I think over a 5-10 year horizon utilities should be a booming sector. The fastest growing sectors in the tech realm require a lot of power and there seems to be some federal money pushing a lot of these things so they're inevitable to some degree. I'm not seeing any ten bagger type results in this market but it could perhaps be a safe bet.

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Posted by horsesandbulls

Destin, FL

Member since Jun 2008

5001 posts

Posted on 12/30/24 at 1:59 pm to Powerman

Im in URA for the long haul. I think uranium and nuclear power will be the way of the future in the next 10-20 years.

Already seeing ESG initiatives get walked back, and nuclear is one of the most efficient was to generate a frick ton of power.

Perhaps I’m wrong but time will tell.

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Posted by tirebiter

7K R&G chile land aka SF

Member since Oct 2006

10456 posts

Posted on 12/30/24 at 2:12 pm to Powerman

quote:
I think over a 5-10 year horizon utilities should be a booming sector.

Yeah, I have been hearing this for more than a few years but not holding my breath. I bought a very large chunk of VPU in 2008 in a taxable brokerage at $58.xx and still hold it, VPU did have a pretty strong return this year but it is unlikely utilities are going to light up the market and you would likely make much more in growth or S&P 500 over 5 - 10 years. Also have held DUK and SO for a long time. I either reinvest the dividends in something other than utilities or spend the cash. Non-related but in comparison when OKE bought out my large EPD holdings in September 2023 it is up over 52% YTD 2024. There is a saying that utilities are for widows/orphans/retirees due to stability of dividends, not growth.

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Posted by lsuconnman