Hey Wealth Building Family!
I can remember the day everything changed.
That day when all of the sudden, I saw things in a new way.
It was when I first heard the phrase, “Work smarter, not harder.”
I grew up blue collar. I was taught that if you work hard, you’ll reach your goals.
But that’s a lie.
I mean, don’t get me wrong. You do get out what you put in. It’s just that if you do it smartly, you can add leverage. You can make one unit of effort do the work of three.
And so I read everything I could get my hands on to learn how to make my efforts get multiples of what they used to get me. And it worked.
And then…
Artificial intelligence came and smacked me in the face.
Instead of thinking about how to do things more efficiently and effectively, I could leverage the thinking part too. I just had to learn to write the right prompts and the answers were revealed right before my eyes.
As an investor, I’m always looking for new companies to buy. And I’m always re-evaluating the ones I already own. Should I sell this one? Should I write calls on it?
One thing I use is fundamental analysis. You know, P/E ratios, book values and such.
Some of the data points I need can be found on my Think or Swim platform. But if I want to look at certain things or if I want to easily compare fundamentals of a few leaders within the same industry, ChatGPT makes it pretty easy.
I use a Mac and make use of the Stickies app on it.
I have typed out a paragraph that I drop the stock symbol into and query several times a day. Then I ask follow-up questions.
My Stickie note has written on it