basically regular people are investing in stocks that could fail, but right before they would fail people that are making decisions on these AI stocks will rug pull and get their money back while the regular people would have useless stocks that are worth nothing.
Close but one key point to add. When we invest in an index fund, we aren’t choosing the companies, the provider is.
It CAN be bad, but not necessarily. Something like the S&P isn’t a venture capitalist. They choose companies that are viable.
It is true that AI is a bubble in some aspects. There will be a ton of smaller companies that collapse. But a company like Microsoft isn’t going anywhere. They will pioneer industry regardless of trends.
Because what that guy is describing is called day trading or trying to beat the market. Any actual ETF fund in a the stock market you are planning to invest in for retirement will be long term safe bets and some bonds that will outlast any short term trend. If you're trying to "play" the stock market, it's not rigged, you're just gambling.
Because the same people who will rug pull you also spent years rigging the financial system so that playing with stocks is the only real way to build wealth if don't already own property.
This guy is right, that is not what he talked about. Joey is talking about INDEX FUNDS (which btw is why he literally said "index funds" at 0:22), not people investing in AI stocks directly. People who aren't even interested in gambling on AI are caught up in it since they can't control whether or not OpenAI is or is not included in the S&P 500 or Vanguard's Growth Index Fund.
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u/edvurdsd 6h ago
Well said