Yesterday as I was doing my Saturday reading and watching various games I saw an ad on one website touting Two Stocks To Hold Forever! I did not click on the ad so I’m not sure what they were selling but the concept of forever stocks, or ETFs, is interesting. I don’t really have stock picks to just hand out but there are some themes or other niches that I think will be crucial over the next decade or even longer.
In a recent interview I pointed out that I think water will be the most important resource related theme for the next ten years. By now you probably know about the mounting tension between China and India over the possibility that China could dam the Brahmaputra River.
The link to Seeking Alpha for the rest of it. I hope you will check it out.
One goal of the blogging is to have it create a viable, auxiliary income. You've probably gleaned that I am very conservative financially in terms of savings rate and how risk is taken. My primary job pays a fine wage but the idea of a second source of income, in my case the writing, being sufficient to pay the bills is very appealing as a fallback should something unforeseeable ever happen. A third source for us, potentially could be my involvement at the Fire Department. I do some work now that I could get paid for but choose not to. A change in our circumstance, in the context of unforeseeable, and this could help out as well.
Tying into past posts these are things I love doing, have been willing to do for nothing and have figured out how to make enough from them to take the burden off our portfolio were we using our portfolio to live on. As I have said before, if there is something in the realm of hobby or interest that you love doing and would do for nothing then chances are you can figure out whether or not there is a way for you to turn it into a paying gig. It may be there is no getting paid for your hobby but no one would know, either way, better than you.