--- title: Would You Let AI Manage Your Portfolio? 41% of Investors Are Open to It — or Already Trying It description: A new survey from eToro found that 41% of investors are open to or are already using ChatGPT-style AI to pick and manage their investments. authors: - name: Brenden Rearick role: Reporter url: https://money.com/author/brenden-rearick/ bio: Brenden Rearick is a former reporter at Money who specialized in covering breaking news and enterprise stories about credit cards, real estate, investing, and personal finance trends. education: University of Pittsburgh, BA at_money_since: 2023 articles: 133 covers: - Economy and Politics - Banking - Career Advice - Credit - Credit Cards - Education - Housing - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes - Technology former_staff: true editors: - name: Mallika Mitra role: Contributing Editor url: https://money.com/author/mallika-mitra/ bio: Mallika Mitra is a contributing editor for Money, based in Chicago. She has covered investing and retirement for seven years and her work has appeared in CNBC, Bloomberg, Kiplinger, AARP, Barron’s, Bankrate, The Daily Upside, ETF.com, The Bond Buyer, PLANADVISER, PLANSPONSOR and Investopedia. education: Craig Newmark Graduate School of Journalism at CUNY Kalamazoo College at_money_since: 2020 articles: 395 covers: - Economy and Politics - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes - Technology also_seen_in: - CNBC - Bloomberg - Kiplinger - Barron's - Bankrate - WGN-TV - CBS News Radio - This Morning With Gordon Deal - Everyone's Talkin' Money social: - https://twitter.com/mitra_mallika - https://www.linkedin.com/in/mallika-mitra-4577a386/ published: '2023-07-11T16:04:37.000Z' modified: '2023-07-11T16:04:37.000Z' section: Economy and Politics tags: - News - stocks word_count: 416 canonical: https://money.com/investors-using-ai-to-manage-portfolios/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Chat GPT logo intertwined with a stock graph](https://img.money.com/2023/07/News-Investors-Using-ChatGPT-AI-Manage-Investments.jpg?crop=0px%2C259px%2C2880px%2C1620px&quality=85) The boom in artificial intelligence has been accompanied with widespread debate of its [ethics](https://money.com/chatgpt-write-cover-letters/), as well as fears of [job loss](https://money.com/ai-job-loss-worker-concerns/). But the innovation appears to be winning over the confidence of at least one group: retail investors. The results of a [survey](https://www.etoro.com/en-us/news-and-analysis/latest-news/press-release/four-in-ten-u-s-retail-investors-use-or-are-open-to-using-chat-gpt-style-ai-to-help-pick-and-manage-investments/) from investment platform eToro conducted online in June of 1,000 U.S. retail traders shows that some investors are ready to jump headfirst into the world of AI portfolio management. Around two in five respondents to the survey said they are open to using or are already using AI to pick or change investments in their portfolio. For younger people, this figure skews much higher. ## Make sure your hard-earned money is protected with a Gold IRA ### Gold IRAs help you protect your investments by providing the asset diversification and stability you need. Click on your state to get started. [Invest in Gold](https://money.com/pr/i29c6a119361?ap_referrer=%2Finvestors-using-ai-to-manage-portfolios%2F) ## What the data says The survey found that 41% of respondents are open to or already using AI to pick or change investments in their portfolios. That number jumps to 71% when looking at only respondents between 18 and 44 years of age. According to the findings, 31% of 18-to-34-year-old investors say they are already using services like ChatGPT to inform investing decisions, and 38% of 35-to-44-year-old respondents say the same. Of the investors open to using AI or already using it, nearly 60% say they would allow AI to alter and execute trades for them. The top reasons respondents gave for using AI to pick [stocks](https://money.com/how-to-buy-stocks/) is that they can save a lot of research time by defaulting to AI, and that they believe the technology is the future of investing. In fact, a third of respondents even said that they believe AI technology will pick better investments than a traditional fund manager. ## Keep crooks away from your