I asked ChatGPT for investing advice in a recession. See its strategy. – Markets Insider

Last November, OpenAI launched the intelligent language tool, ChatGPT, and it’s since exploded in popularity and netted a $10 billion investment from Microsoft. 
The bot has impressed me with how well it can spit out articulate, comprehensive explanations for things as varying as dating app messages to news articles.
Earlier this month, I asked ChatGPT to share its thoughts on the stock market, and it gave a surprisingly thorough breakdown of meme stocks, S&P 500 moves, and lingering market impacts from the pandemic.
Here’s what the AI tool had to say when I asked for a good investment strategy for a recession. 
The bot’s history only goes as far as 2021, so it doesn’t have access to real-time markets data or news of current affairs. Yet, the portfolio advice it produced was similar to that of human strategists I’ve spoken to this year. 
“During a recession, it is important to have a well-diversified investment portfolio that can weather market volatility,” ChatGPT wrote.
Then it listed out the following: 
ChatGPT emphasized that a recession is a short-term economic slowdown, and markets eventually recover. That means investors would be wise to adopt a long-term perspective on each of these investments, it said.
As any cautious advisor would warn, the bot concluded with the reminder that “past performance of an investment is not indicative of future performance and that investing always carries risk.”
Thanks, ChatGPT.
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