The Canadian Investor
Keeping it Simple with Index Investing and Building a Business with AI
Nov 27, 2023
Sam Altman, Co-founder of OpenAI, discusses recent developments at OpenAI, including employee dissatisfaction, potential mergers, and the return of Sam Altman as CEO. The impact of OpenAI on founders and businesses is explored, highlighting the need for redundancy in vendor tech stack. The overwhelming support for Sam Altman and OpenAI in Silicon Valley is discussed, along with the use of index ETFs in investment strategies and the rules around converting a savings account to an RSP.
47:52
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Quick takeaways
- Diversifying beyond Canadian stocks is important for an investment portfolio to include global-scale, high-quality companies.
- Choosing a single S&P 500 ETF or total market index fund and sticking with it provides passive, low-cost exposure to markets.
Deep dives
Overview of the Podcast Episode
In this episode of The Canadian Investor, Braden Dennis and Simone Belanger discuss various topics related to investing. They provide insights on the recent open AI saga, the importance of diversifying beyond Canadian stocks, and the tax implications of holding different ETFs in different accounts. They also answer frequently asked questions about owning S&P 500 ETFs, holding US equity ETFs in RRSPs, and the benefits of all-in-one ETFs versus a collection of multiple ETFs.
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