Yep, at the end of the day I spend time reading these posts as there is sometimes a piece of information that helps 'rationalise my view', however I am always intensely aware that that is all I am doing and that no one actually knows.
Trump, Brexit, Greece debt crisis/Front National in France (the ability to break apart the EU), fantastic levels of debt (government and household the world over), the unsustainable population of the planet, the murkiness surrounding the true state of China's economy - these and more have an impact on the future of all industry, technology and the growth that is needed for people to sell their ICE vehicles to buy electric or be able to afford solar and home battery storage. Like any industry, the mining of lithium is intimately connected to the risks this very uncertain human world is producing. However when all is factored in, if it all blows up it will most likely affect any investment you have.
People talk about bubbles in the lithium sector, maybe. People talk about bubbles in the Australian housing market but it hasn't as yet stopped the price of houses going up in the same way that the bubble scenario plays to the fears of investors in the lithium sector. Whatever your rational, in this economy it is all rather risky but personally I see investment in an apartment in Sydney today as far more risky, this is just my opinion, however out of line it seems with the opinions of the majority who just keep pushing property higher.
GXY is a gamble, so is Dyesol (DYE), another company that is looking to the future of human energy needs in light of climate change. Both are gambles, both look to have massive upside if the way I rationalise investments are close to a future reality. IMO don't invest more than you can afford to lose and remember if it all goes to pot, the 'safe' savings in a bank are also being invested in who knows what (for most of us).
Part of my rational for topping up yesterday on GXY at .56 was the understanding that I was only paying .02 more than people who took a far greater risk putting in $61 million at .54. I am a little cork bobbing on this ocean of money, the vastness of which I don't control, even the money I have in GXY I don't really control. IMO understand all this first, then rationalise what you want to do. Many people will sound confident in their opinions but as I learnt in psychology, confidence is generally a fairly bad indicator of whether or not people are any good at prediction. Generally the less confident fare better! I listen more to those that are uncertain but clearly present their case for why they make the decisions they do without trying to influence others. There will always be plenty of people that when asked will tell you confidently how to spend/invest your money. Always ask yourself what their motivations are? Generally you can be pretty confident it has less to do with helping you make money and more to do with what they are doing with theirs. All IMO.
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