> I have no financial stake in AI-related companies
so zero exposure to any popular index? Even “ex-US” is tsmc and sk-hynix in a trenchcoat. I think it was BHP exclaiming that theyre an AI play because they cover 85% of the raw materials in DC build outs.
In the current mania “no financial stake in AI-related” is a very bold claim.
You can just not have investments, which is more common than you think. Being young, lots of people I know don't even have enough of a cushion to invest, and others want to avoid all risk (especially in the current market) and park their money in a high-interest savings account.
Of course, this doesn't insulate you from second- or third-order effects, but it does remove the possibility of your money being immediately wiped out. It's really not as bold or crazy as you say it is.
As long as you participate in the economy, a recession will get you. Even if you’re poor, homeless and unemployed, people’s generosity towards you in a recession goes down.
If you're talking about employer retirement savings, even then not everyone has them, and the young people who do will only have an insignificant amount of assets invested into them due to not having had time to accumulate wealth.
so zero exposure to any popular index? Even “ex-US” is tsmc and sk-hynix in a trenchcoat. I think it was BHP exclaiming that theyre an AI play because they cover 85% of the raw materials in DC build outs.
In the current mania “no financial stake in AI-related” is a very bold claim.