Stocks. Bonds. Bears. Bulls. Blue chips. White chips. EBITDA.
The list of financial jargon is endless and, quite frankly, scary.
So intimidating, in fact, that it prevents most people from investing at all. A recent study found that 90% of Americans want to invest, but half don’t even know where to start.
If you’re struggling to wrap your head around the world of investing, then Composer (an AI investing tool) might just be your solution.
What does Composer AI do?
Composer offers several exciting features that promise to make investing considerably easier for a beginner.
- Strategy Creation: The tool allows you to outline the type of investing you’re interested in. Want exposure to the emerging AI sector? Just inform the platform, and it creates an investment strategy to suit your needs.
- Strategy Testing: Before putting your hard-earned money at risk, Composer allows you to test the strategy against historical data, giving you an idea of how it might perform under different market conditions.
- Strategy Tweak: The platform’s design ensures flexibility. As market dynamics change, you can modify your strategy, such as adding a hedge if a particular sector isn’t performing as well.
- One-Click Investing: Once satisfied with the strategy, you can invest with a simple click, making investing seamless and straightforward.
- Automation and Rebalancing: Composer doesn’t stop at just creating your strategy. It takes it a step further by executing your trades and automatically rebalancing your portfolio, removing the need for constant monitoring.
- Access to Pre-Built Strategies: The tool also offers pre-built strategies across various categories like Long Term, Technology Focus, and Diversification, allowing users to instantly invest based on their preferences.
How to use Composer
Here is a quick step-by-step guide of how to invest using this AI investing tool. This tutorial was made by Jas Singh.
Step 1: Create a strategy
Give details of the type of investment you would like to do.
Step 2: Put the strategy to the test
Test out your strategy on historical data to see how it performed.Step 3: Tweak the strategy
Use a simple prompt to make adjustments to your strategy. For example, you could ask Composer to hedge against particular risks (e.g. AI not performing as well as expected).
Step 4: Invest with one click
When you are happy with your strategy, you can start investing with one click.
Is Composer Free?
Composer does offer a free tier, which includes features like unlimited backtesting, a no-code trading strategy builder, and access to Symphony data and insights.
However, you can upgrade to Pro for $24/month (billed annually). This provides additional features such as the ability to invest in unlimited strategies, automated trading, real-time portfolio metrics, access to AI features, weekly market analysis updates, and enhanced customer support.|
I want to learn more about AI
If you want to learn about more AI investing tools, make sure you check our article about FinChat. It is a generative AI tool that will provide you with information on 750+ companies and 100+ super investors. It is, basically, a chatbot that can act as your equity analyst assistant.
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