We are living in a time where the term “Artificial Intelligence” is being bounced around everywhere.  So far it has been pretty loosely defined as something that can help us do computing faster and may put a bunch of people out of work over the next decade.  

 

Only time will tell the truth of that.

 

However, one thing that is beyond dispute is that Artificial Intelligence, also known as AI, is here to stay. 

 

This means you and I have a responsibility to understand it and how it affects our lives and future.

 

We are coming into a significant time in history, a time of great change and progress, one that will rival the creation of the internet, and the smartphone.

 

And, any time you have great change in the business world you open up great opportunity for investment.  Imagine if you had owned Apple stock, back when the first iPhone was created, or a share in Google, when it became the greatest tool in the world for finding what you want on the internet.

 

As someone who has been a Strategic Planner in the retirement field for many years (over 40 at this point!), I am always amazed when I look at the portfolios of people that we meet.  

 

Many of them have very little investment in companies that are strong in the artificial intelligence field.  They are missing a key opportunity for economic growth, one that doesn’t happen very often in someone’s lifetime.

 

Whether you own individual stocks, or participate in AI investing through funds (mutual, segregated, or ETF’s) it is very important to take advantage of this investing opportunity.  

 

Only time will tell how big this is going to be, but my sense is that we have only just begun to start to figure out ways to use this new intelligence as a tool in our business and personal lives.

 

When big technology corporations such as Microsoft, Apple, Google, Meta (Facebook) Nvidia, to name a few of the big ones, are investing billions and billions of dollars in research and infrastructure, there is no doubt that they are committed to a great outcome. 

 

It will only be a matter of time before we pay a monthly fee, similar to a Netflix subscription, to use Artificial Intelligence every time we want to search for something on the internet.

 

Young or old, or somewhere in between, you don’t want to miss out on investing in the future. The future will be here before you know it.

 

If you are not sure how to start taking advantage of the AI boom, talk to us today and we can put a plan in place.

 

You can book a call with us here: www.bgip.ca/contact

 

 

Until next time,

Brian and the BGIP team.

www.bgip.ca