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RE: I hereby retract my Envion recommendation!
Wow. Cobalt and nickel are impressive, but still nowhere near crypto.
A lot of those 1600 will disappear (and many more that are still to come). That's why I try to buy the good ones which will endure.
Those are my 'long term' investments, like my equivalent of crypto. Future need for batteries that's going to happen, 100%.
Buy into companies that produce the materials for future battery production, that's the 'fundamentals' reason. It's working so far...
I still drop them at the first sign of trouble though, I don't hold stocks that are falling, I just take the money and buy something else rising, same old same old...
Good plan. You should buy a few Tesla shares.
I've never been that keen on Tesla, don't know why, no reason I can think of. They have to use the same materials as everyone else though, so I'm investing in the root of the tree and not the branches, if that makes any sense ! :-)
Indeed it does. My thinking was more along the lines of Tesla being very innovative and using the latest tech. That's nice because it means that they would automatically hop to a better tech if e.g. Lithium batteries were replaced by something better. Of course you could follow the markets yourself, but if you're looking at scaling back on trading later on, then it's easier to let someone else do the work in exchange for some of your profits.
nah, if I wanted someone else to do the work in exchange for profits then I'd just buy a pension :-)