Isn't the old quote "never invest in anything that needs you as an investor" apply here?
If this investment is so rock solid, they shouldn't be asking a random schmuck like you to invest in it. I prefer to put my money in companies that have no need to court me for my investment dollars.
Besides, if this AI thing is going to really be something I'm sure it'll make all the companies in my index fund prosper even more than today. Sure, some random tech company will make someone ultra wealthy but who's to say who that will be? It would be like asking someone in 1977 what tech company would dominate the future smartphone industry. Surely you'll make a fortune on IBM and AT&T!
Private Equity is even worse in that it's a big black box, you won't even hardly know what's going on with your money and just hope for the best. Add in the AI hype wagon and it just sounds like a recipe for getting taken to the cleaners by high paid PE execs.
If this investment is so rock solid, they shouldn't be asking a random schmuck like you to invest in it. I prefer to put my money in companies that have no need to court me for my investment dollars.
Besides, if this AI thing is going to really be something I'm sure it'll make all the companies in my index fund prosper even more than today. Sure, some random tech company will make someone ultra wealthy but who's to say who that will be? It would be like asking someone in 1977 what tech company would dominate the future smartphone industry. Surely you'll make a fortune on IBM and AT&T!
Private Equity is even worse in that it's a big black box, you won't even hardly know what's going on with your money and just hope for the best. Add in the AI hype wagon and it just sounds like a recipe for getting taken to the cleaners by high paid PE execs.
Statistics: Posted by ClassII — Tue Feb 18, 2025 12:45 am — Replies 10 — Views 588