The Globe and Mail reports in its Saturday, June 10, edition that using AI chatbot Chatsonic to build an ETF portfolio was a qualified success. The Globe's Rob Carrick writes that in seconds, it popped out a built-to-order portfolio that mainly uses popular funds you can trust. AI does not replace human intelligence -- it is too minimalist in providing the background supporting its investing choices, and some of its picks are too flakey. Mr. Carrick asked Chatsonic to build a portfolio of ETFs for a Canadian investor, with a weighting of 70 per cent stocks and 30 per cent bonds, with percentage weighting for each. Here follows what Chatsonic produced in response to the request to build a 70-30 portfolio: iShares S&P/TSX 60 Index ETF -- 50 per cent;
Vanguard Total Stock Market ETF -- 20 per cent;
iShares MSCI EAFE ETF -- 10 per cent;
iShares Canadian Universe Bond ETF -- 10 per cent;
iShares Core U.S. Aggregate Bond ETF -- 10 per cent.
Mr. Carrick says the obvious glitch here is that bonds account for 20 per cent of the portfolio, not the requested 30 per cent.
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