11/22/24: AI Isn’t Profitable Yet, But It’s Already Destroying Companies - podcast episode cover

11/22/24: AI Isn’t Profitable Yet, But It’s Already Destroying Companies

THE TRUTH ABOUT YOUR FUTURE with Ric Edelman
Nov 22, 2024•32 min•Transcript available on Metacast
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Episode description

As Chegg has plummeted in value due to competition from AI tools like ChatGPT, investors must embrace innovative, forward-thinking companies rather than outdated ones. Plus, while mutual funds may have higher fees compared to ETFs, deciding to switch should depend on long-term investment goals rather than solely on expense ratios or capital gains taxes. And, Adam Nash, co-founder of Daffy explains donor-advised funds (DAFs), tax-advantaged accounts that make charitable giving easier. #Investing #TechnologyAdvancements #Chegg #AIImpact #ChatGPT #PortfolioManagement #Innovation #StockMarket #CryptoInvesting #FutureFinance #MutualFunds #ETFs #CapitalGains #InvestmentStrategy #AmericanFunds #BarronFunds #FinancialPlanning #ExpenseRatios #TaxPlanning #CharitableGiving #DAF #YearEndGiving #TaxBenefits #Philanthropy #DonorAdvisedFunds #GiveBack #DaffyApp #SmartGiving ----- Join our mailing list: https://www.thetayf.com/pages/podcast Subscribe to podcast updates: https://form.jotform.com/223614751580152  Ask Ric: https://www.thetayf.com/pages/ask-ric  -----   Links from today’s show:   Yesterday's Podcast on New Investment Opportunities: https://www.thetayf.com/blogs/this-weeks-stories/three-new-funds-that-give-you-exposure-to-the-crypto-ecosystem Daffy.org Donor-advised Funds Website: https://www.daffy.org/ 12/9 Webinar - What the Election Results Mean for Crypto: https://dacfp.com/events/what-the-election-results-mean-for-crypto 12/10 Webinar - The Retirement Revolution: ETF Solutions for Modern Retirement Planning: https://www.thetayf.com/pages/the-retirement-revolution-etf-solutions-for-modern-retirement-planning 11/13 Webinar Replay - An Innovative Way to Generate Income in a World of Declining Rates: https://www.thetayf.com/pages/november-13-2024-an-innovative-way-to-generate-income 10/9 Webinar Replay - Crypto for RIAs: Yield, Staking, Lending and Custody. What’s beyond the ETFs? https://dacfp.com/events/crypto-for-rias-yield-staking-lending-and-custody-whats-beyond-the-etfs/ Certified in Blockchain and Digital Assets including Crypto Taxation Course/Webinar: https://dacfp.com/certification/ -----   Follow Ric on social media:   Facebook: https://www.facebook.com/RicEdelman Instagram: https://www.instagram.com/ric_edelman/ LinkedIn: https://www.linkedin.com/in/ricedelman/ X: https://twitter.com/ricedelman YouTube: https://www.youtube.com/@RicEdelman -----   Brought to you by:   Invesco QQQ: https://www.invesco.com/qqq-etf/en/home.html State Street Global Advisors: https://www.ssga.com/us/en/intermediary/etfs/capabilities/spdr-core-equity-etfs/spy-sp-500/cornerstones Schwab: https://www.schwab.com/ TAYF Disclosure page: https://www.thetayf.com/pages/sponsorship-disclosure-fee