In today’s volatile market, every investor’s nest egg is on the line, so it’s no surprise that 

 believe that personalized advice will help them meet their financial goals. Because they don’t just want DIY instructions, AI could be the key to unlock their goals.

Today, AI seems imbued with superpowers—saving lives, saving the planet, saving profits. But In the age of Alexa, Siri, chatbots, and AR, most of the time we use it to play the music we love, score the purchases we want, and access the information we need. AI’s so familiar that we’ve gotten accustomed to providing it with personal details we’d never share with strangers on the street, like credit card numbers and passwords. For many of us, it’s hard to imagine how we’d get through our days without AI logarithms prompting, suggesting, and completing so many of our activities on our laptops, phones, smartwatches, and more. What would we ever do without such an ever-ready assistant?

what else can we do with such an assistant?

 Now with AI, we can actually get through one of life’s biggest decisions—investing—without so much worry.

Intelligent guidance for intelligent outcomes

Buying a house, changing a career, putting money away for the future—these are BFD life decisions, so no wonder people scour the internet for advice, ask family and friends, and, if they can afford it, pay an expert for advice.

One of the most intimidating big life decisions is investing, which about 7 in 10 Americans readily admit (1). Nevertheless, more than half of Americans invest, whether in retirement savings, stocks, or bitcoin (2). The 

 found 80 percent of Americans feel personalized guidance will lead to better financial outcomes, yet here’s the problem: not all of these investors will get the guidance they want.

Only 41 percent of investors have a financial advisor. Almost half of the investors who don’t have an advisor report they’d love to get that level of personalized guidance, but it’s too expensive. Meanwhile, most investors 

 they’re open to using robo-advisors, but only 1 percent actually use them (3). That adds up to a lot of people who feel they have little chance of meeting their financial goals.

Focusing on investors themselves is crucial. After all, people increasingly expect personalized services and products, with companies catering to their unique needs. The experience of feeling valued is important, so it makes sense that choosing a robo-advisor isn’t at the top of investors’ lists.

With personalized guidance, authoritative data and market insights make sense, whether you’re a seasoned or novice investor. And if everything comes at an affordable price, even better.

When it comes down to it, today’s hands-on investors are just turned off by having their deeply personal decisions automated and de-personalized. Leveraging AI in investing isn’t new—ask any asset manager who’s been using it for years. But using AI to help the average investor direct their own investing is. And 

The takeaway: 5 ways AI can help you invest more confidently

AI is at a crossroads, its speedy response times and keen data analysis readily paired with natural-language search and next-level personalization. This promises to open up Wall Street to average investors all up and down Main Street. In fact, the AI-powered investing platform Magnifi has already developed the first AI conversational assistant designed for investing.

Americans were asked how AI could help them invest, in the 

. Their responses reflect the myriad paths people take toward a universal goal: the best financial outcomes.

Whether you're just getting started or a seasoned investor, here are 5 ways that AI can help you invest more confidently today.

Perhaps you want market insights at your fingertips, like 32 percent of Americans. AI-powered investing assistants can synthesize a wealth of stock prices, economic indicators, and historical data so you can focus on the information you need, like how your favorite brand has performed during recessions.

If you want to spend less time reading reports and more time choosing how to put your investments to work, you’re like one quarter (25%) of Americans. When you have an AI assistant ready to jump into the details, you can take time to make important decisions, such as whether stocks, ETFs, or a combination of the two are right for you (4).

Perhaps you’re like the 17 percent who want AI to monitor their investments while they’re juggling family and work. Your AI assistant can alert you to a market dip and suggest ways to adjust or even optimize for it, so you can stay focused on the important things in life. When you invest with Magnifi, you can ask your conversational AI assistant to help you plan for different goals (just say “save for retirement” or “help me save for a house”). The assistant will keep tabs on them all.

You might be like the 15 percent who want a better grasp on complicated financial terms. With an AI assistant, you won’t need a business degree to understand what earnings per share is, how to calculate it, and importantly, how to invest with it in mind.

Or perhaps you stand with the 11 percent who prioritize investing recommendations. An AI assistant is able to learn the strategy you prefer, the time frame you need, and how much risk you’re comfortable with. When you invest with Magnifi, you can even ask your AI assistant to identify your unique investing personality, so that it can recommend investments based on your goals and needs.

With an AI-powered assistant, investors can finally prioritize their own goals, enhance their knowledge at their own pace, and make ever more informed decisions. Investors can choose the path to financial health that feels right for them—and have a guide every step of the way.

SWNS, “Why most people worry about making wrong decisions when investing,” September 26, 2022, New York Post, 

https://nypost.com/2022/09/26/why-most-people-worry-about-making-wrong-decisions-when-investing/

Evans, Julie Ryan, “63% of Americans — Led by Millennials — Open to Using a Robo-Advisor,” October 3, 2022, Magnify Money by Lending Tree, 

https://www.magnifymoney.com/news/robo-advisor-survey/#:~:text=The%20latest%20MagnifyMoney%20study%20of,they%20use%20a%20robo%2Dadvisor

Exchange Traded Funds (ETF’s) are sold by prospectus. Please consider the investment objectives, risks, charges, and expenses carefully before investing. The prospectus, which contains this and other information about the investment company, can be obtained from the Fund Company or your financial professional. Be sure to read the prospectus carefully before deciding whether to invest.

Get instant access to market data, trends, investing guidance, and on-demand analysis with Magnifi Personal.

For 80 percent of Americans, AI unlocks one of life’s biggest decisions

In todays volatile market, every investors nest egg is on the line, so its no surprise that 80 percent of Americans believe that personalized advice will help them meet their financial goals. Because they dont just want DIY instructions, AI could be the key to unlock their goals.

Table of contents

Invest with Intelligence

The State of Personal Investing: Q1'23

Its a new year and a fresh startoptimism is trending. While economic headwinds have continued in early 2023, more than 70 percent of Americans are still planning to invest. In fact, theyre planning to put more of their money to work in the market than they did in 2022.

America Is Ready for AI Investing According to a New Survey from Magnifi

As the popularity of AI grows, more than 4 in 10 Americans would make an investment decision based on conversational AI, like ChatGPT