investments with Identity Theft Protection ### Click below to find the best Identity Theft Protection for you. [View Plans](https://money.com/pr/p93e979ce7ee?ap_referrer=%2Finvestors-using-ai-to-manage-portfolios%2F) ## Investors turning to AI stocks Retail investors' collective enthusiasm for AI doesn't stop at the potentials for portfolio management. They're also excited about [AI stocks](https://money.com/investing-in-ai-stocks/) as an investment option. The survey found 11% of respondents say they plan to increase their holdings of AI stocks at some point this year. This comes after what has been an [impressive first half](https://money.com/are-ai-stocks-in-a-bubble/) of the year for AI stocks. Nvidia's stock, for example, is up nearly 200% year-to-date, and C3.ai's has soared around 275% in 2023. Stocks entered a [bull market](https://money.com/stocks-are-in-bull-market-will-it-last/) last month as share prices of companies related to this [latest technology](https://money.com/can-tech-stocks-keep-driving-the-market-rally/) skyrocketed. Still, many experts claim that the AI market is [not a bubble](https://money.com/are-ai-stocks-in-a-bubble/), but rather a sustainable new tech market. ![](https://s3.consumersadvocate.org/prd/image/image/19305/medium_414558a1-29d4-465e-b5d1-921febc39ed2.png) American Hartford Gold can help you take control of your financial future [Invest in Gold](https://money.com/pr/u1f7b2bc903e?ap_referrer=%2Finvestors-using-ai-to-manage-portfolios%2F) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/investors-using-ai-to-manage-portfolios/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Economy and Politics", "item": "https://money.com/economy-and-politics/" }, { "@type": "ListItem", "position": 3, "name": "Stock Market", "item": "https://money.com/stock-market/" }, { "@type": "ListItem", "position": 4, "name": "Would You Let AI Manage Your Portfolio? 41% of Investors Are Open to It — or Already Trying It" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/investors-using-ai-to-manage-portfolios/#webpage", "url": "https://money.com/investors-using-ai-to-manage-portfolios/", "name": "Would You Let AI Manage Your Portfolio? 41% of Investors Are Open to It — or Already Trying It", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2023-07-11T16:04:37.000Z", "mainEntity": { "@id": "https://money.com/investors-using-ai-to-manage-portfolios/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/investors-using-ai-to-manage-portfolios/#breadcrumb" }, "dateModified": "2023-07-11T16:04:37.000Z" }, { "@type": "NewsArticle", "headline": "Would You Let AI Manage Your Portfolio? 41% of Investors Are Open to It — or Already Trying It", "articleSection": "Economy and Politics", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2023/07/News-Investors-Using-ChatGPT-AI-Manage-Investments.jpg?crop=0px%2C259px%2C2880px%2C1620px&quality=85", "width": 1012, "height": 569, "caption": "News-Investors-Using-ChatGPT-AI-Manage-Investments" } ], "author": [ { "@type": "Person", "name": "Brenden Rearick", "url": "https://money.com/author/brenden-rearick/", "@id": "https://money.com/author/brenden-rearick/#author", "description": "Brenden Rearick is a former reporter at Money who specialized in covering breaking news and enterprise stories about credit cards, real estate, investing, and personal finance trends.\r\n\r\n", "email": "brenden.rearick@money.com", "alumniOf": "University of Pittsburgh, BA" } ], "publisher": "https://money.com/#organization", "datePublished": "2023-07-11T16:04:37.000Z", "description": "A new survey from eToro found that 41% of investors are open to or are already using ChatGPT-style AI to pick and manage their investments.", "abstract": "A new survey from eToro found that 41% of investors are open to or are already using ChatGPT-style AI to pick and manage their investments.", "@id": "https://money.com/investors-using-ai-to-manage-portfolios/", "inLanguage": "en-US", "dateModified": "2023-07-11T16:04:37.000Z", "editor": [ { "@type": "Person", "name": "Mallika Mitra", "url": "https://money.com/author/mallika-mitra/", "@id": "https://money.com/author/mallika-mitra/#author", "description": "Mallika Mitra is a contributing editor for Money, based in Chicago. 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