Have you tried ChatGPT yet?
There’s been a lot of talk lately about the chatbot developed by Open AI to generate humanlike conversations with people on a range of topics — big or small.
Many have already tried it and found that its potential is wide-ranging.
Over the past few years, low-cost investment robo-advisers have democratised investing for the masses by using AI to assess, for instance, a person’s risk level.
But what about ChatGPT’s potential as a financial adviser? What type of advice would it offer and could it replace the 20th-century concept of an expensive money manager that many people can’t afford?
Host Felicity Glover speaks to Joseph El Am, general manager of digital wealth manager StashAway Mena, about ChatGPT and financial planning.
Hosted by Felicity Glover
Produced by Arthur Eddyson and Doaa Farid
Listen to last month's episode on whether you will receive a salary rise this year:
The specs
Engine: 6.2-litre V8
Power: 502hp at 7,600rpm
Torque: 637Nm at 5,150rpm
Transmission: 8-speed dual-clutch auto
Price: from Dh317,671
On sale: now
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
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