Is now the time to invest in uranium stocks?
With the expansion of the Chinese energy sector, we can start to see the slow transition from coal powered energy to nuclear energy. A few of their nuclear plants will go live next year. I think this would be the most cost efficient and realistic approach for China to battle their air pollution problems. Uranium is traded through long term contracts.
Despite to what happened in the past history with nuclear disasters, we can learn to create new methods of preventing nuclear Melt downs. I believe China had developed a reactor that is meltdown free. This is a big game changer if this is the case.
I know uranium can be debated with lots of pros and cons but I want to be able to take advantage of the first 3 years of my investment plan.
I've shifted my portfolio from a diversified all high yield equities (mostly blue chip stocks) to 100% commodities. I know this is a really risky portfolio but it had been paying off extremely well. I've dedicated all my time to studying the in and outs of these Commodities and the business of specific stocks.
Last year, I had predicated a bad start to the economy in 2016 and a possible market crash and recession back in late October 2015. I had made a lot of investment mistakes and learned from it as a new investor. I had to pull out at the time and take a loss of -16% portfolio (worst investment was Amaya). I was determined to invest the right way by doing my own qualitative and quantitive research. Read books about investing (not your get rich quick books) about understanding a business and how to read financials. Courses on micro and macro economics, supply and demand and etc.
The most important thing was having a plan and how to use these investment vehicles to get to point a to b.
Anyways fast forward today, My portfolio is up an outstanding +70%.
The uranium stock I've invested in is NXE (Nexgen Energy) I bought 5000 shares @.64 last year in December. This junior miner company has the richest and highest quality uranium in the world. I think it's now at 1.42.
The other stocks I have in my portfolio are gold stocks. I'm invested in LSG and CRJ. I bought these back in early January and I'm bullish long term with gold. These are doing so well!
I only have 3 stocks in my portfolio right now and no high yield equities. I don't see a need of any diversification for other high yield equity stocks since I believe they are all over valued and I'm 100% sure we're going to have a correction soon.
All my junior miner stocks are undervalued but are making great profits and is cost effective today's market compared to bigger mining companies
What is everyone's opinion on uranium and the stock you would invest in?