Introducing ChatGPT4os recessionresistant stock and cryptocurrency portfolio
Speculation has been brewing about the looming possibility of a recession in the United States economy, potentially towards the end of 2024. This uncertainty has left investors grappling with the task of finding ways to protect their wealth in the face of economic instability. To construct a portfolio that can weather a recession, Finbold turned to the cutting-edge artificial intelligence tool, ChatGPT-4o, developed by OpenAI.
The AI tool was able to identify stocks and crypto assets that have the potential to withstand the effects of an economic downturn. For the stock portfolio, the AI platform highlighted defensive equities such as Procter & Gamble (NYSE: PG) and Coca-Cola (NYSE: KO), which produce essential goods that remain in demand regardless of economic conditions. It also recommended utilities like NextEra Energy (NYSE: NEE) and Duke Energy (NYSE: DUK) for their stability in providing crucial services like electricity and water. Healthcare giants Johnson & Johnson (NYSE: JNJ) and Pfizer (NYSE: PFE) were also singled out for their resilient medical supply and pharmaceutical demand.
In addition, the AI tool suggested dividend-paying stocks like AT&T (NYSE: T) and Verizon (NYSE: VZ) for their consistent payouts, as well as dividend aristocrats 3M (NYSE: MMM) and McDonald’s (NYSE: MCD) for their reliability and stability. Value stocks like Berkshire Hathaway (NYSE: BRK.A) and Microsoft (NASDAQ: MSFT) were also featured for their strong balance sheets and consistent earnings. The portfolio also included S&P 500 ETFs like SPY and VOO for broad market exposure, as well as a gold ETF (GLD) for its traditional role as a safe-haven asset.
On the cryptocurrency side, the ChatGPT portfolio highlighted major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) for their store of value properties and extensive ecosystems. Stablecoins like USD Coin (USDC) and Tether (USDT) were also recommended for their stability. Utility tokens like Binance Coin (BNB) and Chainlink (LINK) were identified for their diverse use cases and importance in the decentralized finance (DeFi) sector.
The AI tool stressed the importance of diversification across different sectors and asset classes to reduce risk, as well as the need for regular rebalancing to maintain the desired allocation. It also emphasized the importance of staying informed about market trends and economic indicators for making informed investment decisions.
Disclaimer: The content provided should not be taken as investment advice. Investing carries inherent risks, and individuals should carefully consider these risks before making any investment decisions.
