Would you trust artificial intelligence to help you choose investments? A recent product launched by trading platform Sharesies promises to do just that, and to see if it can outmatch the time-honoured investing thesis of doing your own research, we put it through its paces.
As well as being an education resource for those getting started in investing, it is also meant to help established investors look for ways to diversify their portfolios.The tool is a useful way of narrowing the field within a particular investment theme, such as investments that are “environmentally friendly” from the more than 8,000 companies and funds listed on sharemarkets in Australia, New Zealand and the United States that are available.
There is a description of each company or ETF with its price history going back five years, among other metrics, such as market capitalisation, price-to-earnings ratio and gross dividend yield.