The entire US economy is currently being propped up by growth in the AI/tech sector. And I am convinced that LLMs are fundamentally incapable of delivering on the promises being made by the AI CEOs. That means there is a massive bubble that will eventually burst, probably taking the whole US economy with it.
Let’s say, for sake of argument, that I am a typical American. I work a job for a wage, but I’m mostly living paycheck to paycheck. I have maybe a little savings, and a retirement account with a little bit in it, but certainly not enough that I can retire anytime in the near future.
To what extent is it possible for someone like me, who doesn’t buy into the AI hype, to insulate themselves from the negative impact of the eventual collapse?
Saving to invest is hard, sometimes. And finance knowledge/attention is finite. Some folks are at risk of drawing from investments after a crash.
And not everyone here was invested during the 2008 crash, and may have only experienced the ultra-bizzare COVID rebound.
I don’t mean to be rude, but there are a lot of legit reasons most of Lemmy is probably not into ultra long buy-and-hold investing.