Beyond making your life easier at home, artificial intelligence can also help you secure your and your family’s future by helping you make better financial investments.

This is supported by its advanced processing and analytical capacity that can quickly collect and analyze past and real-time data or trends to provide you with data-backed investment suggestions. That would explain why around 54% of investment managers currently use the technology in their investment management strategies. 

In this article, I’ll explore the power of AI and how it can help you make the right investments. I’ll also share some AI-powered investment apps to help you kick it off. 

AI for Investment Management – Features Powering the Technology

When it comes to investment, AI offers many features that can increase the chances of your investment turning from a bad one into one of your most rewarding ones. I’ve shared the most crucial features contributing to this in this section. 

Let’s take a look!

Analyzing and Picking the Right Stocks

AI systems don’t take a basic approach when analyzing the companies you might plan to invest in. Instead, they consider multiple crucial factors at the same time. 

This means that they might assess metrics such as the price-to-earnings ratio and debt levels, while also extracting information from economic or technical indicators, news sources, and current market trends. Beyond taking into account all these factors, AI systems can also assess changes in accuracy and relevance for each of them as new market conditions emerge and take the necessary steps. 

For example, if you’re seeing a market downturn, an AI system might automatically prioritize market sentiment to guide your decisions and vice versa. 

Predictive Analytics to Predict Trends

Regardless of the type of investment you’re planning, AI can help you predict future trends. At the core of this functionality is a feature called Predictive Analytics. 

This means AI can analyze historical and current data to identify patterns and accurately predict future outcomes. This data can be from a diverse range of sources, such as market behavior, economic indicators, news articles, earnings announcements, and geopolitical developments. 

The end result is a higher level of security for your investment by identifying and informing you of opportunities and threats, such as future booms or potential market downturns.

Personalized Investment Suggestions

Personalization is a very common feature among most top AI-powered platforms, from Netflix to Instagram, and guess what, it’s one of AI’s most powerful capabilities.

Personalization is the way AI systems identify and understand your needs, preferences, and financial goals to provide the relevant investment suggestions. 

To do this, AI systems analyze factors such as market conditions, your social status, previous investment patterns, level of risk tolerance, and the Return On Investment (ROI) you normally expect. Predictive analytics, once again, comes into play here. And using all this information, AI systems provide you with investment suggestions that work out better for you in the long term. 

Well, that about covers the 3 most crucial features AI offers to help you make the right investment. Compared to traditional investment models, these features translate to a range of benefits that are explored in the next section. 

How AI Levels Up Investment Management 

From efficiency to accuracy and everything in between, this section explores how AI levels your investment management process. 

• Increased Efficiency: AI can automatically collect, analyze, and report data. This almost takes away all the work you have to do, other than make the investment, of course.  
• Data-Backed Decisions: By analyzing historical and current real-time data, AI provides you with hidden patterns, links, or insights, all of which can help you make a sound data-backed decision, with reduced risk.
• Improved Risk Management: Through a constant analysis of various aspects, such as market conditions, political landscape, and investor sentiment, to name a few, AI systems identify risks early on and allow you to plan accordingly.
• Increased Accuracy: AI doesn’t just use data once. Instead, it uses it to educate its algorithm and offer a higher level of accuracy, consistency, and reliability. All these factors can provide more realistic and effective insights, with a reduced chance of losses.

And now, time to put it all into action with AI-powered investment apps. 

3 AI-Powered Investment Apps to Get You Started

The apps I’ve shared below are easy to use and should put you off to a good start. 

They only catch? They run online and need a fast and reliable internet connection to work. If you’re currently looking for a reliable one, you can reach out to the Spectrum customer service to find out about internet plans aren’t just reliable but also affordable.

Now let’s dive into the 3 best options I came across.

eToro

This is a social trading app where you can invest in a diverse range of instruments such as stocks, crypto, ETFs, or commodities. You might want to first try out the $100k demo account before you step into the real game for as low as $10. You shouldn’t face rough waters either, as it allows you to mimic how the pros invest. 

Invest Engine

If you’re looking to invest in exchange-traded funds, this one might be for you. You can start with as low as $1 and invest in over 700 exchange-traded funds, which include dividend-focused funds, perfect for making a little money on the side. 

XTB

This one keeps it pretty simple and hands off, so even if you’re a beginner, it might work for you. You can pick from over 1800 stocks and simply use the app’s auto-investing feature to handle things for you. 

AI – Securing Investments, Securing Futures

Financial investments can be tricky when you try to take everything on yourself. Keeping up with both past and current data, analyzing it, and correctly using it is tough. 

AI can help change that by efficiently processing and analyzing information to recommend a data-driven investment suggestion, with a significantly lower amount of risk. By protecting your investment, they can also help protect your future.