The easy part in providing the model with enough context about your existing portfolio etc.. the challenge is about understanding your goals and optimizing towards them in the long run in terms of expenses (ongoing and then things like house, saving for kids), investing (portfolio mix, asset allocation, access to alternatives) and tax strategies. A model can do a good job on each one of those vectors separately. Whether it can do so holistically on all vs. a human professional (who's good at his job + has access to models) I think is a much harder question. This ofc becomes much more true if you are dealing with a complex portfolio, or longer time horizons. Hope this adds something to the convo.

LLMs? No. 85% correctness and avcuracy — even 95% — is just not going to cut it in that context.

Not with my money. No way.

For big stuff like portfolio allocations? Hell no. It's a solved problem with a few good solutions already. Broad market cap weighted indexing, target date funds. Any custom themed portfolio the ai comes up with is bonkers. It may chase recent past performance and load you up with a DRAM themed portfolio. Which may be great for a few years but then you get left behind when you fail to rotate out of dram at the right time. Cap weights have rotation baked in.

For small stuff? Maybe. If it can give some insight into total cost of owner ship. on things like cars. Used vs new. The ai could compare price charts, depreciation, etc to rank some good value buys. But that can be calculated with traditional non-ai logic, just needs data.

it seems that if you have a local LLM processing your finances, it should be safe and accurate. perhaps my finance knowledge is lacking, but it seems pretty straightdforward that AI would excel at.

> What would be some requirements to be comfortable with it?

I’d have to know less than I do about what capabilities LLMs have and don’t have.

Yes, but I would not trust it to execute those decisions.

I would use it to analyze my situation, take into consideration my goals, as well as my fears and anxiety. e.g. I worry about taxes, and do not trust bonds.

Expect it to provide several plans with a list of reasons as well as pros and cons.

But I must own the final choice. One of my fears is if it does it, someone will learn to anticipate its moves and then exploit me via the AI.