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Photo from Trust Bank

AI chatbots rank amongst young investors’ top tools

Financial news and stock screeners trail the tech in the latest ranking.

Artificial intelligence (AI) chatbots have become the third most-used investing tool amongst Singapore residents aged 18 to 40, with 26% using them as part of their investment activity, according to a report from Trust Bank and Grapevine Consulting.

Watchlists rank first at 30%, followed by price alerts at 27%. AI chatbots rank ahead of portfolio trackers at 24%, manual spreadsheets at 23%, financial news aggregators at 21%, technical analysis and charting at 21%, and stock screeners at 19%.

The report said AI is being adopted “primarily as a research and decision-support tool”.

The use of AI comes as young Singapore investors increasingly manage their own portfolios, with 65% of active investors making investment decisions independently.

Some 34% invest fully independently, whilst 31% make decisions mostly on their own and discuss them with family or friends.

Digital platforms also play a key role in how investors find information, with YouTube the most-used source for investment ideas at 40%.

It is followed by TikTok and Instagram at 32%, and financial news at 31%, whilst Telegram and Discord account for 22%, and friends and family account for 17%.

Investors also favour accessible and actionable educational content. Short videos of less than five minutes rank first at 41%, followed by personalised analysis at 36% and market commentary at 35%.

The report found that 51% of Singapore residents aged 18 to 40 are actively investing, whilst 33% have never invested and 16% have lapsed.

Amongst active investors aged 18 to 24, 74% made their first investment by age 20, whilst 88% of those aged 25 to 40 started investing by age 30.

Around 65% of active investors also made an investment transaction within the past month, whilst 65% use dollar-cost averaging.

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