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A Discussion On AI ETFs..
Posted on 6/14/24 at 7:27 am
Posted on 6/14/24 at 7:27 am
The growth potential and skyrocketing values of companies like Nvidia Corporation and Meta have us looking into the industry for that next big score. 
Good Background Article
The AI market can be volatile due to its rapidly evolving nature.
You'd consider an AI ETF as it'd offer diversification by spreading investments across multiple AI companies, reducing the risk associated with betting on a single company. They generally have smaller investment requirements, you can trade during the day and are considered generally as more tax efficient.
Article On The Differences
AI ETFs may take off substantially in the years ahead, or they may underperform Index Funds.
I follow this YouTuber and he has some great content. Got me really thinking about it. What do you think?
Link To Video
His ETF Evaluation Worksheet
Good Background Article
The AI market can be volatile due to its rapidly evolving nature.
You'd consider an AI ETF as it'd offer diversification by spreading investments across multiple AI companies, reducing the risk associated with betting on a single company. They generally have smaller investment requirements, you can trade during the day and are considered generally as more tax efficient.
Article On The Differences
AI ETFs may take off substantially in the years ahead, or they may underperform Index Funds.
I follow this YouTuber and he has some great content. Got me really thinking about it. What do you think?
Link To Video
His ETF Evaluation Worksheet
4
Posted on 6/14/24 at 8:59 am to Nole Man
I think something like QQQ is the safe bet. The tricky thing with tech is that even if a company develops a good product, someone like Microsoft can come along and rugpull them by releasing a similar product and then they are dead in the water.
I've been trying to find smaller companies to throw a little money at that fill some kind of AI niche. Like Soundhound for example, they do AI voice and speech recognition stuff, like an AI attendant at a fast food restaurant that takes orders.
I've been trying to find smaller companies to throw a little money at that fill some kind of AI niche. Like Soundhound for example, they do AI voice and speech recognition stuff, like an AI attendant at a fast food restaurant that takes orders.
Posted on 6/14/24 at 10:45 am to Nole Man
I'm in TQQQ, so I consider that good enough to cover AI.
Posted on 6/14/24 at 3:55 pm to Nole Man
The portfolio managers for these niche ETFs are atrocious at stock picking. I would not recommend. I can find literature to back it up but basically there’s a feedback loop that inevitably breaks and the fund implodes. The attribution on these types of funds typically show that 1 or 2 names drive the price higher. Think ARKK and Tesla.
Posted on 6/14/24 at 5:01 pm to wutangfinancial
Something like VGT would give you a lot of exposure to AI companies along with a solid history of performance.
Posted on 6/15/24 at 9:27 am to VolSquatch
quote:
I've been trying to find smaller companies to throw a little money at that fill some kind of AI niche. Like Soundhound for example, they do AI voice and speech recognition stuff, like an AI attendant at a fast food restaurant that takes orders.
Funny you bring that up! In this sector, I've read some experts just follow what Nvidia is taking positions in for either investment plays or possible acquisitions. They follow their Form 13F to see what they're taking positions in and buy those. Soundhound (SOUN) is actually one of them. Recursion Pharmaceuticals, Inc. (RXRX) is currently their largest % holding.
I have found it takes someone who is very familiar with the market to make such good picks, so dabbling in any of these is risky and maybe you throw a 1-2% in there just for the exposure.
Posted on 6/17/24 at 12:06 pm to Nole Man
Got a lot of good information in this thread. Compared a number of the suggestions to gain exposure to the technology sector. Think, overall, Fidelity Select Semiconductors Portfolio (FSELX) makes a lot of sense to take a small position in. Consistent 5 star Lipper and Morning Star rankings for their segment.
Currently the NAV is $36.31, which puts it in a range smaller investors can afford.
Analysis
Summary
YTD Returns
+49.73%
Currently the NAV is $36.31, which puts it in a range smaller investors can afford.
Analysis
Summary
YTD Returns
+49.73%
This post was edited on 6/17/24 at 6:03 pm
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