Submitted by kmtrp t3_z09826 in singularity
phriot t1_ix4r23s wrote
Your exact investing strategy probably should reflect your own situaton.
For example, I work in biotech at a regenerative medicine startup. I receive equity as part of my overall compensation. I think that my field is likely to benefit greatly from AI, but I don't want to concentrate too much of my net worth in something as risky as low cap, future-y tech.
Therefore, I try to mostly do more traditional investing. The bulk of my retirement accounts are in total market index funds (~70% US, ~25% International). AI will benefit everything, and these indexes will re-weight occasionally to concentrate on the companies that are benefiting most, as evidenced by having the highest market caps in the index. I speculate with ~5% of my retirement accounts in Ark Invest ETFs, because I don't want to miss out on something they see. (This has been a bad choice in the short term; I'm down about 70% on these, and haven't bought more shares in months. I'm planning on holding 5 years total, and reevaluating whether or not to sell at that point.)
I'm working on owning real estate (other than my house) in my area, because I live in a biomedicine/tech/education hub, which I think will only continue to cause property values and rents to rise as AI becomes more prevalent.
The smallest part of my investments are speculative bets on crypto (could benefit from AI, but at least will benefit from more and more people transacting digitally and becoming wary of nation state fiat currencies) and a very small dollar value in biotech penny stocks. I know I said I didn't want to overweight in that area, but I think my domain knowledge makes this slightly better than a lottery ticket, and I literally spend the money I would spend on lottery tickets on these stocks, instead.
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