Investing in AI

Technologies like Artificial Intelligence (AI) are the future. I enjoy putting it to use and talking about it for hours. But I realized I also need to put my money where my mouth is.

This is especially true for some of the largest tech companies. Nvidia is leading the way in making the hardware that is in demand, and has had an epic rise in the last year. Microsoft is benefiting from a large investment in OpenAI, the company behind the popular ChatGPT. There’s also Meta, Google, Amazon, Apple, & Tesla. Collectively they are known as the Magnificent Seven, and have contributed to the large portion of the gains in the top S&P 500 companies this past year.

So, I recently purchased one stock of each inside my tax-advantaged retirement account. And keep in mind that this is only a small portion of my investments, which I consider as fun money… I’ll continue to keep a large portion in low-cost stock index funds like VTSAX, & leverage tax advantaged retirement & similar accounts where I can.

If you have been slacking on making investment moves, you can learn more on my “Start Here” welcome page. And if you have questions then just reach out, as I love geeking out to that sort of thing.

How have your investments been performing lately, and what are you looking at investing into next? Let us know on Twitter @NextLevFi

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