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What if you lose your job and your stock? E.g. chipmaker neither wins nor loses, and all the other tech goes down or doesn't rise because some other, new, chall
by the_gipsy 3y ago
What if you lose your job and your stock? E.g. chipmaker neither wins nor loses, and all the other tech goes down or doesn't rise because some other, new, challenger takes the market.
- aurareturn 3y agoIf I'm so unlucky that I get no hits in my picks, I get replaced by an AI, then hopefully the 30% in S&P500 will continue to feed me. :D Or I will just utilize the powerful AI that replaced me at my job to earn a living as a solo creator. I do think that if an AI is powerful that it can replace me as a software dev, it should boost the stock market well beyond any 2024 bubble.
- the_gipsy 3y agoExcuse my ignorance about stocks. Do you get some dividends or would you sell at the event of getting replaced by AI and live off that / reinvest?
- kjreact 3y agoYou sell some to pay for your living expenses and sell some to move into fixed income for some guaranteed income. You rebalance your portfolio by your risk tolerance and your current needs.