It will tell you something like TQQQ is not a good long term hold, when it can be perfectly fine especially if you mix in with 60-20-20 with TQQQ-GDE-ZROZ, and DCA and annually rebalance.

AI will tell you "common" things people say, not necessarily smarter things that may be more suitable for you. This is not a bad thing, you just need to know better than to listen everything as a gospel.

That was the first time I felt like real people's jobs were threatened by AI. Financial advisors and tax accountants better adapt quickly.

sounds like pretty generic advice. I thought they meant it gives good stock picks or trading strategies. That would be noteworthy. This is just "meh".

i want to create a Financial advisor agent.md / i can use for a system prompt in a claude project or as a a agent in a wider financial research workflow

by looking at this paper and access to the internet identify ways to address the points that are identified where ai is good and bad at and improve on those areas and ultimately provide a comprehensive financial advisor agent

in research mode - let’s see how it goes!

Usually discussions about money are never actually about money, but rather safety, fear, etc.

That’s where a real advisor earns their keep. Understanding the client and instilling confidence/comfort.

Cutting expenses is the absolutely best thing you can do because it gives you more money to save AND reduces how much money you need to survive in retirement. Drive a 2007 Camry instead of buying a new F150 every 2 years. Live in a small as space as possible. Don't buy designer whatever.

Own your home (if you can). Invest in a diversified passively-invested portfolio. Don't gamble (including crypto). A Vanguard total market fund is fine.

Unfortunately many people make life-changing bad financial decisions when they're the least capable of understanding the implications and that is by taking on massive amounts of student loan debt. You go to your dream school because, well, it's your dream, but your potential career has no way of conceivably paying back that $250k+ for an out-of-state private school. Favor in-state tuition at a state school or whoever will give you a scholarship. You can go further and do 2 years at a community college before transferring to a 4 year program.

Somewhat controversially, I'm also not opposed to people finding the right job in the military for 4 years to pay for tuition. Not something that'll destroy your body or put you in harm's way. Ride a desk for 4 years. Lots of people don't have this option because of common conditions like asthma or ADHD however. In certain branches you might be able to do 2+ years of that college concurrently.

Now society has cooked the housing market and that's a massive problem that's only going to get worse. It wasn't that long ago that you could buy a relatively cheap starter home. You need a fairly serious income for that now.

Oh and if you have children you absolutely need life insurance on yourself and your partner and disability insurance as well.

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By comparison, financial advice is pretty simple, and there is a universally agreed-upon approach that most people should follow to maximize long-term financial health.

I spent years in this industry, and the advice from these 'experts' is demonstrably poor.

It only takes Draftkings writing a very large check to Google before it responds to financial questions with solid advice before ending with, "Since you have a few spare hundred dollars laying around, why not try a high-risk investment into same-game parlays?"