Guest: Andrew Chanin; Topics: Andrew discussed the state of the economy including inflation and the impact on space investments. He updated us on the UFO EFT, space and security, cybersecurity and other important topics.
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We welcomed Andrew Chanin back to the show for UFO Exchange Traded Fund (ETF) updates plus a review of 2023 as a year for space investing. As with previous shows, I will rely on the tags (repeated below) to summarize the various topics and discussion we had with Andrew, including calls and listener emails. Here are the tags for your convenience:Tags:
Andrew Chanin, UFO ETF, ProcureAM, space ETF ventures, S-Network Space Index, Space Certified Datta product, cybersecurity, 2023 investment volatility, SpaceX has impressive year, diversity in space, inflationary economy challenges, Virgin Galactic UFO position, 2024 election influences, space is not partisan, space and defense relationship, space contribution to wars, Israeli military, Ukraine, space ETF as a retirement vehicle, China, space global interest, AI contribution, settlement for the Moon/Mars destinations, autonomous cislunar, UFO ETF diversification with pure spay and transportation plays, communications, accounting for private and public space, non-human intelligence space potential, space and lower launch costs, the high interest rate & cost relationship to UFO, tax rates, potential weakening ahead.
There were some program highlights for me. I appreciated Andrew's discussion on space investing in an inflationary economy. Don't miss it. In addition, based on the early email he got from Todd questioning Virgin Galactic being a UFO holding, I found Andrew's response to be interesting in that it explained the lower risk of an EFT by spreading the risk among all stocks rather than trying to pick wining stocks and investing in just one or two. For example, the VG losses are not as bad and hurtful as they would have been had someone only invested in Virgin.
Another of the discussions I liked dealt with space as a global investment and the use of space, including commercial New Space in national defense and security. He mentioned wars in Israel and Ukraine as examples. This makes it certain that NewSpace companies are here to stay but I do suspect those without some dual use may find operating in a weak and inflationary economy more and more challenging.
Please post your comments/questions for Andrew on the blog for this show. You can reach him through The Space Show or ProcureAM and its website.
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