How To Use ChatGPT To Become A Millionaire
Published: 2023-01-06
Status:
Available
|
Analyzed
Published: 2023-01-06
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
AI will soon be able to provide better answers than humans for tasks requiring thought.
"anything that requires thinking you can just stop doing now because it's going to come up with a better answer"
Pending
AI is expected to fundamentally change human lives.
"this is going to change our lives forever"
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The alternative investments market is projected to grow between $500 billion and $1.3 trillion by 2025.
"some are estimating between 500 billion to 1.3 trillion dollars in alternative asset growth between now and 2025"
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ChatGPT's direct answer capabilities may lead to a decline in the use of traditional search engines like Google.
"the more important question though is now that chat gbt is here are you ever gonna use Google again think about it why would you use Google to try to find a website that may or may not answer your question when you can ask chat gbt directly and it gives you the best possible answer"
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AI is predicted to become 'scary good' within a few years.
"give it a few years and it's gonna be scary good"
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AI will soon be capable of automating business functions, including copywriting, and assisting in business creation.
"you can even use it to automate and create businesses for you like automating copywriting"
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Current AI models are limited by their training data cutoff (2021) due to lack of real-time internet connectivity.
"the downside of the system is that for now it's not connected to the internet which means all of the information it's giving us is only limited up until 2021"
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Once AI is connected to the internet, its capabilities will be significantly enhanced.
"that will change with time once it's connected to the internet and then it's game over"
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Several dividend stocks recommended by AI (like Johnson & Johnson) have shown growth since 2021.
"most of these stock picks would have made us money Johnson and Johnson for example is a stock that today is worth more than at any point in 2021"
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Procter & Gamble is another dividend stock that has appreciated in value since 2021.
"Procter Gamble is another stock that is worth more today than at any point in 2021"
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Coca-Cola stock has also seen an increase in value compared to its prices in 2021.
"Coca-Cola another stock worth more today than at any point in 2021"
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Investing in McDonald's in 2021 would have resulted in gains, with minor exceptions in December.
"McDonald's you would still be up today if you had bought in 2021 with the exception of dying in December"
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Dividend investing is presented as a strategy that can provide stability during market downturns, particularly for investors with shorter time horizons.
"dividend investing can get you through some really tough times in the market especially if you don't have 20 years to wait"
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The S&P 500 ETF (VOO) was not the best short-term pick as of the transcript date, being lower than its 2021 peak.
"voo this is the ETF that represents the S P 500 the top 500 companies in the US now this stock is lower today than where it was the majority of 2021 which means in the short term it was not the best pick"
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The iShares Core ETF (IEFA) has underperformed, showing greater losses than in 2021.
"the second pick is the ishares core ETF ticker symbol iefa and this stock is down this year more than it was down in 2021 which means if you had picked it you'd be losing money right now"
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Vanguard's Total Bond Market ETF (BND) and iShares Aggregate Bond ETF have performed poorly due to the negative impact on bonds.
"the third pick is actually vanguard's Total Bond Market ETF ticker symbol BND now bonds have been crushed which is why it's pick number four"
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Rising interest rates negatively impact bond prices, leading to declines in bond ETFs like iShares Aggregate Bond ETF, which has seen greater losses than in 2021.
"the I shares aggregate Bond ETF is also down this year more than it was in 2021 and this is because the FED has been raising its interest rates and anytime interest rates go up bond prices go down"
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Charles Schwab's Dividend ETF (SCHD) offered a potential for gains if purchased in early 2021, otherwise breaking even.
"Charles Schwab's dividend ETF ticker symbol schd this was the only ETF where you had a chance to make money if you bought it in the first quarter of 2021. otherwise you'd be at about break-even point"
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