Greed Glands vs Woke Glands

[galeno]

Silly rant.

I have greed glands. So do my 2 younger children (sons). My oldest (daughter) has woke glands.

All of my children have read "The Little Book of Common Sense Investing" by John Bogle. All of them LOVE to speculate. They all speculate with 5% of their ports.

Of course both sons speculate with crypto currencies. I call it "the new tulip bulb mania". They tell me I'm old.

My daughter speculates in "woke" stuff. First she decides that the world needs more batteries. So she buys lithium mining stocks. Then she decides that the world needs more water. So she buys a water ETF.

You can imagine the bizzare conversations I have with her. She's convinced that we are all doomed because of climate change.

My position is if the world were really that serious about climate change there is an immediate answer that would buy us some time: nuclear energy.

So after many crazy discussions with her she decides that I am right. So she buys some stocks in nuclear energy.

Her 1/3 positions in lithium, water, and nuclear energy are seriously out performing her 70/30 TWSM/TWBM Boglehead port.

Of course she wants to speculate more. Then she tells me that the Harvard endowment portfolio is divesting from fossil fuel related companies.

I already know her next idea. Soon she's going to tell me that she wants to short sell energy stocks.

Ahhhhhhhh!

[galeno]

I just noticed something. Exxon is #22 and comprises 0.54% of VTI.

There are ZERO energy companies in the top 25 stocks of VT.

Holy cow Batman!

[steelpony10]

galeno ,

            One of my kids is a millionaire or near one at 40 speculating in big tech for twenty years. One is living like the Apocalypse happened 15 years ago. No one knows much about his life style because he’s to bizarre to have a conversation with and our daughter takes after the old man, old school living in a wacky culture. Her husband has what looks like a pretty successful tech business though.

             You have to understand you’re the guy in the dark room where they grow mushrooms and every once in awhile the door opens and someone throws some s**t on you. That’s the only position available to fathers once the beast of burden is retired. Embrace your fate….maybe biofuels.

[jongaltiii]

galeno speaking of nuclear energy… perhaps not such a bad idea: www.barrons.com/articles/uranium-is-a-winner-as-climate-change-boosts-nuclear-power-51631204868

”The World Nuclear Association said the globe’s roughly 440 nuclear reactors require some 79,500 metric tons of uranium oxide concentrate each year and in a 2019 report, it forecast a 26% increase in uranium demand from 2020 to 2030.

Weekly spot uranium prices stood at $39 a pound as of Sept. 6, the highest in over six years, up 30% year to date, according to UxC data. Among exchange-traded funds, the Global X Uranium ETF (ticker: URA) has gained more than 60% this year.”

[johntaylor]

Yale's David Swensen died, but would be interesting to know what endowment folks think here.

[Chahta]

I agree that nuclear is a good answer. Wind, wave, solar, what ever, will never be enough to fuel electric cars etc.

While searching David Swenson I found this bizarro story: link

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[galeno]

Oh my word! Made my day.

www.boredpanda.com/story-radioactive-boy-scout-david-hahn/?utm_source=duckduckgo&utm_medium=referral&utm_campaign=organic