Any of you with experience doing this (aimed at getting good feedback on strategy, allocation, choices, etc)?
Good prompts?
Useful feedback?
Concerns (eg personal info)?
Not what you have requested (actually quite the opposite of it), feel free to request deletion by PM or a mod:
I haven’t done it and I strongly suggest agains it (I actually suggest not using AI for financial planing or investment advice at all, there are plenty of very good free resources on the topic while AI is sort of a black box that can be wild).
Will gladly hear of the benchmarked feedback of the people who have done it.
IBKR recently launched a connector for Claude that allows users to access and interact with their account and portfolio directly from the interface. It is even possible to prepare trade orders, which must still be manually reviewed and approved before execution. The opportunities offered by this integration appear particularly promising :
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I have done it, and I’m very happy with the results. Once it’s in there, AI remembers it and you can easily ask for updates.
Just use natural language to ask what you are looking for.
If you are concerned about privacy, you can create a local Excel file (or similar) with all your data. Then you copy that file and remove the parts that you don’t want AI to have access to.
Without getting into too personal specifics, how did it help?
I’ve used Chatgpt so far to
- review my portfolio allocation at high-level (helping to identify over/underweight)
- give feedback on ETF’s (e.g. to find better alternatives, quickly point me to the right one - e.g. when I’ve already chosen one to ensure I get acc vs. disb or the right jurisdiction, etc.) - what’s been very helpful is to give ETF’s with my target allocation % and then get feedback on where it does/doesn’t make sense or to get ideas about better alternatives
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I have used it to create a historical performance reports of my investments. So I gave Claude (my AI of choice) statements of my very first investments (over 20 years ago) until now. this gave me a nice overview of how much better my current investments are compared to 15 year ago. I can choose the format (plain text or nice graphs).
Also, I use AI to inform myself about ETFs that are mentioned by friends and family, to give them some informal investment advice.
I use AI for monthly updates of my current portfolio (simply asking 'give me an update status about my portfolio). I use AI to teach me about more complex products such as calls and puts.
As you might have found out, I’m quite a fan-boy of AI. I see the sky as the limit.
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Reading this and with my own experience, I can sense some major changes coming for wealth management, investment/stock analysts, etc. - wouldn’t surprise me if this will drive fees down big time (and I’m not just referring to shift to ETF’s and their fees).
Something I’ll gently mention during a call UBS wants to have with me later this week to push more (expensive) services on me.
Fees are already down a lot over the last few years, just not with UBS 
. You are paying for their name, reputation, marketing, products. If you DIY its much cheaper. May I ask what keeps you at UBS, why not another cheaper alternative?
UBS was the account I opened before 
moving to Switzerland and I’ve been happy (generally) with their services and don’t want the hassle of switching.
I have
- mortgage with them (so can’t leave anyway)
- checking account
- savings account
- and, more important, stock portfolio
Purposefully kept 2nd/3rd pillar elsewhere (2nd is freizugigkeitskonto) despite efforts from UBS to get me to move it to them.
I appreciate
- access to a LOT of stock research (helps me filter out duds)
- annual tax return report (too complicated to create myself given number of positions, trades, options activity)
- having a person who takes care of my needs
But, they are expensive. And when I get invites e.g. for polo in Sankt Moritz it makes me feel like I’m overpaying.
If my portfolio continues to shift more to ETF’s, I may decide to switch to a low cost provider.
Note, I also have a sizeable cash position on checking account and prefer to not have that with a 2nd/3rd tier player.
Haven’t use AI for financial advice/planning, because my financial life/setup is really so simple that my own organic intelligence does a pretty good job of that.
I have tried using it for market assessments, particularly for commodities markets. That’s where I could see AI being potentially useful for my financial use cases, as it should hypothetically be able to garner and assess much more information than I could. But I can’t say I’ve been impressed by the results of my experiments. The markets never seem to play out as predicted. But that could change if/as more information from more links in market chains becomes accessible to AI.
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I am not following how is this something you don’t do yourself better than any AI already - I mean these specific questions you wrote.
Between this place for CH and reddit for broader questions I think it’s hard not to be covered.
I just asked regarding my portfolio, which is let’s say
- 45% VWRL
- 40% SCHD
- 10% CHDVD
- 5% BRK.B
Said it’s lacking in diversification in both small cap, EMs and tech. Said that it’s a value/quality bet. I said “oh well, I knew this already” 
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Admire the simplicity of your portfolio. Gradually I may get there at some point as well:)
Curious, perhaps covered elsewhere already, but what’s the idea behind 5% BRK?
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I just had this idea some years ago to use dividends paid in USD to buy BRK.B shares as a forever holding for my kids. Has been patchy the last 12+ months, I’ll give it another 12 months with Abel at the helm and then decide if to keep them. My one claim to fame is that I bought the fist tranche while Munger was alive so I have some silly affection for them being “OG BRK”.
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Yup. “Make me a trillionaire. Don’t make mistakes.”
Done
i had quite some discussions with claude where i had him build some jupyter lab scripts for mechanistically deriving specific allocations of select ETFs based on different philosophical approaches to passive indexing.
i was surprised how well it worked. However i never elevated this to become my allocation strategy.
I still learned a lot doing this and it was very interesting.
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AI can be an idiot. But so can people, professionals included.
Using AI can be a great exercise: include in the prompt to explain its review and its recommendations, and make it cite sources. What do you agree with, what not? Why? Read up on the sources, assess their credibility.
Explain to yourself why you should keep your portfolio as is, and not follow up on the AI’s recommendations. Or if you agree you should change something: justify that change to yourself. Ask yourself, why do this change now? Why haven’t you done it this way in the past?
Trusting AI blindly is a mistake. But you should always be able to defend your choices. If you can’t defend them against a supposedly idiotic opinion, maybe you’re the idiot.
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Some of the question I write in google’s AI give back this forum as source 
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Wow, if they invite there, it looks extremely expensive. Can you give some numbers? What is the threshold of invested portfolio (or how much commissions) do you need to get these expensive invitations?
I suspect it’s based on how profitable you are as a client and i’ve never done the math
- UBS advice (a program which gives me access to a lot of research plus financial plannign support)
- Mortgage
- Option premiums (lots!) and related commissions
- Stock trades and related commissions
It probably adds up. I am not HNWI i suspect though.
As i transition to more etf’s and less individual stock picking and trading i may reconsider UBS - even more as eventually my freizugigkeita konto will drop to UBS when i take the lump sum.
Keep in mind with such events though - tickets, food, drinks, etx while all great dont cost UBS that much compared with incone on commissions or conpared to my cost to pay for an expensive sankt moritz hotel. It was enjoyable, but not really my scene even though the people watching was fun (men with fur coata, women witj 50k handbags, etc). Quite a lot of posers as well though i suspect “yeah, i am a hedge fund manager” and i am thinking to myself “ok, your a trustfund kid”.
I love the freedom which comes with being financially comfy and have expensive tastes in some areas but dont likw the rich scene (ef i detest the vibe on bahnhoffstrasse in zurich, rather go to a rock concert!).
Maybe i am just misanthropic​
You mean UHNWI? (HNWI is over 1M in investable assets)
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