EV ETF Suggestions
I am looking to invest some savings in EV or Energy ETF for long term ( >5 yrs). Any suggestions?
May 20th, 2021 3:13 pm
May 20th, 2021 6:41 pm
May 20th, 2021 7:30 pm
May 20th, 2021 8:31 pm
May 21st, 2021 1:46 pm
So whats better than ETF which not only diversify the risk but also brings good returns ( better than bank deposits)?xgbsSS wrote: ↑ To avoid hype industries ETFs as generally too much money is chasing too few eventual champions.
Similar to Marijuana ETF HMMJ. Eventually the only few that succeed with the rest failing or disintegrating. Essentially, spreading your money out in an ETF for something like this often leads to guaranteed losses.
May 21st, 2021 2:00 pm
Anything else for the most part. I can't answer this question for you because I don't know your financial industry. What I can say based on your first comments on this board is you should avoid investing in something just because someone says it's good.
May 21st, 2021 2:17 pm
The BEV industry, actually auto industry in general is way over priced at this point. Switching from gas burning cars to BEVs is not going to significantly alter auto makers and turn them into huge growth stocks. Mean reversion will eventually take place and many of the new entrants will likely disappear.