Thanks for sending in questions and feedback!

Every Saturday I respond to reader emails in the AskDavis@paradigmpressgroup.com inbox.

Here are my responses to this week’s emails:

First… An Update on “Anthropic Insider: 10% Chance AI Kills Us All”

Yesterday, I published an article titled Anthropic Insider: 10% Chance AI Kills Us All

I requested your feedback about where AI is heading and the warnings of several high-profile Anthropic and OpenAI employees.

• Do these warnings make you more concerned about AI?

• Do you think companies should slow down development?

• Who should be responsible for deciding what’s safe enough to release?

• Does any of this change how you’re investing in AI?

I’ve received plenty of great feedback so far, and my inbox is still pinging with new emails.

I’ll share these emails in the coming days.

Where does a new investor at 65 years old start with $500? – Barry

Hi, Barry. Kudos to you for taking the first step. You’ve come to the right place.

Before I answer, though, let me ask: What does this $500 mean to you?

Is this your only savings? Is this money you can afford to lose as you learn the basics of investing? Do you rely on this money to pay your day-to-day bills?

At 65 years old, you’ve still got a decades-long time horizon.

But depending on what this money means to you, your capacity to take risk could vary significantly.

In the meantime, I recommend reading a few of my more educational Million Mission articles. I’ve linked them here and here.

Plus, Paradigm has a free Stock Investing 101 Report you should find helpful.

How did your stepdad’s investments eventually turn out? – Eric

Great question, Eric. I’ll tag the article you’re referring to here for other readers.

In short, my stepdad was probably the worst investor I’ve ever known. And I don’t mean this in a mean way.

But he was emotional, uninformed, and always chasing the “hot stock.”

These are three qualities that I’m constantly warning against here in The Million Mission.

I’ve got plenty more I can say on the topic – I’ll type up a full article in the next few days.

Looking back, though, learning how not to invest was just as valuable as learning how to invest the right way.

I really liked your article about starting kids early in investing. Are there any apps that you think are better for teenagers to get started with? My son is 17 and I wanted to fund a small account for him to start learning. – Aulani

Hi, Aulani. Thanks for the question.

Here’s a graphic from a Bloomberg article that I found that lays out a few good options.

And more importantly… kudos to you for getting him started!

I cannot stress this enough – getting a head start on investing is the single most important factor that changed the trajectory of my financial life.

I hope it does the same for your son.

I really appreciate your cybercab review. I’ve been interested in this myself and might in fact attempt to purchase one if and when it’s (ever) given the green light in my home state of NJ. I am concerned though if the car is involved in an accident or some other traffic infraction on how it responds. I’m sure we will have reports on that soon. Otherwise, how can you not love sitting on your ass as your bank account grows daily? With the option of pinging the car yourself to get errands done! – James

Thanks for the email, James. And thank you for being a loyal reader.

I’m right there with you. I’m thinking about purchasing a Cybercab myself.

Details on the cost and logistics of owning and operating one are still scarce. But I’m in the market for a new vehicle anyway and don’t drive too often, so my vehicle could spend a significant amount of time earning money on Tesla’s ride-hailing network.

In regard to how Cybercabs operate in an accident, this is from Tesla’s website:

I see you've held onto Fannie Mae (FNMA). Why not Freddie Mac (FMCC)? – Marla

Great question, Marla! Fannie Mae and Freddie Mac are very similar businesses with a few key differences.

Those differences aren’t material to my investment decision.

I chose Fannie because it’s the larger of the two, plus it’s got greater trading volume – important for an over-the-counter stock.

My conservatorship thesis, however, applies to both. So the two stocks will likely continue moving together.

Where Can I Read Previous Emails?

I constantly get questions regarding where to find previous alerts. Well, The Million Mission website is live and you can check out archived alerts here.

Portfolio Overview

Here’s what I’m currently holding in The Million Mission portfolio:

Fannie Mae (FNMA) – 3,500 shares @ $6.86/share

Uber Technologies (UBER) – 200 shares @ $80/share

Nvidia (NVDA) – 200 shares @ $179/share

Micron (MU) – 50 shares @ $935/share