AI stocks will dominate 2024. Why I prefer NVIDIA is that they are better placed to maintain long term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA. I'll also take any other recommendations you make.
I believe the next major breakthrough will be in A.I. For sustained growth similar to META, it's crucial to avoid making impulsive decisions based on short-term market fluctuations. Instead, prioritize patience and maintain a long-term perspective. Consider seeking financial advisory services to make informed buying and selling decisions.
In a similar situation, I sought advice from a financial advisor. By restructuring my portfolio and diversifying with good ETFs, the S&P 500, and growth stocks, I was able to grow my portfolio from $200,000 to over $800,000 in just a few years.
Rebecca Nassar Dunne has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Robo advisors can be a better alternative for many people who still want help managing their investments, but want to pay less in fees than traditional advisors charge.
@@truth.speakerYep. I compared the ETFs picked by Wells’ intuitive investor (AI) to those picked by their financial advisor. Same allocation, slightly different ETFs. Looked at past performance - AI outperformed the human before fees were considered.
Go make a million dollars and let a chatbot handle it for you. Dave said it's good for beginners, not for people with a lot of money, which by your comment, I'm guessing you don't have.
That's a valid concern. However, A.I. can analyze vast amounts of data, identify patterns, and make informed decisions faster than humans. It's not a replacement for human judgment but a complementary tool.
I agree. My financial advisor uses A.I.-powered tools to optimize my portfolio. With their expert guidance, I've grown my investments from $200,000 to over $800,000 in just a few years.
Not necessarily. A.I. can diversify your portfolio efficiently, but it's the expert guidance of a seasoned financial advisor that ensures strategic alignment with your goals. They leverage A.I.'s analytical power to optimize investments, striking the perfect balance between technology and human oversight, as seen in my own success where my advisor's expertise combined with A.I.'s capabilities has driven remarkable growth.
10 likes is a joke. Algorithm keeps people where they're at. I've been a subscriber for years and this is the first hit I've gotten in many many months.
Investing in the S & P or Total Market index funds is the same at $1O or $1,000,000. The beauty is that it does not require a financial advisor or a robo advisor. Boglehead is the way!
I think it could be great, because it will be able to see and understand variables the best humans cant. But id rather it make suggestions rather than be to simply just make trades by its self. But theres always a possibility it malfunctions, or gets hacked. Then what? However, ai wont have any nefarious intentions, like trying to steal your money. Unless whiever made it, orogrammed it to do so. So idk. Id expect to see AI heavily regulated in the financial world once it starts to really make a difference.
It's the stupidest thing you could do. The computer *does not* understand what you tell it. It's simply trying to predict the most likely next word based on it's training data.
With all due respect……. just by nature, and organically, the investment banks have been running AI for nearly 20 years. I personally overseen the infrastructure being installed throughout 100M -200M dollar facilities. You know who has the best AI right!!’ Not the banks. They have been manipulating the markets and get on the band wagon now before it’s regulated.
I actually did an experiment between the Robo-advisor vs a human-managed mutual fund. In Jan., 2018, I opened up each account and deposited $50,000 into each of them. As of yesterday (07/03/24), I have $103,790.69 in my Robo-advisor acct. and $103,420.45. in my mutual fund . The management fee for the Robo-advisor is 0.25% vs 0.75% for mutual fund.
Why would you not use it to manage more . And use it to start out that doesn’t make sense? Starting out the risk is greater as one stands to lose more due to have less. I would think that using it when one has made a significant amount. Why would you tell people starting out it’s good to use. Yet not when one establishes more revenue? Doesn’t make sense Dave.
It's more about how much money you feel comfortable in letting a robo advisor manage, that's what he's referring to. You can use a robo advisors as a small account, and it is really good. I have a robo advisor and it's amazing. Obviously, not financial advice
It’s crazy to think so it works like robots lol who trust those things is nuts I can’t understand how they would let someone let them use the system and get away with it. Has to be a scam or something lol 😂 not Dave’s thing
Most of the time its just an algorithm. Human advisors look at the data and invest accordingly. Robo advisors do the same thing, it just takes forever to program it. But once it's done, it'll work just as well for simple advising. I think Dave is spot on here for the average investor.
I actually did an experiment between the Robo-advisor vs a human-managed mutual fund. In Jan., 2018, I opened up each account (Wealthfront vs C. Schwab) and deposited $50,000 into each of them. As of yesterday (07/03/24), I have $103,790.69 in my Robo-advisor acct. and $103,420.45. in my mutual fund. The management fee for Wealthfront is 0.25% vs 0.75% for Schwab.
Chatbots don't have anything to do with investing. Dave knows this, but he has a propensity to lie even when he doesn't have to. Just like Hillary Clinton.
