2019 Update: Does Investing Algorithms / Algorithmic Intelligence (AI) Work? (2024)

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  • April 8, 2019
 

Chief Technology Officer, Kelly Korshak of iFlip gives an update to members on March 2018 regarding the status of how they can know that the algorithmic intelligence is working. Many have inquired regarding the algorithms and if they work overtime. This is his 3-minute response to that question.

Chief Technology Officer Kelly Korshak is the creator and architect of iFlip Investor’s Algorithmic Intelligence (A.I.) technology. He developed the AI while managing over 4 Billion dollars of hedge fund investments on Wall Street at the following banks: Deustche Bank, Brevan Howard and Tudor.

This strategic and one of a kind technology runs on stock investments of retirement accounts (401K, ROTH, IRA…etc.) and personal investment accounts. It has proven to beat the market and have the power to preserve, protect and grow wealth.

This type of AI or algorithmic strategy focuses on managing the risk of investments, which is totally different than most market index funds. The majority of retirement accounts are run on “Buy & Hold” strategy which means they will hold money in the market through the crashes and growing times. This is a go with the flow type of plan. Investors will gain a lot of money during the good market times but will lose the majority of the money during stock crashes and corrections.

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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 atwww.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.

2019 Update: Does Investing Algorithms / Algorithmic Intelligence (AI) Work? (4)

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.

2019 Update: Does Investing Algorithms / Algorithmic Intelligence (AI) Work? (5)

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.

2019 Update: Does Investing Algorithms / Algorithmic Intelligence (AI) Work? (6)

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.

2019 Update: Does Investing Algorithms / Algorithmic Intelligence (AI) Work? (7)

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.

2019 Update: Does Investing Algorithms / Algorithmic Intelligence (AI) Work? (2024)

FAQs

Does AI investing work? ›

Can AI really predict the stock market? Some professional traders use algorithmic trading tools to help them beat the market or predict trends, but no human or computer can accurately predict the stock market all the time.

How accurate is AI in stock trading? ›

These coded algorithms are quite accurate in their predictions of stocks. Asset management companies deploying AI have been recording accuracy of more than 80% while predicting stock price movements. Comparatively, algorithms have also been found to deliver high efficiency at lower costs.

Does AI trading bot work? ›

Automated Analysis: AI trading bot can process and analyze market data 24/7, providing a level of efficiency that traditional trading methods struggle to match. This continuous analysis ensures that no lucrative opportunities are overlooked.

Is it legal to use AI for stock trading? ›

Using AI to trade stocks is legal. However, financial institutions must remain compliant with any regulations when relying on AI-based trading, and individuals may want to keep in mind the potential risks of AI trading tools.

Can AI really predict stock market? ›

"We found that these AI models significantly outperform traditional methods. The machine learning models can predict stock returns with remarkable accuracy, achieving an average monthly return of up to 2.71% compared to about 1% for traditional methods," adds Professor Azevedo.

Can AI make me money trading? ›

Some AI tools and platforms can enable investors to trade in a faster, more efficient way, aiming to help you be better at it — and to help you make more money, faster. Yet, not all AI tools are created equal. “It's important to remember, when you're choosing AI tools to trade stocks, AI is a tool and resource.

What is the most successful trading bot? ›

  • Cryptohopper. Best crypto trading bot overall. Learn More.
  • Coinrule. Best crypto trading bot for no-code trading rules. Learn More.
  • TradeSanta. Best bot for beginning traders. Learn More.
  • Pionex. Best exchange-built bots. Learn More.
  • Shrimpy. Best social trading bot. Learn More.
Jun 3, 2024

Can AI bots make you money? ›

Create An AI Chatbot

If you have good programming and coding skills, you might be able to make money through specializing in developing bespoke chatbots for businesses, to be used as part of their internal processes (i.e. for knowledge sharing for employees) or externally for sales and customer service.

Which AI bot is best for trading? ›

9 Best AI Stock Trading Bots (June 2024)
  • Trade Ideas. ...
  • TrendSpider. ...
  • Signm. ...
  • Signal Stack. ...
  • Stock Hero. ...
  • Tickeron. ...
  • Scanz. ...
  • Imperative Execution.
Jun 2, 2024

How do I use AI to make money? ›

AI can help you set up an affiliate marketing website in part by observing search trends to figure out what products are worth featuring. Once it's up and running, an affiliate marketing website can be a great side hustle, bringing in passive income while you focus on other projects.

Can you use AI to pick stocks? ›

Artificial intelligence can make a great addition to any portfolio strategy. You can ask questions and receive stock picks, insights and critical details to help you make the best decisions. AI shortens the research process and simplifies stock picking.

Can AI replace trading? ›

AI can automate certain aspects of stock trading, analyzing data and executing predefined strategies. However, the success of AI in trading depends on various factors, and it cannot completely replace manual trading.

What is the success rate of AI trading? ›

These have several investment algorithms related to thousands of potential trading contexts. Overnight, probability is shared with traders and this has a success rate of 60% or more.

Is making money with AI real? ›

Here are a few ways you can make money with AI: Developing AI applications: You can develop and sell AI applications such as chatbots, virtual assistants, predictive analytics tools, and more. Consulting services: You can offer consulting services to businesses and organizations looking to implement AI solutions.

Is AI trading profitable? ›

AI trading uses algorithms and machine learning techniques to identify patterns and trends in the market, reducing the risk of human error and increasing the accuracy of trades. AI trading can help traders to identify opportunities that may have been missed by traditional trading methods, resulting in higher profits.

Can AI help with buying stocks? ›

The best outcome of using AI in stock market trading is a trading signal. Such signals are the result of AI systems' big data analysis on particular assets providing precise recommendations for successful trading decisions, such as the best entry price, stop loss, and profit margins.

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