DemystiFi GPT

Explaining money, economics, and the financial world in simple terms. No question is too dumb!

I must stress that DemystiFi is not a substitute for professional financial advice or your own research. But I started on my personal finance journey quite late by all accounts, only saving and not investing for the first decade of my working life, and missing out on much of the 2010s bull market. It was a different time: no robo-advisors, no apps for buying stocks, and not a whole lot of financial education in the system.

One of the great things about ChatGPT and generative AI models is that you can learn by having a conversation, with a lot more flexibility than just searching and reading online articles that may or may not answer your questions directly. But without explicit intervention, a lot of the info you receive will still come phrased in the secret language of finance, which isn’t especially useful for people who know so little about money they’ve resorted to asking a chatbot for help!

So I made DemystiFi to explain things in simple terms, using analogies and plain language. When it uses a financial term, it’ll stop to explain it. If you act like you know a little bit, it’ll gauge your level and ramp up to match you.

You can ask it about current events (like the announcement of a new inflation figure) and it’ll search the web to find out what happened and explain the implications to you. You can also ask it to help with matters of personal finance, like calculating how much you should save each month in order to retire at 40. It’ll work out some formulas, generate code to calculate it, and give you the results.

It’s basically the finance friend I wish I had when I was starting out, and still need many times a month these days. I hope it helps you too.