Everywhere you look, people are talking about AI. Some say it’s going to save the world; others think it might break it. But while the headlines focus on sci-fi futures and big-tech battles, we’re interested in something a little closer to home: what does all of this actually mean for us as everyday, DIY investors – today, and over the next decade? Fortunately, we don’t have to wing it. Vanguard’s global chief economist, Joseph Davis, has been studying the forces shaping our financial future – AI included. And in his new book, Coming Into View, he breaks down the megatrends that are poised to reshape the investing landscape. Today we discuss:

• How Vanguard's mission focuses on aligning investor interests with their work
• Predictions about lower future returns are based on economic fundamentals
• AI's impact on productivity will extend beyond the tech sector
• Cost management in investments is crucial for long-term success
• Demographics alone do not determine economic growth outcomes
• The importance of diversification in investment portfolios remains unchanged
• Investors should stress-test their financial goals against potential market scenarios
• And much more!

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

• To dig into more of how AI will impact your portfolio, check out Joe’s book: Coming Into View
• Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here. 
• Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
• Find a thriving community of fellow money nerds by joining the HTM Facebook group!
• Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.

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Best friends out!