Latest / Winning With Winans! / Why Commodities May Be the Most Overlooked Investment Today
Transcript
- speaker-0: If you went back and looked at the way your grandparents had an investment portfolio, if they had one, I guarantee they had commodities in their portfolio. I mean, because they came from farms, they came from ranches. Yeah. I mean, my dad grew up on an apple farm in upstate New York. They knew the cycles of weather and all that stuff. ⁓ Somehow, when and it's one of those mysteries about my industry. Why we thought it was a good idea to tell everybody, ⁓ no, we're not gonna do any more commodities, we're just gonna do all stocks. Stocks, as we talked about volatility. It's very volatile. I think we made a mistake. Stop that we when we when we told the common retail investor, nope, you don't want to do commodities anymore, just do stocks. And guess what? You miss some huge opportunities. speaker-1: What's best one that you would say to invest in right now? speaker-0: Well, you're gonna laugh. I'll tell you a quick story So I'm back at Charles Schwab's headquarters in Dallas, and I was part of a group of money managers, I'm I've been given my trophies and all this stuff. they were talking about cryptocurrency. ⁓ crypto, Bitcoin, Ether, And I'm trained in that stuff. I laughed because I said, hey guys, if you look out your window, I'll show you something that's actually outperformed crypto in the last three years. Cows. this is again Charles Schwab. ⁓ None of them trade commodities. Something's wrong with that math.