Do You Really Need AI In Your Finances?

Public recently announced AI Agents that could monitor your portfolio and execute trades based on your instructions.

You can use plain English to tell agents what to do, like buy options if the VIX goes above a certain level.

If you have excess cash in your portfolio, you can have an agent sweep it into a money market or something similar.

I think these are all cool features… but I also think it’s unnecessary.

Perhaps dangerous.

As a buy and hold investor, I’m not monitoring the markets and making informed trades based on what I see.

I’m also not sophisticated enough to know what to monitor and what to do when I see something worth acting on.

“But Jim, can’t you just learn?” Yes, I can.

But as a father of four, there are other things I’d rather be doing instead.

I’d rather spend time with my kids, my lovely wife, exercise, or pursue my hobbies.

I think AI Agents can be powerful but I’m not comfortable with them buying anything for me, whether it’s yogurt or shares of VOO.

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