Don’t Mess Up Your Finances. Here’s How

We all know it’s better to buy low and sell high, but when the market is volatile; you’re likely to do just the opposite. You panic and sell when the bottom is about to drop out, only to turn around and buy when things are looking up.

What if there was an automated behavioral prompt to jump in and stop you from making a stupid mistake with your money? According to an article by Simon Constable, some financial firms are doing that by using artificial intelligence.

To keep you from making mistakes that will cost you, these prompts can “help nudge individual investors to make better financial decisions. That can include a multitude of things from sticking to a budget to picking investments.”

The prompts are “fueled by analysis performed by artificial intelligence.” David Eckerly of Personal Capital explains how “the company analyzes information from customers’ accounts to identify spending patterns and how their savings and investments are allocated. It then uses the findings to make suggestions to the individuals that could help improve their finances. This is all data-driven and specific to the people based specifically on their situation.”

Avoiding Buying High and Selling Low

Instead of sending messages to all clients, which may cause more anxiety, Betterment reaches out to clients who are logging in. They will advise investors who want to sell or reallocate their holdings “by informing them of the costs involved. The message will include the potential tax liability of a trade and the potential cost in terms of lost retirement income from reducing their holdings.”

Those receiving these messages have been 62% less likely to make the change than if they hadn’t received the advice.

Personal Touch and Artificial Intelligence

Instead of only AI generated messages, other financial advisers also employ a personal touch as well as an email or blog to help their clients.

A wealth-management firm based in Oregon and Washington state says, “it is informed immediately if multiple clients suddenly start logging into their accounts. That guides them to see what is happening. They will then issue a broad email message or a blog that addresses what’s going on.”

Julia Carlson, founder and CEO of Financial “Freedom” Wealth Management Group observes, “A personal touch can help avoid missteps. In late 2018, when the market fell and spooked some of the firm’s clients into wanting to sell, the company was able to personally advise each client on what to do. They like that a client has to come through us and not make those emotional decisions without human interaction.”

See related post HERE.

Investing With AI and Without Emotions

The best way to protect yourself from the volatility of the market and the mistakes you might make is to remove the human emotions from trading. iFlip has developed the best automated trading software using Algorithmic Intelligence (AI).

Every trading day, AI analyzes your portfolio to see if it’s best to buy, sell or hold your positions. Hold means to have your position held in cash. AI manages your risk, taking the emotions out of trading and letting your wealth grow over time.

AI Results from 2020 Crash April 1st, 2020 Date Stamp

See how iFlip’s AI Performed in the 2020 Crash

iFlip’s best algorithmic trading software can be utilized on your PC, laptop or in the palm of your hand using the best stock market app for android and iOS. This open mobile stock trading app gives you access to your account. There, you can easily see how AI is managing your risk and protecting your wealth.

Find out more with this short video.

Maybe you need an email message to keep you from making a trading mistake. Or you can have the ease of iFlip’s algorithmic trading software manage your risk on the best mobile stock app. Hop over to iFlip and see how they can help you preserve, protect and grow your wealth.

Like this article?

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest

Leave a Reply

Your email address will not be published. Required fields are marked *

You were referred by

Zero-dollar ($0) commissions are available for self-directed Individual cash or margin brokerage accounts that trade U.S. listed securities via mobile devices and via web interface. To obtain the commission and fee schedule, please see our website at www.iflipinvest.com. Note that certain Flip Investor Inc. Product features listed are currently in development and will be available in the near future. System execution price, speed, response time, liquidity, market information, and account access times are affected by many factors, including market volatility, size and type of order, market conditions, system performance, and other factors. Some of the information provided show hypothetical results which may or may not represent live performance. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns.  Keep in mind that while diversification and the use of algorithms may help manage risk it does not assure a profit, or protect completely against losses, in a down market. There is always the potential of losing money when you invest in securities, or other financial products.  Investors should consider their investment objectives and risks carefully prior to investing.

Past performance is not indicative of future performance. iFlip data results assembled using various Flip algorithms applied to the equities listed on this webpage (if any). Results compiled for each equity and each algorithm assume a 10,000 initial investment beginning on Jan 1st 2005. All iFlip price assumptions are based on the opening price of each day as found in Yahoo finance. Yearly NAV data points compiled by compounding annual returns using standard year over year accounting. S&P500 results are derived using the SPY as a proxy. The data on this webpage is not intended as a solicitation. Always seek professional advice for suitability.

iFlip Ultimate

iFlip Ultimate is a concierge service of iFlip Financial designed for high net worth client or institutions ($1m+ Net Worth). Click below to get started.

Download our new FREE mobile app!

Floating Mobile App
Doug Adams copy

Doug Adams - COO

Doug Adams has more than 30 years of experience as an executive in the IT industry. He has demonstrated success helping companies grow profitably with high degrees of customer satisfaction. 

He has a passion for developing talent and building high performing teams. Most recently as a Senior VP at FusionStorm, he helped grow the company from $440mm to over $1bb in sales and improve profitability 1500% (15x) over 7 years. Prior to that he was at Oracle for 14 years where he served as a Vice President in their North America Consulting Division. 

