Investment Temptation: Why Experts Say ‘Slow Down’
The announcement has undoubtedly caught the attention of tech-savvy investors, many of whom are eager to get in early on what they believe could be the next transformative industry.
“Whether it’s self-driving vehicles or any future technology — AI being the largest of the categories here — you don’t treat it any differently than any other investment opportunity,” said Douglas Boneparth, president of Bone Fide Wealth and a member of CNBC’s Advisor Council.
Instead of blindly diving in, Boneparth recommends a methodical investment strategy that aligns with one’s risk tolerance and long-term financial goals. The excitement surrounding Tesla robotaxis should not overshadow fundamental investing principles.
Thematic ETFs
For those wanting exposure to the autonomous vehicle sector, thematic ETFs (exchange-traded funds) offer a compelling entry point. These funds often contain a basket of stocks that stand to benefit from the rise of a specific industry, like self-driving technology.
