{"id":2923,"date":"2023-05-01T00:01:00","date_gmt":"2023-04-30T22:01:00","guid":{"rendered":"https:\/\/alexander-zureck.de\/chat-gpt-in-investing\/"},"modified":"2025-07-31T20:27:08","modified_gmt":"2025-07-31T18:27:08","slug":"chat-gpt-in-investing","status":"publish","type":"post","link":"https:\/\/alexander-zureck.de\/en\/chat-gpt-in-investing\/","title":{"rendered":"Chat GPT in Investing"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/alexander-zureck.de\/en\/chat-gpt-in-investing\/#Investing_and_Investment_in_April_2023_%E2%80%A6\" >Investing and Investment in April 2023 &#8230;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/alexander-zureck.de\/en\/chat-gpt-in-investing\/#Education_is_the_Best_Investment\" >Education is the Best Investment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/alexander-zureck.de\/en\/chat-gpt-in-investing\/#Investing_in_Individual_Stocks_is_Fun_but_Requires_a_Well-Founded_Analysis\" >Investing in Individual Stocks is Fun, but Requires a Well-Founded Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/alexander-zureck.de\/en\/chat-gpt-in-investing\/#Chat_GPT_and_other_AI_Have_Limits_when_it_Comes_to_Investing\" >Chat GPT and other AI Have Limits when it Comes to Investing<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/alexander-zureck.de\/en\/chat-gpt-in-investing\/#This_is_My_Own_Research_on_the_Topic_%E2%80%A6\" >This is My Own Research on the Topic &#8230;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/alexander-zureck.de\/en\/chat-gpt-in-investing\/#Thats_Coming_%E2%80%A6\" >That&#8217;s Coming &#8230;<\/a><\/li><\/ul><\/nav><\/div>\n<h1 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Investing_and_Investment_in_April_2023_%E2%80%A6\"><\/span>Investing and Investment in April 2023 &#8230;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n\n<p>In April 2023, I was again able to consume many exciting articles in newspapers, podcasts or elsewhere in the digital world and think about what impulses for one&#8217;s own investment are present in the articles. April was not so bad for investing, as the German leading index DAX40 at least marked a new annual high. Below you will find my insight traffic light for your own finances if you, as a freelancer, solopreneur, small business owner or otherwise, take care of your finances yourself:  <\/p>\n\n<h2 class=\"wp-block-heading has-electric-grass-gradient-background has-background\"><span class=\"ez-toc-section\" id=\"Education_is_the_Best_Investment\"><\/span><strong>Education is the Best Investment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<p>An investment in education always pays off. Although the podcast &#8220;<a href=\"https:\/\/money-mindset.podigee.io\/58-christoph-groener-2\" target=\"_blank\" rel=\"noreferrer noopener\">How I would invest in real estate today: Christoph Gr\u00f6ner &#8211; Part 2<\/a>&#8221; is actually about investing in real estate. However, a side issue was most important to me in relation to my own finances. Especially as a young person, you don&#8217;t have to invest in stocks, funds or ETFs at all costs. Many studies show that a good education leads to a higher lifetime income and that working conditions also improve. Accordingly, as a young person, you should first invest in yourself and your education. However, the study &#8220;<a href=\"https:\/\/doi.org\/10.1016\/j.techfore.2022.122136\" target=\"_blank\" rel=\"noreferrer noopener\">We don&#8217;t need no (higher) education &#8211; How the gig economy challenges the education-income paradigm<\/a>&#8221; also shows that an investment in education does not always mean an &#8220;official&#8221; degree, but also informal learning counts. The only thing you can&#8217;t do here is give an effective interest rate for this type of investment.       <\/p>\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"778\" src=\"https:\/\/alexander-zureck.de\/wp-content\/uploads\/2023\/04\/Mehr-Geld-durch-Bildung-1024x778.jpg\" alt=\"The better educated, the greater the earnings\" class=\"wp-image-596\" title=\"\" srcset=\"https:\/\/alexander-zureck.de\/wp-content\/uploads\/2023\/04\/Mehr-Geld-durch-Bildung-1024x778.jpg 1024w, https:\/\/alexander-zureck.de\/wp-content\/uploads\/2023\/04\/Mehr-Geld-durch-Bildung-300x228.jpg 300w, https:\/\/alexander-zureck.de\/wp-content\/uploads\/2023\/04\/Mehr-Geld-durch-Bildung-768x583.jpg 768w, https:\/\/alexander-zureck.de\/wp-content\/uploads\/2023\/04\/Mehr-Geld-durch-Bildung.