He had responsibility for a variety of software and technology practices with a team of over 400 consultants. He has also held leadership positions at IBM and Andersen Consulting (Accenture), and holds a BS degree from Cal Poly, San Luis Obispo in Industrial Engineering.

Kelly

Kelly Korshak - CTO

Kelly attended Stanford and subsequently the University of Chicago and has a graduate degree in mathematics.  He spent 25+ years on Wall Street, investing over $4 Billion assets for institutional banks and funds including Deutsche Bank, Morgan Stanley, Diamondback Capital, Brevan Howard and Tudor Group. 

His strategy to investing is built around the approach that Artificial Intelligence (A.I.) and machine learning algorithms produce superior risk / reward in the stock market.  This A.I. approach led him to retire from Wall Street with his family in Arizona to start up his own company “Flip Investor”.  

His dream is to empower all individuals to grow their wealth through the power of A.I. SmartFolio technology.

Marc C

Marc Chesley - Consulting Board Member

Marc Chesley is a software industry pioneer with a passion for growing people and companies. He is a recognized innovator and operational leader. As former CTO at Infusionsoft, Marc helped grow the company from startup to over $100mm in revenue. He has led as CEO and President of many fast-growth software companies. 

Marc was recognized as Arizona CIO of the Year by the Phoenix Business Journal and the Arizona Technology Council.  The Society for Information Management awarded him Arizona IT Leader of the Year. He currently works as the COO at Paradox (fast-growing software firm) managing product teams, engineering teams, business development teams and serving as general counsel.

David Bay Bio

David Bay - Consulting Board Member

David is a Kentucky native graduating with a degree in Music Education at University of Kentucky and a Masters degree in Education from Xavier University. His early years were spent excelling as band director leading his group to breaking records, honors and 3 straight years of placing in state wide competitions. 

In 1988 David started a new life of entrepreneurship. Since then his natural ability to lead and passion for growing people has stretched him to employ over a hundred employees and operating several businesses over several industries including real estate, heating oil, farm gas, commercial lubricant, consulting, skilled nursing care, convenience store and restaurant business.  

Thomas Shippee Bio

Thomas Shippee - Consulting Board Member

Thomas P. Shippee is a financial services investor and industry expert. His early years he earned a Bachelor’s degree in Economics at Bates College and an MBA at Pepperdine University.   

For the last 35 years he has served in various positions including CEO of Wells Fargo Financial whereupon he oversaw all US and Canadian consumer and commercial business finance operations from Des Moines, IA.  He currently spends his efforts in the consumer financial services industry counseling and working for small privately held businesses.  

Karla Dennis

Karla Dennis - Board Member

As seen in Forbes Magazine, Karla Dennis is an expert tax and business strategist. As an enrolled agent, Karla is licensed to represent taxpayers in all 50 states. She holds a Masters in Taxation and Business Development and is the author of two books, Tax Storm and Against the Odds. 

She has been featured in various media outlets such as, KTLA, Forbes, MSNBC, Yahoo! Finance, and SmartMoney marking her the ultimate tax and business expert.

Ed Sweeney

Ed Sweeny - Board Member

Ed Sweeney is a partner and a founder of RCM Alternatives. Previously, he was a Managing Director of Trading at TD Options, LLC, a subsidiary of TD Securities until 2006. 

He is also a founder of Starboard Specialty Funds, LLC. which is an active fund specializing in private and publicly traded bank equities.
He was also a co-founder of a trading technology firm, Ragnarok Systems, and also worked for O’Connor & Associates and at Swiss Bank Corporation as a director of fixed income trading.
Mr. Sweeney graduated with an M.S. and B.S. in Mechanical Engineering from MIT, has a J.D. from John Marshall Law School and holds a Series 7, 24 and 63 licenses.

Free AI Circle 6

Upgrade Plan

Share With Friends

Earn Up To $250

Now you can earn cash directly in iFlip when your referred friends create an account and use a premium tier for 90 days. It’s that simple!
Just use the “Share and Earn” button to send a unique link to your friends and help them discover the power of A.I. Investing!
Money Money Money@3x
Referral Tier@3x

Certified Partner Signup

A.I. Smart Folios Automated Stock Trading

Download our app mobile app to create a free trading account.

Breakout Coming Soon!

Get notified when it's available.

iFlip Spinner

Loading

Successfully on waitlist. You will be notified as soon as the breakouts are available.

Free AI Circle 6

Upgrade Plan

Randy Tate

Randy Tate - CEO

Randy spent his earlier years as a successful collegiate athlete and then self-made entrepreneur.  He grew an athletic apparel company to over $5M+ in revenue, then sold it to a publicly traded sporting conglomerate, Sports Chalet. 

For the last 10+ years he has trained thousands of employees and business owners on how to market effectively, grow sales and build sustainable growth in their companies.

His passion for technology led him to one of the fastest growing software companies called Infusionsoft, which peaked with over 150,000 software users.  As the VP of Business Training for customers, he developed and oversaw the expansion of the Elite Business Education curriculum program.

Since then he has led as the co-founder and CEO of iFlip, SAAS Financial Technology Company.  His passion is to empower all individuals to grow their wealth for the future through the use of AI investing technology.