Ryan Stancil,
Editor
Dec. 10, 2022
Since last week:
Prices have continued rising and Americans are taking on more debt via credit card to get by as savings have gone down. It’s a sign of things to come over the next few quarters.
1. Going Home
Millions of millennials in the US, those between the ages of 26 and 41, have had to move back in with their parents over the past year. Rising debt is one of the reasons. This is just one sign among many that the economic picture we’re being sold isn’t as rosy as some would have you believe. That’s why it’s up to you to take complete control of your finances.
2. Coal’s Last Days
Coal’s time left is dwindling. By 2025, renewables are set to overtake coal worldwide as the primary source of power generation. This is happening because nations are embracing low-emissions technology, which includes wind, solar panels, and perhaps most importantly, nuclear power. This is why you want to get in on uranium investments before they really take off.
3. Rising Battery Prices
Falling battery prices have naturally led to wider adoption, but they’ve been seeing a slight increase lately because of rising costs for materials. Companies are working to get more supply out there, but this just shows that demand isn’t going anywhere. That’s why lithium will be one of the best investments you can make over the next few years.
4. Rising Metals Prices
And lithium isn’t the only thing going up. Other metals needed for car batteries, like nickel and cobalt, have been going up in price too. This means that the opportunity to profit from those metals is still there, but more people are going to be learning about it. That’s why you want to put your money in the right plays now.
What to Look For:
There’s talk that the Fed may raise rates one more time before the year is out. So that’s one thing you will potentially want to be prepared for.
Ryan Stancil
Editor, Daily Profit Cycle