I've been watching
CCJ
and the uranium mining market in general for years. It's about time to start building my position.
In the past, I was interested in
URA
, but I am not happy about what assets they put into the basket. Ideally, I would invest in the ETF tracking the uranium price. Since it's impossible, the next closest thing is uranium mining. I am not interested in all uranium-related businesses since they also depend on a variety of other factors. This is why
CCJ
alone offers, in my opinion, better exposure to the uranium price than
URA
, not to mention the lack of managing fees.
The intention here is to build a long-term position and collect some dividends in the meantime. If the price keeps falling, I am happy to continue accumulation (possibly including smaller mining stocks as well).
The negative sentiment on the uranium market will end eventually, and I am happy to grow my position along the way. Uranium represents many ideas I have on the current market. My favorite is the growing demand for green energy. Nuclear power is one of the few sound alternatives to fossil fuels, and probably the most realistic one.
CCJ
and the uranium mining market in general for years. It's about time to start building my position. In the past, I was interested in
URA
, but I am not happy about what assets they put into the basket. Ideally, I would invest in the ETF tracking the uranium price. Since it's impossible, the next closest thing is uranium mining. I am not interested in all uranium-related businesses since they also depend on a variety of other factors. This is why
CCJ
alone offers, in my opinion, better exposure to the uranium price than
URA
, not to mention the lack of managing fees. The intention here is to build a long-term position and collect some dividends in the meantime. If the price keeps falling, I am happy to continue accumulation (possibly including smaller mining stocks as well).
The negative sentiment on the uranium market will end eventually, and I am happy to grow my position along the way. Uranium represents many ideas I have on the current market. My favorite is the growing demand for green energy. Nuclear power is one of the few sound alternatives to fossil fuels, and probably the most realistic one.