I asked ChatGPT to simplify and sort out my investments

BikingBud

https://forums.moneysavingexpert.com/discussion/comment/81937129#Comment_81937129

Why not all credibility?

You recognise it cannot do some things but you trust it for others or you distrust it entirely and do let important things near it.

jeelz

https://forums.moneysavingexpert.com/discussion/comment/81937129#Comment_81937129

I had a similar problem with Gemini. I’m told that because of the way AI works it isn’t good with larger numbers. A workaround is to ask it to use python when doing any calculations. This reduced a lot of the incorrect calculations I was getting.

cfw1994

https://forums.moneysavingexpert.com/discussion/comment/81937083#Comment_81937083

I’ve not tried Gemini, but Claude is pretty impressive. Give it enough detail (without too much personal references, obviously!) and it can be VERY impressive, I found.

Gave it our broad situation and details of the various pensions/ISAs, etc, and ultimately got a multi-page report with sensible suggestions.

Clearly one needs to check suggestions along the way, but tbh I would be doing that if I were using a human advisor - people are imperfect!

It is a very useful tool.

westv

I am obviously insightful and able to ask astute and meaningful questions. Gemini is always telling me that.

Doshwaster

https://forums.moneysavingexpert.com/discussion/comment/81937685#Comment_81937685

Yes, you need to double check calculations but if you do point out mistakes then it is usually good at fixing them.

AI tools are never going to give you a complete solution but they are excellent at getting from a blank sheet of paper to a first iteration. I have just dropped in a CSV export from my bank account and credit cards and within a few seconds it came back with some good analysis and suggestions.

Some people seem to have the attitude that AI is rubbish because it makes mistakes. Well, so do people.

fizio

Quick update. I am now combining Claude with excel via its add-on and it’s pretty impressive with manipulating spreadsheet data and creating all sorts of forecasts/ charts/etc. Suddenly all teh excel formulae investigations and fiddling to get the right sorts of charts factoring in inflation etc is much easier. I can now do a custom net worth forecast with variable assumptions and all sorts of other neat things - especially as i have lots of financial and investment data in excel already going back years.

michaels

https://forums.moneysavingexpert.com/discussion/comment/82007885#Comment_82007885

Are you pc/windows, I am using perplexity.ai bt their 'computer mode' will only work on a mac.

Dead_keen

https://forums.moneysavingexpert.com/discussion/comment/82008077#Comment_82008077

Claude for M365 works on Windows and Mac. It's very good and has improved even more over the last few months. The other day I gave Claude for Word a long pdf (60 pages?) with no tables but lots of numbers included in the text and asked it to create a table with those numbers. C4W read the pdf and then git Claude for Excel to create the table.

I use AceMoney and have had a go at VoyantGo. So I asked Claude Code to make me a combined one (plus it tracks my gilts ladder, my gifts, my IHT if I die, when I might die based on actuarial tables). The AceMoney quivalent bit works well, the VoyantGo bit is still a work in progress. It doesn't use Monte Carlo yet and the ability to use scenarios is still on the thin side (e.g. I can say dynamically draw from SIPP so I'm not a higher rate taxpayer but not much more complicated than that yet). But if I had a couple of days to spare, I think I could finish it.

dunstonh

https://forums.moneysavingexpert.com/discussion/comment/82008077#Comment_82008077

computer is available on pc. However, there are certain things it cannot do that the mac version can.

monkey-fingers

ChatGPT is a massive fan of vanguard isn't it.
I've noticed this too.