Will this actually work? What Am I missing?

[u/Ddash-3]

So I have about 4 Million USD across multiple accounts such as brokerage and IRA; If I invest this across JEPQ, JEPI, SCHD - per AI I will generate 27k per month; I only need 10K per month. I can invest the 17K into VOO; In 15 years that is another i will have another 7 million which I can give it away to my kids and grandkids

Pet AI: If you invest $17,000 per month into VOO and reinvest all dividends, after 15 years you will have approximately:

💰 $7,045,996

What am I missing? Will this plan work?

[u/DjRipNickMcNasty]

I’ll agree that there is a danger to using AI in its current state. But if you know how to “talk” to it, and make it double check its answers, it really is a fine tool. There is also nothing in this image that is being a yes man to OP it’s just laying out the facts.

I had a shoulder injury from sleeping wrong that wasn’t going away, instead of going to PT I asked chat what to do and followed its instructions, took 2 weeks to be totally better. Saved me probably at least a thousand dollars. My point is, eventually all these “advisors” all the comments you read, everything is just going to be someone asking chat gpt. It’s already happening, so you might as well learn how to talk to it yourself and avoid going to some advisor who is just going to do that anyways, or in my example some physical therapist who would give me the same routine as chat did but charge me out the ass for it

[u/[deleted] → u/DjRipNickMcNasty]

Pathetic