Igo Dollars and Sense discussion

Futurists tend to look at the world through rose-colored Google glasses.

They tend to focus on tech. Tech will save the world. Tech will enable us to live longer and look younger and to grow our meals in a laboratory.

What does this have to do with Cadillac Desert? You might ask. Water and aqueducts and dams aren't exactly new technology. And investment professionals will always tell you that you can't time the market. All of these assertions are true. But then again, you don't have to make your living as a futurist to know that water will become ever more important in the coming years. It accounts for 70% of the Earth's surface and only a fraction of that is drinkable. And every living creature needs it to survive.

Here is what I see: We all need water. Humans have a tendency to believe they have plenty of it and therefore tend also to waste it. Someday, it will be the most valuable of assets.

Some people may question the ethics of investing in water management companies but why should we be penalized for being able to read the signs? As a long term strategy, I think you just can't ignore water.

So here's a list of some water-related ETFs. Take a look and let me know what you think:

Invesco Water Resources ETF
American Water Works
First Trust Water

https://money.usnews.com/investing/ar...

This article from US News provides a good explanation of how investing in water ETFs works. This may be especially helpful to the folks who feel like you might be placing a bet that the human race will fail to manage their water properly. You will be providing capital to make sure that your children and their children and their children's children all have drinkable water.

Or we can wait for a company to start mining ice on asteroids. . .

Anyway. Take a look at some water investments, utilities, ETFs, whatever. Bring what you find to the next meeting.

Another water stock to watch is Xylem (XYL)