JohnDB
Platinum Member
- Jun 16, 2021
- 7,624
- 4,540
- 938
- Thread starter
- #21
Nope...the recent runup in Bitcoin is due to Tesla accepting it once again...they came to some sort of agreement with using some windfarms to produce the power needed to maintain and mine them. It was a purely personally economic decision. (His own Bitcoin became worthless because of his announcements....duh....I was wondering when he would figure out his mouth was going to make him poor in spite of his brain)Growth stocks have a very high Beta.... meaning that you have to babysit them or lose everything.
Now a company like ET (Energy Transfer) which is a midstream oil company that is almost a Utility Stock is a nice Value and Income play that usually makes most investors more money in the long run while being "asleep at the helm" the whole time.
Their dividends are legendary for being high and currently serving growing population areas of the country at the moment.
It's one of those stocks that you buy and walk away from but experience 50-100% returns in a year or two. Most growth investors play too much and don't know when to quit and end up losing fantastic gains with "bad luck" trades.
Tesla is done with Bitcoin, you can't worry about being carbon neutral and also invest in digital currency, as it is a mutually defeating relationship. Bitcoin is a major carbon producer.
Hard pass on oil stocks.