How AI Will Impact Your Investments w/ Vanguard's Joe Davis #1061

Everywhere you look, people are talking about AI. Some say it’s going to save the world; others think it might break it. But while the headlines focus on sci-fi futures and big-tech battles, we’re interested in something a little closer to home: what does all of this actually mean for us as everyday, DIY investors – today, and over the next decade? Fortunately, we don’t have to wing it. Vanguard’s global chief economist, Joseph Davis, has been studying the forces shaping our financial future – AI included. And in his new book, Coming Into View, he breaks down the megatrends that are poised to reshape the investing landscape. Today we discuss: How Vanguard's mission focuses on aligning investor interests with their work Predictions about lower future returns are based on economic fundamentals AI's impact on productivity will extend beyond the tech sector Cost management in investments is crucial for long-term success Demographics alone do not determine economic growth outcomes The importance of diversification in investment portfolios remains unchanged Investors should stress-test their financial goals against potential market scenarios And much more!   Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances: To dig into more of how AI will impact your portfolio, check out Joe’s book: Coming Into View Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.  Sign up for the weekly HTM newsletter. It’s fun, free, & practical. Find a thriving community of fellow money nerds by joining the HTM Facebook group! Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.   And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!   Best friends out!See omnystudio.com/listener for privacy information.