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My backup plan --- don't backup at all. Instead, short the stocks of overvalued AI players and ride them on the way down to something closer to reality.
by jqpabc123 1y ago
My backup plan --- don't backup at all.
Instead, short the stocks of overvalued AI players and ride them on the way down to something closer to reality.
- the__alchemist 1y agoWhich ones? I think this is probably safer than pulling out of index funds, as you can afford to hold these shorts long-term. I wasn't aware of any obvious AI frauds that IPOed, but didn't really research it.
- jqpabc123 1y agoHow about all of them at once? Just short the NASDAQ 100. See "SQQQ.
- the__alchemist 1y agoMmm... That's extremely risky, even more so than pulling out. I was thinking more short a few select frauds.
- jqpabc123 1y agoThe real, extreme frauds aren't traded on the major public exchanges. They are mostly into venture capital and private investment. But any AI meltdown will hurt the major public companies too. NVDA being probably the largest with the most to lose. See "NVDQ".