I asked ChatGPT for 10 world-class growth shares for my retirement portfolio. Here’s what it gave me…

Given that I have at least 15 years until I stop working â and then hopefully many decades in retirement â my related portfolio is mainly focused on growth shares. I want to grow my money at the fastest rate possible in the years and decades ahead so that I have plenty of money later in life (and plenty to leave behind to future generations).

Now, Iâm pretty happy with the shares in my portfolio â many are soaring. However, I decided to ask ChatGPT for 10 âworld-classâ growth shares (to hold for at least 10 years) to see if it could improve my portfolio. Hereâs what it came up withâ¦

ChatGPTâs picks

The 10 growth shares listed were:

Microsoft
Nvidia
Alphabet
Amazon
Taiwan Semiconductor (NYSE: TSM)
Chipotle
Tyler Tech
SAP
BAE Systems
Autodesk

There are some well-known names on that list. However, there are also some more obscure picks such as Tyler Technologies (it does government software) and Autodesk (software for designing things).

Note that ChatGPT told me it offered a diversified selection of stocks. Eight out of the 10 are in the Technology sector though so thereâs not a lot of diversification to be honest.

Not for me

Now, I already own the first four stocks. So these picks aren’t much use to me. So what about the other six? Could they boost my portfolio?

Well, Iâm going to rule BAE Systems out. Itâs a great company but I already own a defence ETF that gives me broad exposure to this industry.

Iâm also going to rule out Chipotle. I love its food but Iâm not convinced this stockâs capable of making me a ton of money over the next decade as the valuation is high and the companyâs facing demand issues.

The three software companies, SAP, Tyler Technologies, and Autodesk, all look interesting. But theyâre quite expensive, trading on forward-looking price-to-earnings (P/E) ratios of 38, 45, and 31 respectively.

Those ratios are high. So these stocks could increase the level of risk in my portfolio (which is already relatively high).

Should I buy this stock?

That leaves me with Taiwan Semi, the worldâs largest chip manufacturing company. Now, this is a stock Iâve had on my watchlist for ages. I probably should have bought it years ago.

But Taiwan/China tensions have always spooked me. If this tension escalates, this stock could be crushed.

It could be worth the risk though. Letâs face it, demand for chips is only going to increase over the next few decades. And this company manufactures the most advanced ones. So in other words, itâs playing a huge role in the advancement of technologies like AI, self-driving cars, and robotics.

Looking at the valuation, the stock currently trades on a forward-looking P/E of 24, using next yearâs earnings forecast. Thatâs not particularly high.

That said, chip stocks have had a huge run recently (this stockâs up almost 100% in six months). So, Iâm not convinced that nowâs the best time to buy Taiwan Semi for my portfolio.

The verdict on ChatGPT

So was ChatGPT helpful in my quest to enhance my portfolio? Not really. It did list some good companies. However, it didnât seem to factor in valuations and other risks.

Overall, it didnât highlight any opportunities that made me want to invest immediately.

The post I asked ChatGPT for 10 world-class growth shares for my retirement portfolio. Hereâs what it gave meâ¦ appeared first on The Motley Fool UK.

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Edward Sheldon has positions in Amazon, Alphabet, Nvidia, and Microsoft. The Motley Fool UK has recommended Alphabet, Amazon, Autodesk, BAE Systems, Microsoft, Nvidia, Taiwan Semiconductor Manufacturing, and Tyler Technologies. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.