ChatGPT is wrong 35% of the time. Would you trust it?

Summary: AI can explain investing concepts in seconds, but can you trust it with real financial decisions? This piece looks at where ChatGPT genuinely helps, where it falls short and why confident-sounding answers can be risky when your money is involved. "Hey, just asked ChatGPT about how to construct an investment portfolio. Got a super detailed answer in seconds!" If you've had this conversation with a friend lately, you're not alone. AI chatbots have become everyone's consultant, answering everything from recipe queries to relationship dilemmas. And now, increasingly, money questions too. According to a recent report by Financial Health Network, the use of AI chatbots for financial advice more than doubled from 3 per cent to 7 per cent between 2024 and 2025. Another study by Intuit Credit Karma found that nearly two-thirds of people (read Americans) who use AI regularly seek financial guidance from these tools. The appeal is obvious. No appointment needed. No judgment. Instant answers. But here's the real question: Should you actually trust what ChatGPT and other AI chatbots tell you about your investments? Where ChatGPT actually helps Let’s give credit where it’s due. ChatGPT isn't completely useless when it comes to money matters. Want to understand what a SIP is? ChatGPT can explain it clearly. Curious about the difference between large-cap and small-cap funds? You'll get a decent overview. Need the basics on tax-saving investments? The explanation will probably make sense. Think of it as an encyclopedia that's available 24/7. It's genuinely helpful for learning concepts, understanding terminology, and organising your thou

This article was originally published on January 25, 2026.