First AI ETF is out, would you buy at all?

[lawrence-lugar]

It probably picks the 70 largest companies, so pretty similar return to the market.

I agree, Pekelo...there's nothing new under the sun. The general concept of the market is as old as Moses.

If you truly want to breakaway from the pack...you have to be a really great discretionary trader.
Make Trading Great Again, Pekelo....high-five

 

[Metamega]

When you make a portfolio of 70 stocks it's going to be hard not to perform like a index ETF

 

[newwurldmn]

When you make a portfolio of 70 stocks it's going to be hard not to perform like a index ETF

Unless you pick stocks that aren't diversified over some factor or criteria.

 

[JackRab]

I need to get onto that stuff....

 

[GloriaBrown]

So far the performance is not good at all

 

[GloriaBrown]

This stock drops below its initial price today, so funny!

 

[JackRab]

Yeah.. AI in trading... I don't get that.

I don't know how they designed it. But for me personally... if I would look at too many parameters, I suck at trading. Too much info isn't good, and not just because there's a lot of misinfo out there... and info that's already incorporated in price. It's almost like looking at a forest and not seeing the trees... not helpfull.

But companies that develop AI... that's interesting. The big ones are probably already valued pretty high, like google etc.

 

[GloriaBrown]

This so called "AI" is still below its initial price while sp500 keeps making new high, is this AI having IQ 50 or what?

 

[GloriaBrown]

Just did some simple math, just around 8 trading day this so called "AI" is around 0.8% worse than sp500 now. This is horrible! This AI thing would be annually 25% behind sp500 if you do the math!

 

[GloriaBrown]

at this moment today:
DJI: 0% movement
this IQ 50 etf: -0.71%
this IQ 50 (may be only 30) etf is my watching list for shorting!