AI took a test on wealth advice! | 1-min read

After the bull market in January 2023 📈, the market seems to have lost its momentum over February. 📉With the hype around AI Chatbot, we challenged the chatbot on giving us wealth insight for today’s market! 💭GoWealth_Insight-March(Screen)EN.pngNote: This is not an investment advice and is for reference only.After the test, 🤖 AI Chatbot summarises well on what a good wealth management is about. E.g. Diversification, long-term investing, and avoid emotional investing, which coincidentally matched with GoWealth!But in contrast, 🚀 GoWealth’s algorithm has incorporated with a forward-looking projections, enabling GoWealth to produce detailed simulations and analysis for the next 50 years1.GoWealth, One-stop Fund Investment Advisory SolutionCapitalising on the power of technology and the investment expertise of AllianzGI, GoWealth offers our customers professional wealth advice in the most seamless way. From financial planning and investment portfolio recommendations, to fund transactions and financial goal tracking, all you need is WeLab Bank app, and it will bring you to your goals on autopilot2!eDM_footer(ETW)EN.jpgClick here to Learn More1The algorithm in the GoWealth Digital Wealth Advisory Services relies on the portfolio simulation database containing 12,000 simulation paths for the model portfolios projected over the next 50 years (i.e. 600 months), which reflects our capital market forecast on various asset classes and the model portfolios in terms of risk, return and correlations.2You may set up your investment goal via our Wealth Management Services on the WeLab Bank app, including the relevant investment horizon and one-time investment and monthly investment amounts. Our algorithm will recommend you a model portfolio based on your investment goal as well as your relevant personal circumstances. If you accept the recommendation, we will follow your instruction to process your one-time investment, and invest the monthly investment amount set by you in the model portfolio each month automatically. We will provide you various types of alerts/notifications, including but not limited to alerts/notifications about the status of your investment goal. However, such alerts/notifications are not investment advice. You may view the status of your investment goal and edit your investment goal on the WeLab Bank app according to your needs. The services are not discretionary asset management services. Any recommendation provided under the services is not a guarantee that you will achieve your investment goal.Note: The GoWealth Auto Upgrade Offer is not applicable to any loan customers in WeLab Bank.* From now until 31 March 2023, if you have successfully opened an Investment Account, for the first 180 days from the date of account opening, you will receive a monthly cash rebate, amount of which shall be equal to Eligible Deposit X Cash Rebate Rate. If you have successfully placed mutual fund(s) subscription order(s) with an one-time investment and/or monthly investment with accumulated amount of not less than HKD 20,000 (or equivalent) with your investment account on or before 31 March 2023, you can even enjoy an additional monthly cash rebate for the first 180 days from the date of account opening, amount of which shall be equal to Eligible Deposit X Bonus Cash Rebate Rate. Please note that: (a) Eligible Deposit refers to the HKD fund placed in your Core Account capped at HKD100,000. (b) Cash Rebate Rate shall be equal to 2.80% minus the current prevailing interest rate applicable to your Core Account, (c) Bonus Cash Rebate Rate shall be 1.00%. This program is not applicable to any loan customers of WeLab Bank. Terms and conditions apply. For more details, please visit https://www.welab.bank/en/legal/casagowealth_offer_tnc/^From now until 31 March 2023, if you are an existing customer of our Wealth Management Services and have successfully placed mutual fund(s) subscription order with an one-time investment and/or monthly investment order(s) with accumulated amount of not less than HKD 20,000 (or equivalent), for the first 180 days from the first successful order placement date, you will receive a monthly cash rebate, amount of which shall be equal to Eligible Deposit X Cash Rebate Rate, in which: (a) Eligible Deposit refers to the HKD fund placed in your Core Account capped at HKD100,000, (b) Cash Rebate Rate shall be equal to 3.80% minus the current prevailing interest rate applicable to your Core Account. Note: This program is not applicable to any loan customers in WeLab Bank. Terms and conditions apply. For more details, please visit https://www.welab.bank/en/legal/casagowealth_offer_tnc/Importance NoticeThis document is for general information only. The information or opinion herein is not to be construed as professional investment advice or any offer, solicitation, recommendation, comment or any guarantee to the purchase or sale of any investment products or services. This document is for general evaluation only. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person or class of persons and it has not been prepared for any particular person or class of persons.The information or opinion presented has been taken from sources (including but not limited to information providers and fund houses) believed to be reliable by WeLab Bank, but WeLab Bank makes no warranties or representation as to the accuracy, correctness, reliabilities or otherwise with respect to such information or opinion, and assume no responsibility for any omissions or errors in the content of this document. WeLab Bank does not take responsibility for nor does WeLab Bank endorse the information or opinion provided by any information provider or fund house.Past performance is not indicative of future results. WeLab Bank makes no representation or warranty regarding future performance. Any forecast contained herein as to likely future movements in interest rates, foreign exchange rates or market prices or likely future events or occurrences constitutes an opinion only and is not indicative of actual future movements in interest rates, foreign exchange rates or market prices or actual future events or occurrences (as the case may be).You should not make any investment decision purely based on this document. Before making any investment decisions, you should consider your own financial situation, investment objectives and experiences, risk acceptance and ability to understand the nature and risks of the relevant product(s). WeLab Bank accepts no liability for any direct, special, indirect, consequential, incidental damages or other loss or damages of any kind arising from any use of or reliance on the information or opinion herein. You should seek advice from independent financial adviser if needed.WeLab Bank is an authorised institution under Part IV of the Banking Ordinance and a registered institution under the Securities and Futures Ordinance (CE Number: BOJ558) to conduct Type 1 (dealing in securities) and Type 4 (advising on securities) regulated activities.This document is issued by WeLab Bank. The contents of this document have not been reviewed by the Securities and Futures Commission in Hong Kong.