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11-07-2021, 02:09 PM
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#1
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Recycles dryer sheets
Join Date: Sep 2021
Posts: 131
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Infrastructure stocks
Infrastructure bill passed.
Is it time to buy PAVE, Global X U.S. Infrastructure Development ETF?
Or any other etf related to infrastructure?
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11-07-2021, 03:01 PM
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#2
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Recycles dryer sheets
Join Date: Jan 2020
Posts: 247
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 Quote:
Originally Posted by freedom2022
Infrastructure bill passed.
Is it time to buy PAVE, Global X U.S. Infrastructure Development ETF?
Or any other etf related to infrastructure?
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I hope folks are not too gullible to think most of this $1.2T will actually be spent on physical infrastructure!! One must pay attention to who lobbies for these mega bills and where the money eventually ends up. And folks shouldn't count on "shovel-ready jobs" either. You don't have to look too far back in history to see how politicians sell these catchy phrases.
Big chunk of money will be used to shore up the huge pension deficits at state, city and public transit authority and airport level. In US, almost all public transit are huge loss-maker. And they rely on this kind of money flow to keep the wheels and employees and their pensions going.
These public agencies will now be able to buy more "green buses". So if anything invest in Lithium/Hydrogen related stocks.
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11-07-2021, 03:06 PM
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#3
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,731
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By the time the money grabbing is over, the only highway work that will probably be done is replacing broken speed limit signs. 
__________________
*********Go Yankees!*********
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11-07-2021, 03:14 PM
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#4
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Full time employment: Posting here.
Join Date: May 2008
Location: Lexington
Posts: 714
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Well, some part of it will reach infrastructure building, but probably only around 10% of it. Watching some youtubes on how municipalities and states runs their pension funds is kind of mind blowing, many rely way too much on what the wall street salesmen tell them.
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11-07-2021, 03:17 PM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,891
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The time to buy them (if at all) is before the bill passed.
It's old news now, baked in the price.
-ERD50
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11-07-2021, 03:19 PM
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#6
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,731
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Quote:
Originally Posted by ERD50
The time to buy them (if at all) is before the bill passed.
It's old news now, baked in the price.
-ERD50
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The way it looks to me is the oven has been on too long for everything in the market.
__________________
*********Go Yankees!*********
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11-07-2021, 05:03 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Sep 2013
Location: Cincinnati, OH
Posts: 4,373
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Quote:
Originally Posted by ERD50
The time to buy them (if at all) is before the bill passed.
It's old news now, baked in the price.
-ERD50
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It's not half baked, it's fully baked.
__________________
The problem isn't artificial intelligence, it's natural stupidity.
You can't spend yourself to prosperity.
Semi-Retired 7/1/16: working part-time (60%) for now [4/24/17 changed to 80%]
Retired Aug 2, 2017; age 53
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11-08-2021, 05:04 AM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,370
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Overcooked? Burnt to a crisp?
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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