [Start watching now!]( [Turn Your Images On]( To good profits, [Adam O'Dell]( Editor, [Money & Markets Daily]( --------------------------------------------------------------- [Turn Your Images On] Growing Demand Points to NVDA Gains Nvidia Corp. (Nasdaq: NVDA) reported earnings last week and the stock added about $277 billion in market value the next day. After surging more than 220% in one year, investors may be wondering if there's any upside left. The charts below, from NVIDIA's earnings presentation, show there is. The chart on the left shows the processing power of the company's top-of-the-line chips. On the right we see the requirements of AI companies for training their models. Nvidia's chips grew 1000 times faster in the last ten years. And AI models are using 215 times more data than they were just two years ago. The demand for larger models is growing, and that will boost demand for Nvidia's chips from the 1,600 companies building AI on its hardware. Bottom line: The laws of supply and demand say that NVDA still offers upside potential, even after an extraordinary run. — Mike Carr, Chief Market Technician, Money & Markets [Turn Your Images On] [(Click here to view larger image.)]( Check Out More From Money & Markets Daily: - [1 MOTTO TO LIVE BY IN THE HUNT FOR PROFITS]( - [NVDA VS. AMD IN THE BATTLE FOR AI DOMINANCE]( - [WALL STREET’S “OLD BOYS’ CLUB” DOESN’T WANT YOU TO SEE THIS…]( --------------------------------------------------------------- [Turn Your Images On]( Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or [whitelist]( within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. 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Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets permits editors of a publication to recommend a security to subscribers that they own themselves. However, in no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Any exit after a buy recommendation is made and prior to issuing a sell notification is forbidden. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. (c) 2024 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. 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