Richard Eisenberg captured the essence of my new book in an article that was featured in Forbes as a personal finance Editor’s Pick. https://www.forbes.com/sites/nextavenue/2017/05/15/why-robots-wont-be-coming-for-all-our-jobs/#4753fe41287b
As general investment positions, Eisenberg mentions that I am a fan of two exchange traded funds, ROBO and HACK. While I believe these two funds are likely to perform extremely well over the long term, I also expect them to become irrationally over-hyped. Just as QQQ epitomized the internet craze and then crashed along with the dotcom bubble of 2000. So before you try to make a quick buck speculating on the automation revolution, remember that QQQ took 15 years to nominally recover!
That’s why the entire fourth section of my book is dedicated to the cognitive directive, “think like an investor, not a speculator.”
As with all things in life, when it comes to investing in robots or anything else, I suggest buying quality. I personally avoid “penny” stocks or new unprofitable companies, regardless of how promising they may be. I’m not risk averse, I just believe in prudently mitigating exposure to a catastrophic loss.
In fact, my current favorite stock that I think will be extremely favored by near term robotic trends is traded on the DOW and I bet it will surprise you. Just for fun, whoever is the first to guess which stock it is, I’ll send an autographed copy of The Robots are Coming: A Human’s Survival Guide to Profiting in the Age of Automation
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