The Clark Howard Podcast 02.04.25 Ask An Advisor With Wes Moss - DeepSeek Shockwave: What It Means for the Economy and Your Investments
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Feb 4, 2025 Wes Moss, a fee-only fiduciary financial advisor and expert in investing and retirement, dives into the recent AI breakthrough, DeepSeek, and its potential to boost American productivity. He discusses how this technology impacts markets and investment strategies. Wes also shares five key tips for stock diversification to mitigate losses. The conversation touches on the motivations driving workforce engagement and strategies for effective retirement planning, including the importance of maintaining safe assets for stability.
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The Army of American Productivity
- The "Army of American Productivity" drives innovation, lower costs, and a higher standard of living.
- This underlying force fuels the economy and market growth, even if most people don't love their jobs.
Drivers of Productivity
- Three main motivators drive the American workforce: fear, optimism, and purpose.
- Fear of financial instability, optimism for a better future, and purpose in work all contribute to productivity.
DeepSeek Disruption
- DeepSeek, a Chinese AI company, claims to achieve similar results to OpenAI at a fraction of the cost.
- This sparked a competitive response from American tech companies, showcasing the continuous drive for innovation and efficiency.