This will be a short article. Since nobody knows what is eligible as free speech in America, the fewer words, the better, right? I also just had pretty busy with so many side projects.
Investing via the stock market
There are at least one billion items on which AI shares can be purchased. This kind of advice is three years late. Nvidia has already risen a billion percent while they get in billions every quarter.*
NVIDIA is included in most major indexes, so you probably already have a good amount in your portfolio. It is 7.75% of the S&P 500. Microsoft, which has a lot of OpenAI, is also almost 7%. Google is not far behind. In other words, if you invest in wide ETFs, you already have a good interest in AI.
To go one step further, every company will be changed by AI in one way or another. Some will use it in a great way. In the other spectrum even the smallest things, just like my dog board company, uses AI. I used it to do some very useful things with my spreadsheets.
It is even more difficult to prevent investing in the future Skynet that will ‘end’ human life. (Sorry to go to a dark place there.)
However, if you are really looking for your AI lighting, this is what I would do. I love semiconductor ETFs – in particular SMH and SOXX. SMH has a lot of Nvidia in it, so if you want to diversify with other companies, I would go with SOXX. They each have approximately the same cost ratio, with 0.35 versus 034.
All those chips need a lot of energy. I have been invested in Vanguard’s Utilities Index Fund ETF (VPU) for a while. That seems to fit well. The large technology companies all want to build up nuclear energy because AI requires so much energy. It seems that the best nuclear ETF Vaneck is uranium and nuclear ETF (NLR).
The bad news with the semiconductor and nuclear ETFs is that they have doubled or tripled in recent years.
A possible overlooking area to invest is water. It is used to cool all AI chips, and use them A LOT OF of them. I wrote about investing in water three years ago, but I thought about it from the perspective of our people who needed it to support us soon outdated meaty life.
Start a company
This is much more work, which is not “lazy man” friendly. Fortunately, the use of AI is Great When it comes to a lot of computer work quickly and easily. I feel that I could literally start a dozen different companies with all the ideas I have. That is a reason why I didn’t write on the blog so much.
It is important to note that those ideas are not necessarily good. Chatgpt has a way to make an idea sound incredible. Chatgpt is filled with success stories because people publish much more of them on the internet than their failures. It is as if Facebook shows the most fascinating messages from your timeline, making it a highlight of all your friends. That is not real life.
That said, many companies will have started AI in the coming years, and many of them will be worth millions. With AI everyone can code a mobile or web application. Everyone can write and publish a book. One of my ideas is for a book. In about an hour I had a title, cover, chapter overview and marketing plan. I literally did this at 3 o’clock when I woke up from a dream. I showed it to my wife, who doesn’t know much about AI, and she thought it was incredibly good. I expected that she would laugh at my idea for the book, but she agreed that it made a good point and even went one step further than me.
One thing to remember is that when someone can do something, many people will do it. There is no accession threshold, so the competition will be fierce. Is there in a world where someone can write a book in less than a week, will there be someone with the time to read it?
Last thoughts
In recent weeks I have written a lot about AI. I will try not to write much in the future, but it is fundamentally changing everything: education, career, entertainment, investing and much more. Do you use AI to make money? If so, let me know in the comments.
* If I use enough “billion” enough times in a few sentences, I literally have to use it at least once.
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