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Be Wealthy & Smart

Tech Speculation on AI Heats Up Ahead of June Stock Selloff

Be Wealthy & Smart

Linda P. Jones

News, Business News, Investing, Business

4.8883 Ratings

🗓️ 19 May 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

Discover why tech speculation on AI is heating up ahead of a June stock selloff.

Are you on track for financial freedom...or not?

Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest can make the biggest difference to your financial freedom and lifestyle.

If you invested well for the long-term, what a difference it would make because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.

Your compounding rate, and how well you invest, matters! 

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Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. 

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Transcript

Click on a timestamp to play from that location

0:00.0

Be wealthy and smart, episode 1,195.

0:03.6

I'm gonna live the rich life.

0:07.6

It's like,

0:08.4

for the best life,

0:10.4

if y'all know what I mean, put your hands up and declare with me

0:14.5

Yeah, I'm full of hey hey I'm I'm gonna live a good life

0:21.5

I'm gonna live the good life beautiful and glorious Step into a world of wealth and wealth and financial freedom without budgets, boredom or bosses on be wealthy and

0:31.1

bosses on Be Wealth and smart and now here's your host

0:36.2

Linda P Jones. Welcome to be wealthy and smart I'm Linda P Jones America's

0:42.0

wealth mentor. Empowering Women and Men Worldwide to Financial Freedom.

0:46.0

On today's show, we're going to talk about tech speculation, which is heating up ahead of a June

0:51.9

sell-off. Now, I've been investing long enough to recognize

0:55.4

when there's speculation in the market and I can see the markets being

0:59.0

boosted by some tech speculation. I mean last year tech sold off very sharply and the big scare

1:07.4

was with interest rates going up tech was not the right asset to own and what the

1:12.4

media was saying was everyone should go into

1:15.6

value type investments which do better when interest rates are higher. Well guess what?

1:21.4

Now we're back to a tech-based market and a growth-based market, not a value-based market.

1:28.0

I mean, this year we have Apple, Alphabet, Amazon, and Microsoft all up over 30% year to date in less than five months.

1:38.0

We have Meta, which is up 101% since the beginning of the year. We have companies who just mentioned AI and their stock goes up like crazy.

1:48.6

For example, Microsoft has added half a trillion dollars worth of value onto their stock and their market cap.

1:57.0

That's because most of the stock market is actually run by AI.

...

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