ETF Picks For The Next 5 YearsI don't post about stocks or ETF's very often. I got into investing via crypto - and my intention wasn't necessarily to make money either. I had lost faith in the current model of our banking system, and became inspired by what I saw as an alternative. That alternative also ended up being a good financial decision. Ironically (I say this because most investors and traders own a smaller percentage in crypto), my stocks only make up around 2-3% of my portfolio.
There are two reasons I've begun investing a little into the stock market (mostly via ETF's) since I pulled my inital risk from crypto:
1) I'm testing to see if my strategy for crypto (buying into fear, dollar-cost-avergaing, and being extremely patient) will work with regard to the stock market, and perhaps benefit me financially.
2) I genuinely support the marijuana industry and the clean energy industry. Yes, nuclear is considered to be "clean" energy. I picked nuclear because it's flying under the radar, at least in terms of what's "hot" right now.
Looking at the weed industry
Weed is currently a $60 Billion industry. That's actually larger than Tobacco. So, is it still undervalued? I think yes, since tobacco has significantly fewer uses. But let's look at something that's more widespread AND less healthy: Alcohol. The global alcohol industry is worth around $1.4 TRILLION. With that in mind, I think it's fair to assume weed can eventually become at least half as big. It won't be consumed in such large quantities, but I think the uses and applications for it will be quite widespread. What does this mean? It means the value of the Weed sector can grow at least 10x, and it can happen over the next decade. The $170 target is shown on the chart. However, MJ is not in a bull market yet. Despite this, I have been adding slowly. My trendlines show that this could be a decent place to buy. Horizontal supports are also outlined.
Looking at Nuclear
The safety of nuclear power facilities has dramatically increased. Interestingly, URA had been in a severe slump since the Fukushima incident. URA ultimately found a bottom, and is now in a bullish trend, with a golden cross on the weekly. I'm targeting all-time highs. The first big pullback is underway, after the recent incident at the Chinese nuclear facility. My first entry was near $15, but I am slowly buying dips. I also added a small URNM position, which comprises companies that hold physical Uranium. It may perform slightly better.
Of course, I may be wrong. This is why I'm buying slowly and cautiously, rather than piling in all at once. That seems to work with the slow-moving stock market.
I also have invested a little into some other clean energy sectors: solar, hydro, and wind.
Let's see what happens! Certainly not much fervor surrounding these ETF's at the moment, but it's always best to prepare, rather than react emotionally. Definitely learned that from crypto.
This is not financial advice. This is for my personal record, speculation, and entertainment only.
-Victor Cobra
