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AI chatbots give wrong answers to financial queries 'most of the time'

157 points · 89 comments · 1vuio0pswjnm7

  1. lukeify · · focus · HN ↗
    Given most financial advisors tend to vend out suboptimal advice and steer customers in favour of products they receive a kickback for, I'm happy to be accepting of an unbiased LLM that's trained on bogleheads.org.
    1. in_absentia · · focus · HN ↗
      If that's what you want, I'll save you some tokens:

      #!/bin/sh

      while read question; do echo "Put it into VFIAX"; done

      1. schnitzelstoat · · focus · HN ↗
        It depends though - I'm not in the US and in my country ETFs get taxed continually whereas mutual funds don't get taxed until you sell.

        In general, invest in low-cost index funds is pretty solid advice everywhere. In different countries you might use slightly different instruments due to tax advantages (like the ISA in the UK etc.)

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