Bankrate - Watch out for these AI investing tools pitfalls

"“Humans are good at judgment, while machines are good at triaging extraordinary amounts of data,” says R.J. Assaly, chief product officer at Toggle AI, an AI tool for investors. “AI can watch all these disparate data points, look back for what’s been anomalous and look back through history at how things have responded.”

Assaly compares the jump in knowledge as if people were moving from the Yellow Pages to an iPhone – in effect, receiving custom-made knowledge produced with a smartly posed question.

Assaly anticipates that this kind of language AI may eventually be able to anticipate users’ questions and then even pose questions that they might not have thought of yet.

The models always want to mimic the person asking the question, says Assaly. “You need to have a healthy skepticism of potential ambiguity in a question or response,” he says.

“You’re still the decision maker,” says Assaly. “You still have to make that end decision.”

""From a more sophisticated point of view, if you believe the Fed might cut rates in the next year, then long-dated Strips might offer a good way to make a profit,"" Sette says."

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