8 Powerful Ways I use AI to Research, Screen & Invest in Stocks (with demo)

About this Video

• Video Title: 8 Powerful Ways I use AI to Research, Screen & Invest in Stocks (with demo)
• Channel: Shankar Nath
• Speakers: Shankar Nath
• Duration: 00:26:57

Introduction

This video demonstrates eight ways to use AI in stock research, screening, and investment. The speaker, Shankar Nath, explores the capabilities and limitations of AI, providing practical examples and using platforms like Provue.ai and ChatGPT to illustrate effective prompt engineering and iterative analysis.

Key Takeaways

• AI in Investing: AI is rapidly transforming investment strategies, aiding in research, stock screening, market analysis, and portfolio management.
• Prompt Engineering: Crafting effective prompts is crucial for maximizing AI output. The video details six key components: task, context, examples, persona, format, and tone.
• AI Limitations: The speaker highlights AI's potential for inaccuracies ("hallucinations"), biases, data limitations, and performance issues. Iterative questioning and cross-referencing are advised.
• Practical Applications: The video showcases AI's use in various investment activities, including education (learning financial concepts), stock screening (identifying specific company types), market analysis (gathering analyst opinions), stock analysis (evaluating key metrics), fundamental analysis (creating comprehensive company reports), technical analysis (identifying chart patterns and setting alerts), strategy development (building scenarios based on market trends), and portfolio analysis (assessing overall portfolio performance and risk).
• Provue.ai: The speaker features Provue.ai, an Indian AI platform designed for investors, emphasizing its "Smart Prompt" and "Magic Tool" functionalities for streamlined interaction and enhanced insights.