RE:RE:Nothing to see here... but endless headwinds eAuto: Sorry, I didn't see your post. I typically only take a look every couple of days and when I do, I try to respectfully answer all the people that hate what I have to say. I actually enjoy alternative points of view as I have never learned anything from somebody agreeing with me.
I don't think there is any such thing as future proof. In order to get "guaranteed" returns, one has to accept relatively low payouts.
At the moment, the market scares the crapp out of me so the only stock I own is Tesla. I probably shouldn't even own Tesla, but I can't bring myself to sell it. In my 40 years in the market, I have never seen a company that is anywhere close to what Tesla has to offer. By that, I mean that Tesla is by far and away the market leader in two of the most forward looking industries in the world (EV's and battery storage) and it is rapidly developing into the leader in a 3rd category (AI).
Is TSLA for everyone? Absolutely not.u have to be prepared to ignore the share price or it will drive you nuts. I have 100% of everyone's RRSP and TFSA in Tesla. I was late to investing in TSLA as my financial training pretty much handcuffed me mentally from investing in anything with that was losing gobs of money and then trading at 1000x earnings. C'est la vie as I would rather be late than sorry at this stage of my life so I had to SEE the profitablility before jumping in.
What am I waiting to buy?
Google: Gary Black's (Wall St guy turned fund manager) biggest position (TSLA is his #2). GOOG owns the online advertising world and has 50% CAGR potential with solid earnings and a huge war chest. If the market takes a hit, I will be loading up on GOOG below $100.
ENS - LBS - SBC - DFN : These are SPLIT stocks based mostly on bank shares (other than ENS which is only made up of Enbridge holdings). They are typically highly levered (about 2.5x to the price of the underlying securities) which means they are UGLY when the market for financials drops and AMAZING when the finco's rise. These puppies pay out monthly and typically have yields that are well into double digits. IF the market takes a dump, the SPLITS get creamed because of the leverage. If their NAV's drop below $5, they stop paying which means many of the dividend piggies bail. That is when it is time to load up. If we see a hit like Experienced has been talking about, I will load up for 7 figures in the SPLITS and just wait it out until they start paying again as their NAV's move back up past $5. When the SPLITS get creamed, they typically double or triple within a year. The reason I stick with ENS or the bank SPLITS is due to the fact that the underlying securities fit into the Too Big To Fail category. Anytime you can buy a banking split under $5 is going to be a huge win.
I'm trying to learn more about AI but I doubt that I will get there at this stage of my life as it is a new language with structures that I can only pretend to understand.
I think gene sequencing is another building block for the future as the existing health care and medical system is AWFUL at best with varying degrees of criminality on the side. Surely the world can do better and I think gene sequencing is the pathway.
I know some here don't like Cathie Wood. I'm not one of them as I'm a big fan. The lady is a serious student of economics and I think her team is at the top of the "looking forward" investment community.
As I said above, there are lots of clouds on the horizon and moving inbound. Until the FED states that it is DONE with raising rates, I don't know why anyone would invest these days. But what does an old geezer like me know.