Taking Emotion Out of Investing
As Investing Daily Editorial Director Robert Frick discussed with me last week, investors often do the wrong thing—not because they’re dumb or ill-informed, but because our brains aren’t wired for investing. Making money in the markets can happen in many different ways, but every path to profits has a common element: taking emotion out of investing. One way or another, you’ve got to sort out hard information that can help you from sensory input and emotions that can hurt you.
I don’t know about you, but when I think about emotionless thinking, what comes to mind is a computer or a robot. We’ve been hearing a lot lately about the dark side of getting machines to think; the broad term is artificial intelligence (AI). Some futurists worry that machines will get so smart they’ll conquer the human race.
That’s an interesting concept, but I’m not adding World Domination by Machines to my list of “things to worry about” until someone manages to teach my freezer how to unjam the ice maker. Instead, I’m going to focus on how we can use AI to our advantage. As it improves, the possibilities are much more enticing than scary, in my view.
In fact, AI could be instrumental for improving decision-making. Many corporate executives already think so. But until recently, individual investors haven’t been privy to high-potential AI applications in areas like investing.
That’s why all of us at Investing Daily are excited that Jim Pearce, our director of portfolio strategy, is finally providing public access to his system, which uses AI to keep emotions out of investing. The Rapid Profits Matrix, the umbrella that incorporates several stock-picking models, has generated more than 788 winners, many with triple-digit returns.
You can be among the initial group of investors to share in Jim’s success at a special online event tomorrow—Tuesday, October 4, at 8 p.m. A few spots remain available, so I’ve been given permission to share the link with you in this letter.
Click here to sign up. You’ll be glad you did.