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ChatGPT-powered Wall Street: The benefits and perils of using artificial intelligence to trade stocks and other financial instruments Thumbnail

ChatGPT-powered Wall Street: The benefits and perils of using artificial intelligence to trade stocks and other financial instruments

Artificial Intelligence-powered tools, such as ChatGPT, have the potential to revolutionize the efficiency, effectiveness and speed of the work humans do. And this is true in financial markets as much as in sectors like health care, manufacturing and pretty much every other aspect of our lives. I’ve been researching financial markets and algorithmic trading for 14 years. While AI offers lots of benefits, the growing use of these technologies in financial markets also points to potential perils. A look at Wall Street’s past efforts to speed up trading by embracing computers and AI offers important lessons on the implications of using them for decision-making. Program trading fuels Black Monday

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Tax-Advantaged Ways to Save for College  Thumbnail

Tax-Advantaged Ways to Save for College

In the college savings game, all strategies aren't created equal. The best savings vehicles offer special tax advantages if the funds are used to pay for college. Tax-advantaged strategies are important because over time, you can potentially accumulate more money with a tax-advantaged investment compared to a taxable investment. Ideally, though, you'll want to choose a savings vehicle that offers you the best combination of tax advantages, financial aid benefits, and flexibility, while meeting your overall investment needs.

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Divorce, Finances, and Your Path Forward Thumbnail

Divorce, Finances, and Your Path Forward

If you’re thinking about divorce, or you’re in the middle of divorce, there are financial considerations you have to think about. It’s hard because most people are so stuck in the emotional aspect of a divorce, but if you want to protect yourself, these are some items you need to address:

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The Different Stages of Financial Freedom   Thumbnail

The Different Stages of Financial Freedom

If you're living paycheck-to-paycheck or stuck in a job you don't love just to pay the bills, it can be easy to feel as though you're financially trapped. But financial freedom doesn't need to be elusive—with some focused and consistent effort, you may be able to achieve financial freedom sooner than you expected. Below, we'll discuss the different stages of the financial freedom journey.

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Turning Adversity into Opportunity! A Mantra I’d Like to Live By, but I Mostly Just Complain Instead Thumbnail

Turning Adversity into Opportunity! A Mantra I’d Like to Live By, but I Mostly Just Complain Instead

Over the weekend, I got to be a part of something incredibly special. Five years ago, my friends’ son was diagnosed with Type 1 diabetes. For anyone that has ever dealt with diabetes, or has a loved one with diabetes, you know the emotional, physical, and financial strain it can have. But this is no ordinary family. They took their distressing and upsetting news and turned it into hope. Every year since their son was diagnosed, they host the Diabetes Dash 5k Run/Walk. In the first 4 years they managed to raise over $80,000 for JDRF – the world’s largest nonprofit organization that funds and advocates for Type 1 diabetes research and treatments. On Sunday, they held their 5th annual race. It was the second year I was able to sponsor the event and the first year I was able to participate. Seeing what they have built was inspiring and I was in awe of the community of people that gathered around them to support their cause.

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10 Tips to Work Toward Financial Freedom Thumbnail

10 Tips to Work Toward Financial Freedom

Financial freedom is a state of being in control of one's finances, covering expenses easily, and saving for future goals. Financial freedom enables you to choose how you spend or interact with your money and have the choice to decide what to do with it. Financial freedom is essential to being financially secure and meeting your goals. Here are ten tips to help you develop financial freedom.

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Stepping Up to the Plate: Four Baseball Money Lessons   Thumbnail

Stepping Up to the Plate: Four Baseball Money Lessons

Baseball and financial management can have more in common than meets the eye. Below, we discuss four key lessons that investors—and everyone else—can learn from America's favorite pastime. Diversification of Assets is Critical Having nine power-hitters who are weak in the outfield can help your team rack up high scores—but may not be enough to win the game.

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