With the rapid development of artificial intelligence technology, more and more investors are starting to use AI tools to help with investment research and analysis. However, the variety of AI investing tools on the market can be overwhelming for beginners. This article summarizes recommendations from Reddit users on the best entry-level AI investing tools.
Reddit users recommend ETFmatic for easy AI-powered ETF investments
Many Reddit investors suggest ETFmatic for beginners looking to use AI for easy ETF investments. ETFmatic provides automated guidance on building a globally diversified ETF portfolio. Users only need to set their risk tolerance and investment amount. Then the tool’s robo-advisor will recommend a suitable portfolio of low-cost ETFs. ETFmatic also automatically rebalances the portfolio over time. The simple yet intelligent approach makes it a top choice.
QuantConnect’s cloud platform allows coding customized AI trading strategies
For investors with coding skills, QuantConnect is a popular Reddit recommendation. It offers a cloud-based AI and algorithmic trading platform to quant developers. Users can access historical market data and utilize QuantConnect’s Python API to code trading strategies. The platform then backtests the strategies with historical data. Once ready, the algorithms can trade live. QuantConnect essentially opens up limitless possibilities for investors to create customized AI trading tools and applications.
Seeking Alpha provides both AI-generated and human analyst research content
Many investors on Reddit highlight Seeking Alpha for its combination of AI-generated content and human analyst research. The site produces lots of long-form stock analysis articles covering fundamentals, earnings reports, dividends changes, insider trades etc. Some of the content is automated while others come from its large contributor network. In addition to articles, Seeking Alpha offers stock screeners, model portfolios, podcasts and more. The breadth and depth of its research make it a go-to investing tool.
In summary, ETFmatic, QuantConnect and Seeking Alpha are three AI investing tools often recommended on Reddit for beginners based on their accessibility, customization and comprehensive research functionalities.