Hello Again - I’d like to talk about some new ideas today, but first let me share a story. I got into this business in January 2000. The stock market had been surging for 5 years as new technologies were coming onto the scene like the internet and cellphones. It was the very peak of the stock mania at the time, but of course I had no idea, and nor did anybody else. Pretty much everything I invested in went down for the next 2 years as stocks imploded. Then there was the 911 tragedy which made it even worse (The stock market was closed for a number of days).
I bring this up because these events affected me for years to come. After which I was always hesitant to get in on new technologies. To be fair, many times it saved me from buying into fake bubbles, but other times I missed out on the big moves to come.
As time passed, I have learned to be open to new ideas, and to be curious, especially with the younger generation growing up in all of it. This brings me to two new technologies that have stormed onto the scene. That being AI, which is short for Artificial Intelligence, and also Bitcoin, an electronic currency that acts as a store of value and has a limited supply. We have decided to learn about them so that we can best guide our clients should they have an interest. With more education we can identify the opportunities as well as the risks.
Much is going on already to be sure. Recently the SEC approved several new bitcoin investment funds which allow investors easy access. And then there’s AI, which has sent some stocks through the roof. These technologies are quite likely still in their early stages, and that’s why we need to get smart. We are here to help. Call or email us any time to discuss.
Best Regards,
Mike
