I am now working for an AI startup, and I am pretty immersed in this world. I'm also taking over my aging parent's portfolio, which was frankly a complicated mess. So I went to ChatGPT (Paid) and did the following prompt:
The results were not terrible, although a bit more complicated than I would have expected (why 5-10% in CD's as well as 10-15% T-bills and 10-15% TIPS). Basically, 80% fixed asset/20% equity, which is kind of near the rule of thumb.
I didn't think the advice is as good as what I gave my mother, but it wasn't actively harmful and is likely to outperform 80% of financial advisors with a 1% per annum fee.
I sent my mother to Chase to turn some of her checking account into a Vangaurd TIPS ETF, she walked out with the tips paying 4% in a managed account costing 3.25%. She's 77 and missing some steps so thank goodness she can have AI to help her no since I don't have the time to keep an eye on everything.
Code:
Give a model portfolio for a 77 year old female high net worth investor. Focus on balancing inflation protection, capital preservation, and income, focusing mainly on liquid assets that I can purchase on an exchange in the United States, or through major financial institutionsI didn't think the advice is as good as what I gave my mother, but it wasn't actively harmful and is likely to outperform 80% of financial advisors with a 1% per annum fee.
I sent my mother to Chase to turn some of her checking account into a Vangaurd TIPS ETF, she walked out with the tips paying 4% in a managed account costing 3.25%. She's 77 and missing some steps so thank goodness she can have AI to help her no since I don't have the time to keep an eye on everything.
Statistics: Posted by softwaregeek — Fri Nov 14, 2025 10:40 pm — Replies 31 — Views 1485