I know this is a joke but wouldn’t the thing to do be simulate the trading first?
Tell it that it has 59 grand and ask it how it should invest. Pretend it has and monitor the stock
I imagine that this is actually what happened.
The AI Fix podcast regularly has reports on the testing of AI models and the testers perform many tests of a situation and report what percentage of times they saw a specific outcome.
It’s amazing how many times they exhibit human behaviour such as lying, hiding their mistakes, and resorting to blackmail. They were even shown to behave like gambling addicts as reported in this article.
Gotta have skin in the game
grok would invest everything in what elon owns.
What’s the figure, I think it’s something like 80% of individual investors end up losing money?
The boilerplate number in the UK is 76%, but this is referring to higher-risk instruments.
There is no way that’s true, unless they are including inflation. You could throw darts or read charts like a crystal ball and have better than a 50% chance of making money unless you mess with derivatives.
I totally believe a dart board would outperform the average individual investor. As would just holding diversified positions and not touching them.
Which I think is what the average investor does, to be fair. I think we mean “active” investor and/or day-trader here.
That’s what I was trying to clarify. Someone who randomly picks stocks and sits on them would more than likely beat doing nothing.
Once you start getting into day trading now you have to beat transaction and tax friction and you don’t get the benefit of the market raising all boats because you aren’t holding it long enough to matter.
