What makes the big firms at Wall Street so much more successful than the usual individual? In principle there are 3 things:
1. They have more money to play and hedge with.
2. They have better data.
3. They have complicated computer systems to pull all that data together.
For decades, it has created an advantage but their competitive edge is waning.
The big firms on Wall Street have been using AI already for a very long time but there are now many ways for the average investor to take advantage of AI. For example, did you know that you have access to AI-focused exchange-traded funds (ETFs)?
1. The Global X Robotics & Artificial Intelligence ETF (Nasdaq: BOTZ) has $2.5 billion under management. This ETF invests in companies that use or create AI.
2. The ROBO Global Robotics & Automation Index ETF (NYSE: ROBO) has $1.5 billion in assets.
They’re both up by double digits this year. There’s no need to hire expensive computer geeks or pay for customized programs. Both ETFs cost you less than 1%. That’s a very easy and affordable, low-cost start to benefit from AI in your portfolio.