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
AI stocks will dominate 2024. Why I prefer NVIDIA is that they are better placed to maintain long term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA. I'll also take any other recommendations you make.
I believe the next major breakthrough will be in A.I. For sustained growth similar to META, it's crucial to avoid making impulsive decisions based on short-term market fluctuations. Instead, prioritize patience and maintain a long-term perspective. Consider seeking financial advisory services to make informed buying and selling decisions.
In a similar situation, I sought advice from a financial advisor. By restructuring my portfolio and diversifying with good ETFs, the S&P 500, and growth stocks, I was able to grow my portfolio from $200,000 to over $800,000 in just a few years.
this is incredible! how can I get your advisor, mind sharing info, if you please?
Rebecca Nassar Dunne has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Go away stupid idiot. We know you’re sitting in a hut tryna steal money
Robo advisors can be a better alternative for many people who still want help managing their investments, but want to pay less in fees than traditional advisors charge.
Can they? Yet?
That’s what he said…
They absolutely can. All they do is pick great ETFs
@@truth.speakerYep. I compared the ETFs picked by Wells’ intuitive investor (AI) to those picked by their financial advisor. Same allocation, slightly different ETFs. Looked at past performance - AI outperformed the human before fees were considered.
Insanity
I agree with David here is crazy any other way AI loses he won’t even say sorry 😂😂😂😂
😅
Mine starts Laughing really hard and says only a fool invests in the stock market 😅
Thanks Dave
I was expecting a Dave rant. He was more positive than I expected and more positive than me.
Absolutely. 😂 I just knew he was gonna turn stop 🛑 sign red and cuss the guy out about robo AI investing. 😂 he proved me wrong.
Dave: you have to understand where you’re money is going, you’re in charge of it
The government: 😂😂😂
Save like dave ramsey and invest like warren buffett 😅
You can also use AI for analyzing stocks. You still have to make the dececions. It just saves you alot of time.
human oversight is the disadvantage
When digital takes all folks $, you dont control it any more, big bro will and that will happen next fall.
Beep boop invest all your money in tulips 🌷
hey maverick of wall street 😂
F yeah baby. 😂😂😂
Tulips are gonna go to the moon
as a dutchman i approve this message
You are asking a financial advisor that will be replaced by robot. You know exactly what he is going to say.
Exactly what posted!
Dave is not a financial advisor. He’s an educator
Everyone is expecting ai to take over blue collar jobs that's not the jobs they are gunning for it's the high paying white collar jobs
Go make a million dollars and let a chatbot handle it for you. Dave said it's good for beginners, not for people with a lot of money, which by your comment, I'm guessing you don't have.
They're coming for your job dave lol
It is scary to some
exactly
Classic Edward Jones advisor type response
A chatbot’s area function is text. Not investing.
Investing specific bots are coming and you’re not ready for them.
They are boomin
@@arlindblaze4148what happens when everyone uses the same a.i.
Anybody seen...simpson robot uprising episode 😂😂😂
Soundhound AI (176% return)
This AI version of Dave looks great!
I'm not convinced A.I. investing is a good thing. It's too automated, too impersonal. What happens when the algorithms make mistakes?
That's a valid concern. However, A.I. can analyze vast amounts of data, identify patterns, and make informed decisions faster than humans. It's not a replacement for human judgment but a complementary tool.
I agree. My financial advisor uses A.I.-powered tools to optimize my portfolio. With their expert guidance, I've grown my investments from $200,000 to over $800,000 in just a few years.
That's impressive growth, but don't you worry about relying too heavily on A.I.?
Not necessarily. A.I. can diversify your portfolio efficiently, but it's the expert guidance of a seasoned financial advisor that ensures strategic alignment with your goals. They leverage A.I.'s analytical power to optimize investments, striking the perfect balance between technology and human oversight, as seen in my own success where my advisor's expertise combined with A.I.'s capabilities has driven remarkable growth.
I understand your point. Perhaps I've been too cautious. Can you share more about your advisor and strategy?
Something people dont want. It makes businesses efficient though. But at what cost ?
AI is the new apple
10 likes is a joke. Algorithm keeps people where they're at. I've been a subscriber for years and this is the first hit I've gotten in many many months.
He is basically investing in AI in majority of his growth fund 😂.
I will stick with my fantastic financial advisor
Investing in the S & P or Total Market index funds is the same at $1O or $1,000,000. The beauty is that it does not require a financial advisor or a robo advisor. Boglehead is the way!
Will ai lead us or take us ?!?
I like Dave. Pay off your home.
I think it could be great, because it will be able to see and understand variables the best humans cant. But id rather it make suggestions rather than be to simply just make trades by its self. But theres always a possibility it malfunctions, or gets hacked. Then what? However, ai wont have any nefarious intentions, like trying to steal your money. Unless whiever made it, orogrammed it to do so. So idk. Id expect to see AI heavily regulated in the financial world once it starts to really make a difference.
