Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.
8 posts • Page 1 of 1
Most on this site like to buy all the stocks by indexing, instead of trying to pick the winners. What makes you think it will do well? Most are wrong when it comes to predicting the markets.
I agree with the narrative that lithium will play an important role in the world going forward. But that is obvious to everybody, so do you have any specific reason to think lithium’s future is not priced in already? And even if it outperforms, will it do so by more than the expense ratio of 0.75%?
I doubt that there are many stocks that are pure lithium plays, either, (please excuse the pun ).bluquark wrote: ↑Fri Jan 11, 2019 1:19 amI agree with the narrative that lithium will play an important role in the world going forward. But that is obvious to everybody, so do you have any specific reason to think lithium’s future is not priced in already? And even if it outperforms, will it do so by more than the expense ratio of 0.75%?
If Bolivia, which has the world's largest pure deposits (I believe) could not strike a deal with battery producers that included battery production in-country as opposed to just lithium extraction, then what chance do investors have?
Rare Earths (which are not all by any means rare) is another area where there was a hype bubble, and a then a bust (I think it was Molycorp that went bust - which had planned to restart US extraction). There are mercantilist/ strategic issues there, but again it's hard for investors to leverage it.
I am watching it now in real time quotes. No stock movement at present. Spread bid/ask is .03. This is a stock you may have a problem getting rid of when you want. How long a time frame are you looking at? I see you missed the boat by not buying in late December.
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How about Lithia Motors (LAD)?
Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.
My first thought is that the ETF is named the "Global X Lithium & Battery Tech ETF," not the lithium etf.
My second thought is that Tesla is the 4th highest holding with about 6% of the fund's assets.
#1 is FMC, which does a lot of business with agriculture.
#2 is Albemarle, which is a broad chemical (including lithium!) company.
Other than the name of the ETF, what is it you find attractive?