AI can screw passive investors
I’m in a bind. On the one hand, I’m a big proponent of passive, boring investing—on the other, this approach taken to the logical conclusion of sitting on my hands steers me toward extreme over-exposure to AI. The main issue is that if you try to have low-maintenance exposure to the global stock market, ~60%+ of your ETF(s) exposure will be toward the USA. Then, ~30%+ of it will be the Magnificent Seven (Nvidia, Alphabet, Apple, Microsoft, Amazon, Meta, and Tesla). Which is a pretty sizable bet, all of which can be considered an AI play. ...