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><em>Source: Image by <a href=\"https:\/\/pixabay.com\/de\/users\/mohamed_hassan-5229782\/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=3205561\" target=\"_blank\" rel=\"noopener\">Mohamed Hassan<\/a> on <a href=\"https:\/\/pixabay.com\/de\/\/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=3205561\" target=\"_blank\" rel=\"noopener\">Pixabay<\/a><\/em><\/figcaption><\/figure>\n\n<h2 class=\"wp-block-heading has-luminous-vivid-amber-background-color has-background\"><span class=\"ez-toc-section\" id=\"Investing_in_Individual_Stocks_is_Fun_but_Requires_a_Well-Founded_Analysis\"><\/span><strong>Investing in Individual Stocks is Fun, but Requires a Well-Founded Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<p>A strategy can work out, but it doesn&#8217;t have to! Inspired by <a href=\"https:\/\/www.instagram.com\/p\/CrA_OIWxuQw\/?utm_source=ig_web_copy_link\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Lisa&#8217;s post<\/a>, I actually spent this month dealing with fragrances and flavors myself. A really interesting industry! However, you should not invest blindly, but always analyze a stock in a well-founded manner. Because the actual return is often made when buying. So I took a closer look at Symrise AG from the post. Very interesting, but unfortunately I noticed an activity of short sellers at Symrise AG in the Federal Gazette for net short positions. Among other things, the study \u201c<a href=\"https:\/\/doi.org\/10.1111\/j.1540-6261.2007.01230.x\" target=\"_blank\" rel=\"noreferrer noopener\">Efficiency and the Bear: Short Sales and Markets Around the World<\/a>\u201d shows the importance of short sales for price changes.       <\/p>\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/alexander-zureck.de\/wp-content\/uploads\/2023\/04\/Jahreshoch-DAX40-April-2023-1024x576.jpg\" alt=\"\" class=\"wp-image-591\" title=\"\" srcset=\"https:\/\/alexander-zureck.de\/wp-content\/uploads\/2023\/04\/Jahreshoch-DAX40-April-2023-1024x576.jpg 1024w, https:\/\/alexander-zureck.de\/wp-content\/uploads\/2023\/04\/Jahreshoch-DAX40-April-2023-300x169.jpg 300w, https:\/\/alexander-zureck.de\/wp-content\/uploads\/2023\/04\/Jahreshoch-DAX40-April-2023-768x432.jpg 768w, https:\/\/alexander-zureck.de\/wp-content\/uploads\/2023\/04\/Jahreshoch-DAX40-April-2023.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><em>Source: Image by <a href=\"https:\/\/pixabay.com\/de\/users\/publicdomainpictures-14\/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=163509\" target=\"_blank\" rel=\"noopener\">PublicDomainPictures<\/a> on <a href=\"https:\/\/pixabay.com\/de\/\/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=163509\" target=\"_blank\" rel=\"noopener\">Pixabay<\/a><\/em><\/figcaption><\/figure>\n\n<h2 class=\"wp-block-heading has-vivid-red-background-color has-background\"><span class=\"ez-toc-section\" id=\"Chat_GPT_and_other_AI_Have_Limits_when_it_Comes_to_Investing\"><\/span><strong>Chat GPT and other AI Have Limits when it Comes to Investing<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<p>You shouldn&#8217;t just trust AI when it comes to finances, but AI will also play an important role in the context of investing in the future. However, you shouldn&#8217;t rely on it alone. On <a href=\"http:\/\/www.businessinsider.de\" target=\"_blank\" rel=\"noopener\">www.businessinsider.de<\/a> I first came across the study &#8221;  <a href=\"https:\/\/dx.doi.org\/10.2139\/ssrn.4412788\" target=\"_blank\" rel=\"noreferrer noopener\">Can ChatGPT Forecast Stock Price Movements? Return Predictability and Large Language Models <\/a>&#8221; became aware. The conclusion of the study states that news in the form of sentiments has long been important to experts. Tools like Bloomberg have long offered sentiment analyses, but the American colleagues have shown that Chat GPT may be better than the existing tools. For me, the topic is red because we are still at the very beginning here and it is therefore not yet a topic for the general public. Blindly following can be dangerous!    <\/p>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h1 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"This_is_My_Own_Research_on_the_Topic_%E2%80%A6\"><\/span>This is My Own Research on the Topic &#8230;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile\"><figure class=\"wp-block-media-text__media\"><img decoding=\"async\" width=\"1024\" height=\"281\" src=\"https:\/\/alexander-zureck.de\/wp-content\/uploads\/2023\/04\/KI-in-Banken-1024x281.png\" alt=\"\" class=\"wp-image-601 size-full\" title=\"\" srcset=\"https:\/\/alexander-zureck.de\/wp-content\/uploads\/2023\/04\/KI-in-Banken-1024x281.png 1024w, https:\/\/alexander-zureck.de\/wp-content\/uploads\/2023\/04\/KI-in-Banken-300x82.png 300w, https:\/\/alexander-zureck.de\/wp-content\/uploads\/2023\/04\/KI-in-Banken-768x211.png 768w, https:\/\/alexander-zureck.de\/wp-content\/uploads\/2023\/04\/KI-in-Banken-1536x422.png 1536w, https:\/\/alexander-zureck.de\/wp-content\/uploads\/2023\/04\/KI-in-Banken.png 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<p>AI in the financial sector is by no means a new topic. I, too, have dealt with the topic in my own research, including in the paper \u201c<a href=\"https:\/\/ssrn.com\/abstract=4278462\" target=\"_blank\" rel=\"noreferrer noopener\">Artificial Intelligence in Customer Relationship Management in Universal Banks \u2013 A Qualitative Analysis<\/a>\u201d. In banks and other companies, there are a large number of possible uses for AI, especially when it comes to efficiency in retail banking.  <\/p>\n<\/div><\/div>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h1 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Thats_Coming_%E2%80%A6\"><\/span>That&#8217;s Coming &#8230;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n\n<p>April is followed by May, which is always an interesting month on the stock market, as many general meetings take place here &#8230; A significant contribution to this from my environment is the <a href=\"https:\/\/www.dividendenadel.de\/dividendenstudie-deutschland-2023-neuer-rekord-dank-autos-und-hapag-lloyd-aber-bremsspuren-abseits-des-dax\/\" target=\"_blank\" rel=\"noreferrer noopener\">dividend study by Christian R\u00f6hl<\/a>. Here you will find a wealth of information on the distribution behavior of German listed companies, which is certainly the focus of many readers in the context of their own investments.  <\/p>\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/alexander-zureck.de\/wp-content\/uploads\/2023\/04\/KI-Geld-1024x1024.jpg\" alt=\"Use of AI in investing\" class=\"wp-image-595\" title=\"\" srcset=\"https:\/\/alexander-zureck.de\/wp-content\/uploads\/2023\/04\/KI-Geld-1024x1024.jpg 1024w, https:\/\/alexander-zureck.de\/wp-content\/uploads\/2023\/04\/KI-Geld-300x300.jpg 300w, https:\/\/alexander-zureck.de\/wp-content\/uploads\/2023\/04\/KI-Geld-150x150.jpg 150w, https:\/\/alexander-zureck.de\/wp-content\/uploads\/2023\/04\/KI-Geld-768x768.jpg 768w, https:\/\/alexander-zureck.de\/wp-content\/uploads\/2023\/04\/KI-Geld.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><em>Source: Image by <a href=\"https:\/\/pixabay.com\/de\/users\/brvnoberardi-34704356\/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=7875973\" target=\"_blank\" rel=\"noopener\">Bruno Berardi<\/a> on <a href=\"https:\/\/pixabay.com\/de\/\/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=7875973\" target=\"_blank\" rel=\"noopener\">Pixabay<\/a><\/em><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Chat GPT is not yet good at investing. Knowledge is crucial. <\/p>\n","protected":false},"author":2,"featured_media":2653,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"iawp_total_views":0,"footnotes":""},"categories":[136],"tags":[130,141,137,138,139,140],"class_list":["post-2923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-column","tag-blog-en","tag-chat-gpt-en","tag-education","tag-investing","tag-investment-en-2","tag-short-selling"],"acf":[],"_links":{"self":[{"href":"https:\/\/alexander-zureck.de\/en\/wp-json\/wp\/v2\/posts\/2923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alexander-zureck.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alexander-zureck.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alexander-zureck.de\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alexander-zureck.de\/en\/wp-json\/wp\/v2\/comments?post=2923"}],"version-history":[{"count":1,"href":"https:\/\/alexander-zureck.de\/en\/wp-json\/wp\/v2\/posts\/2923\/revisions"}],"predecessor-version":[{"id":2924,"href":"https:\/\/alexander-zureck.de\/en\/wp-json\/wp\/v2\/posts\/2923\/revisions\/2924"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alexander-zureck.de\/en\/wp-json\/wp\/v2\/media\/2653"}],"wp:attachment":[{"href":"https:\/\/alexander-zureck.de\/en\/wp-json\/wp\/v2\/media?parent=2923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alexander-zureck.de\/en\/wp-json\/wp\/v2\/categories?post=2923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alexander-zureck.de\/en\/wp-json\/wp\/v2\/tags?post=2923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}