For beginners, the world of investment can be a daunting place. As a result, people might not want to stake their hard-earned money without further educating themselves on the dos and don’ts of investing.
However, investing doesn’t have to be scary for newcomers. Although there’s risk attached to investing, taking the time to learn about the ins and outs can potentially lead to a way of boosting your finances – particularly in a time of increased financial pressure.
Thankfully, the recently-launched investment brand Nemo has introduced its first-ever A.I.-powered financial assistant, Nemo AI – perfect for people aiming to learn more about investing.
The innovative new A.I. tool has been introduced to help new investors conquer their fears regarding the world of investing, lending a helping hand to those looking to make a start on their portfolios.
How does it work?
So, how does the new A.I. tool work? Well, similar to popular chatbots such as ChatGPT and Google Bard, users can ask Nemo AI questions and get accurate replies regarding investing, stock prices, and industry term definitions.
It means people can easily learn more about the intricacies of investing, no matter how knowledgeable they might already be. The tool is on hand to answer queries and provide tailored responses to users requiring more information on a number of topics concerning the world of investing.
Nemo is backed by over 25 years of industry experience, therefore, they know how complex stepping into the investing world can be. With the development of the new GPT-powered tool, investors can get answers to their burning questions with the tap of a button.
Exploring the AI tool
Let’s take a look at some of the ways the new tool can be used to answer investing queries. Firstly, when asked to define dividends, Nemo’s AI tool responded with:
‘’Dividends are payments made by companies to their shareholders out of their profits. Companies decide how much of their profits to distribute as dividends, and typically dividend payments are made twice a year. Dividends can be paid in cash, additional shares of the company’s stock, or a combination of both. Dividends are a great way for investors to earn steady, passive income from stocks that they own.’’
This is just one example of how the A.I. tool can be used to simplify the world of investing, helping users learn about key terms in a quick, easy-to-digest way. The A.I. is not only able to provide accurate information – but also does so in a matter of seconds.
Nemo AI’s ability to provide up-to-date market information regarding stock prices and statistics can aid users in finding an opportunity to invest.
When asked about the current stock price of Tesla, Nemo’s AI tool responded with the following:
‘’The current stock price of Tesla (TSLA) is $174.65. It is up 2.10% for the day and up 4.94% for the past week. It is down 4.69% for the past month and it has a trailing twelve months EBITDA of $16.6 billion. The trailing twelve months EPS excluding extraordinary items is $3.4, the trailing twelve months gross margin is 23.13%, and the ten-day average volume is 113.03 million.’’
The tool not only provides the latest available information but also analyses the stock price over a period of time – allowing potential investors to gain a better understanding of the direction that specific stocks might be heading in.
Aside from term definitions and stock price summaries, the GPT-powered tool can also compare stock prices against one another. Here’s the tool’s response when asked to compare Ford to Tesla:
‘’The (Ford) stock is currently trading at $11.87, a -6.31% decrease in the last month. Ford’s forward price to earnings (P/E) ratio is 6.81, which is considerably lower than Tesla’s P/E of 49.75. Ford has a dividend yield of 4.63%, paying out $0.55 per share compared to Tesla, who has no dividend payment.’’
From the examples above, it’s clear that Nemo AI can be utilized by users looking to gain more context regarding investment information and opportunities in various ways.
Speaking on the launch of the innovative Nemo AI tool, Nick Scott of Nemo said:
“At Nemo, we’re committed to connecting individuals with opportunities in the financial markets.
“We know that many potential investors feel held back by a lack of knowledge, and that’s where Nemo AI comes in. By leveraging the latest in AI tech, we’ve created one of the world’s first GPT-powered financial assistants, empowering new investors around the world with the knowledge they need to make informed decisions.
“We’re really excited for the future of Nemo AI and can’t wait to see where the technology is able to go from here.”
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Nemo AI can give clients balanced answers and statistics rather than conclusive opinions, leaving clients to make educated investment decisions that are best suited to them.
Try Nemo AI for yourself. It’s available worldwide.