Nov 21, 2022
Summary:
Inflation continues on, despite the efforts of the federal reserve
and the government to make us believe that it is abating. With
latent uncertainty and a long ride ahead, which sectors should we
invest in right now? I sit down and chat with Dee Carter to recap
what’s been happening in the markets—specifically in the energy
sector. People are hesitant to invest in oil companies because of
the push for renewable energy; on the other hand, fossil fuels are
still an integral component of production. For general investing,
Dee advises his clients to evaluate which sectors fit their
particular situation, and mentions some things to consider in the
current economy.
Highlights:
-We’re in a situation where we really don’t know what is going to
take place over the next couple of months
-The senate is still 50/50
-We’re in for a long, tough ride that will probably last beyond
January
-The problem right now is that no one wants to invest in
energy—especially in oil companies
-No one wants to invest in something that may not be around 5-10
years from now
-Oil companies are receiving mixed directions in regard to
production
-You can’t get away from fossil fuels because of how many products
they are tied to
-We are perhaps entering the electrical situation a bit too
early
-Right now, it is not feasible for all cars to run on electricity.
It’s too early to do away with fossil fuels; we have to take it one
step at a time
-Historically, energy transitions have been market driven—not
government driven. The government needs to back down and let the
markets do their work
-Energy is the place to invest. There are still some companies
drilling, but some refineries have reached capacity
-We need to invest in the refinery process
-Surprisingly, consumer buying has not slowed down. We’re also
still looking at pharmaceuticals and other health related
sectors
-Look at sectors that fit your particular situation
Useful Links:
Financial Survival Network
Carter Financial