Use of Artificial Intelligence in Personal Financial Planning

Personal financial planning encompasses establishing financial objectives, managing budgets, saving and investing, preparing for retirement, handling debts, optimizing taxes, and mitigating risks. Integrating Artificial Intelligence (AI) into this process enhances personalization, automation, efficiency, adaptability, and proactivity. The current study focuses on how individuals invest in the stock market with the assistance of AI. AI-powered tools, such as robo-advisors, provide automated financial advice and investment management tailored to an individual's financial goals and risk tolerance. These platforms utilize algorithms to build and manage personalized investment portfolios, dynamically optimizing asset allocation. By leveraging AI, investors can benefit from data-driven insights and real-time market analysis, facilitating informed decision-making in stock market investments.