Did you have to get the zoning changed for the Medicaid housing?
Dave doesn't trust the A.I. with big money. And then the A.I. runs off to some beach with cherry 2000.
It's the stupidest thing you could do. The computer *does not* understand what you tell it. It's simply trying to predict the most likely next word based on it's training data.
Is it stupid if you WIN?
@@pbm7715 it's stupid to put 50 thousand on lucky number 13 at the roulette wheel, even if you walk away with 1.75 million dollars.
If anyone had a AI trading bot that was any good, they wouldn't be selling it to you, they would be keeping it for themselves
With all due respect……. just by nature, and organically, the investment banks have been running AI for nearly 20 years. I personally overseen the infrastructure being installed throughout 100M -200M dollar facilities. You know who has the best AI right!!’ Not the banks. They have been manipulating the markets and get on the band wagon now before it’s regulated.
Its the same whether its $1 or $1 million.
It's not
If you got yourself a mil, you understand full well how you got it and what to do to get the next mil. Not that i have a mil, just saying
Making money is half the battle. Getting access to it while paying as few taxes as possible is the second half.
Making money is half the battle. Getting access to it while paying as few taxes as possible is the second half.
@@jordanmadden7388seems like having a trustworthy accountant will eventually be the biggest obstacle
AVP 👽
True / let's call it a loan / but the money 💰 wasn't a big deal 🤝..../ Until .....then the murders
Wow handsome man 😘
It have been used for the last two decades. It is not new.
I wouldn't put all my eggs in 1 basket but you'd have to know these AI stocks will soar at some point. I'll pass on AI bots investing my money though
I actually did an experiment between the Robo-advisor vs a human-managed mutual fund.
In Jan., 2018, I opened up each account and deposited $50,000 into each of them. As of yesterday (07/03/24), I have $103,790.69 in my Robo-advisor acct. and $103,420.45. in my mutual fund
.
The management fee for the Robo-advisor is 0.25% vs 0.75% for mutual fund.
Side camera angle makes background look like it says SEX
He said no because it would cost jobs like his. Foh!
Why would you not use it to manage more . And use it to start out that doesn’t make sense? Starting out the risk is greater as one stands to lose more due to have less. I would think that using it when one has made a significant amount. Why would you tell people starting out it’s good to use. Yet not when one establishes more revenue?
Doesn’t make sense Dave.
Because people like him stand to lose money if AI does their job.
It's more about how much money you feel comfortable in letting a robo advisor manage, that's what he's referring to. You can use a robo advisors as a small account, and it is really good. I have a robo advisor and it's amazing. Obviously, not financial advice
What is the meaning of the word "artificial"? It's means not real . I would never trust anything that was not real .
You should actually check what artificial means xD. Who tf told you artificial means not real lmao. Get a grip
Most robo investing is just indexing.
You better believe I'd index a million dollars. In fact...I do the better part of that in an index already.
I like Dave. But he is also so annoying sometimes lol
His lizard brain is in survival mode…lmao scared of gettin replaced
😂😂😂😂
AI is managing billions of dollars of investment money.
❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤very very good happy ❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤
Vanguard algorithms 🫥
JESUS CHRIST IS OUR GOD LORD OF LORDS OUR GOD LORD OF LORDS JESUS CHRIST COMES FIRSTLY AND MAINLY AMEN AND AMEN HALLELUJAH❤🙏💯🕊️
AI is a tool not a solution
AI is terrible. I don’t care how “cool” it is, it should NOT be developed. Period.
It’s crazy to think so it works like robots lol who trust those things is nuts I can’t understand how they would let someone let them use the system and get away with it. Has to be a scam or something lol 😂 not Dave’s thing
2023
Most of the time its just an algorithm. Human advisors look at the data and invest accordingly. Robo advisors do the same thing, it just takes forever to program it. But once it's done, it'll work just as well for simple advising. I think Dave is spot on here for the average investor.
I actually did an experiment between the Robo-advisor vs a human-managed mutual fund.
In Jan., 2018, I opened up each account (Wealthfront vs C. Schwab) and deposited $50,000 into each of them. As of yesterday (07/03/24), I have $103,790.69 in my Robo-advisor acct. and $103,420.45. in my mutual fund.
The management fee for Wealthfront is 0.25% vs 0.75% for Schwab.
So what if you had 10 million to risk you wouldn't
Chatbots don't have anything to do with investing. Dave knows this, but he has a propensity to lie even when he doesn't have to. Just like Hillary Clinton.
Dave is such a boomer
I don't know why people come to this guy for financial advice, he hates on crypto and tech stocks.
Help me...
A robo advisor invest automatically for you, if that was your question