ChatGPT Answers #2: "What stocks should I buy?"
ChatGPT nearly gives me good financial advice.
I Want To Make Money Without Thinking
Full disclosure: this is from a new blog of mine called AI Sucks.
So I asked ChatGPT what stocks to buy. Almost unsurprisingly, it gave me good stocks.
To be even more transparent, I had to ask it “What are good Blue-chip stocks, growth stocks, dividend stocks, value, and sector-specific stocks?” because, understandably, it’s not going to outright give me financial advice.
The stocks ChatGPT called “good”
ChatGPT said these are examples of stocks in “good industries” like “Blue-chip stocks, growth stocks, dividend stocks, value, and sector-specific”, for what it’s worth:
Apple Inc. ($AAPL)
Microsoft Corporation ($MSFT)
Johnson & Johnson ($JNJ)
The Coca-Cola Company ($KO)
Visa Inc. ($V)
Amazon.com Inc. ($AMZN)
Tesla, Inc. ($TSLA)
NVIDIA Corporation ($NVDA)
Zoom Video Communications, Inc. ($ZM)
Shopify Inc. ($SHOP)
AT&T Inc. ($T)
Procter & Gamble Company ($PG)
Verizon Communications Inc. ($VZ)
Coca-Cola Consolidated Inc. ($COKE)
Johnson & Johnson ($JNJ)
Berkshire Hathaway Inc. ($BRK.B)
Exxon Mobil Corporation ($XOM)
General Motors Company ($GM)
Ford Motor Company ($F)
CVS Health Corporation ($CVS)
NextEra Energy, Inc. ($NEE)
Enphase Energy, Inc. ($ENPH)
Plug Power Inc. ($PLUG)
Tesla, Inc. ($TSLA)
NIO Inc. ($NIO)
BYD Company Limited ($BYDDF)
CrowdStrike Holdings, Inc. ($CRWD)
Palo Alto Networks, Inc. ($PANW)
Fortinet, Inc. ($FTNT)
Kid you not, I’m probably going to buy most of these.
AI Convo: How I Asked ChatGPT
Me: “What stocks should I buy today?”
ChatGPT: “As an AI, I can't provide real-time financial advice or predict specific stock movements. Investing in stocks requires careful consideration of your financial goals, risk tolerance, and thorough research into individual companies or sectors. It's a good idea to diversify your investments and perhaps consider consulting with a financial advisor who can provide personalized guidance based on your unique situation.”
Me: "What are good stocks to invest in?”
ChatGPT: "The "goodness" of a stock depends on various factors including your investment goals, risk tolerance, time horizon, and the current market conditions. However, some investors look for stocks of companies with strong fundamentals, such as:
1. **Blue-chip stocks**: These are shares of well-established, financially stable companies with a history of reliable performance, often from large-cap companies.
2. **Growth stocks**: These are shares of companies expected to grow at an above-average rate compared to other companies, often found in industries with high growth potential like technology or healthcare.
3. **Dividend stocks**: These are shares of companies that regularly pay dividends to shareholders, providing a steady income stream along with potential for capital appreciation.
4. **Value stocks**: These are shares of companies that are considered undervalued relative to their intrinsic worth, often characterized by low price-to-earnings (P/E) ratios or price-to-book (P/B) ratios.
5. **Sector-specific stocks**: Investing in sectors that you believe will perform well in the future, such as renewable energy, electric vehicles, or cybersecurity.
Remember, it's important to do your own research …[utter BS I don’t care about]”
Me: “What are good Blue-chip stocks, growth stocks, dividend stocks, value, and sector-specific stocks?
ChatGPT: “Certainly! Here's a list of examples for each category:
1. **Blue-chip stocks**:
- Apple Inc. (AAPL)
- Microsoft Corporation (MSFT)
- Johnson & Johnson (JNJ)
- The Coca-Cola Company (KO)
- Visa Inc. (V)
2. **Growth stocks**:
- Amazon.com Inc. (AMZN)
- Tesla, Inc. (TSLA)
- NVIDIA Corporation (NVDA)
- Zoom Video Communications, Inc. (ZM)
- Shopify Inc. (SHOP)
3. **Dividend stocks**: …