State of AI Investing - Q1 2024 - Magnifi Report
Last November, we announced that investors had linked over $500 million in invested assets to Magnifi. Now, with the close of our first quarter, we're thrilled to announce that this figure has soared to over $1.6 BILLION.
By linking their investment accounts, investors entrust Magnifi to help further their financial journey with newfound visibility, high-level data analysis, and AI-powered insights into their holdings.
We took a retrospective look at how investors have engaged with Magnifi since the start of the new year in our latest report: Magnifi State of AI Investing - 2024 Q1. We learned how they managed their portfolios and grew their positions, as well as made notable comparisons to where they stood just last quarter.
Here are some highlighted findings:
This report offers a panoramic view of Magnifi investors, coupled with insights tailored to different investing stages.
Keep an eye out for insights that align closely with your current investment journey.
- Early Investors: those just starting their journey, with account values up to $15,000.
- Mid-Level Investors: those further along, with account values between $15,000 and $500,000.
- Established Investors: those most invested, with account values greater than $500,000.
“Portfolio Health Check" quickly grew to be one of our top 5 conversations amongst investors.
Launched in the middle of last quarter, this feature compares one's portfolio to a benchmark index (like the S&P 500) and provides a quick analysis based on performance, volatility, and diversification. Investors can then analyze the three categories further for deeper insights.
Read the full report for more key takeaways, like what investors' top holdings are, favored brokerage firms, preferred investing strategies, etc.
