After a 71% profit, this investor just got out of oil and is putting everything into this commodity instead

Wednesday brought some grim news on the energy front, with a warning for U.S. households to expect higher heating bills this winter, as supply-and-demand struggles in Europe and Asia come home to roost.

“I feel like it’s becoming a crowded thing. The narrative is way too bullish,” said Madani in a recent telephone interview with MarketWatch, adding oil’s downfall will be the consumer. “The cost of living is now outpacing income. Food prices are up due to labor shortages, high fertilizer demand and very high diesel prices , so I think $100 is too soon.”

He began investing in water earlier this year, replacing exposure to China stocks that he had held since 2016. That investment has gone up 20%. The oil exposure that he got out of two weeks ago went to the Pictet-Water P mutual fund. He also has some small-cap stock investments and is looking at gold mining stocks.

While many early investors and Wall Street are catching on to water, it’s only a physical market with no futures. Companies include Danaher Corp. DHR, -0.33%, Waters Corp., and American Water Works Company AWK, -0.08%, and Veolia Environnement VIE, +0.22%. Taiwan Semiconductor TSM, +0.71% 2330, +0.35% reported a record third quarter of profits, thanks to soaring chip demand.

Water is definitely a long term play!!

. oh my . another click bait ad . no answer to the teaser . just buy a subscription .

He exited too early. Wait until January and see how high it goes. OOTT

$shib

good

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Delta posts a first pandemic profit, but investors are worrying about rising costs and signs of a weak Q4Delta posted its first adjusted profit since the start of the pandemic, and one that was double what Wall Street expected. But investors are worried about the rising costs of fuel, wages, and maintenance. Investors should be worried how bad flying sucks.
Source: MarketWatch - 🏆 3. / 97 Read more »

18 fun fall things to do in SoCal and San Francisco with kidsThese California spots ideal for an autumn outing could make your family smile. 19... 19... Skirball_LA So beautiful, so hot!.. Yeah, that’s the stuff. ❤️❤️❤️
Source: latimes - 🏆 11. / 82 Read more »

Ray Fosse, catcher knocked over by Pete Rose at 1970 All-Star Game, dies at 74Fosse also helped the Athletics win the World Series in 1973 and 1974, and he later became a popular broadcaster for the A's. That would be the 1 way he didn't want to be remembered. Hey e ru one Here, I fixed it: Ray Fosse, former MLB catcher and longtime broadcaster, has died at 74, his wife says.
Source: NBCNews - 🏆 10. / 86 Read more »

BofA warns ‘guidance could be ugly’ as companies report on ‘make-or-break quarter’As companies kick off reporting of their third-quarter results, investors will be on the lookout for signs of supply-chain problems potentially eating away at profit margins, BofA analysts say. horrible
Source: MarketWatch - 🏆 3. / 97 Read more »

How important are AP classes for college admissions?Here's everything high school students and parents need to know.
Source: TODAYshow - 🏆 389. / 55 Read more »

'Wizards Of Waverly Place' Turns 14 This Year, So Here's 14 Then Vs. Now Pictures Of The CastEverything is not what it seems because how has it been 14 years😱?!
Source: BuzzFeed - 🏆 730. / 51 Read more »