I’m not one to play the stock market. While it’s a great way to build wealth, I have something of reverse Midas touch when it comes to stocks. I invest my money and everything goes to crap.
However, other folks have better luck than me.
For example, some of them might have been invested in gun stocks.
Shares of gun stocks climbed higher during Monday’s trading session after the FBI released data about the sizable number of background checks conducted for firearm purchases last month.
The FBI said that it conducted 3.51 million background checks in April, compared with 2.91 million during the same month last year.
Shares of Vista Outdoor Inc., Smith & Wesson Brands and Sturm Ruger & Company were all trading higher on Monday.
The April totals were fewer than the month prior when the FBI carried out nearly 4.7 million background checks.
Background checks for every month of 2021 have so far outpaced the data from the comparable period last year.
In other words, you’ve got a growing market with ridiculously high demand. How would this not be a good investment. I mean, as noted earlier today, part of the reason for a dip this month is that there are so few guns available for sale.
Now, if you could invest in a company that would sell everything they made for the foreseeable future, would you invest?
All things being equal, I would. I don’t invest in gun stocks because, with my luck, I’d crash the entire industry by doing so, but some of you might. If you already have, congratulations and I hate you.
For others, this might be something to look at. You wouldn’t be investing at the bottom of the market, of course, but we’re also not looking at the current demand drying up in the next few months either. Hell, we’re not looking at it drying up for the next couple of years, most likely.
Of course, there are those who would like to invest in the companies just to try and force them to carry out various anti-gun schemes. That’s all the more reason for pro-gun voices to invest in these companies.
See, some in the industry have told me that many of those that run these companies aren’t really pro-gun. However, if they’re savvy businessmen, they’ll damn sure act pro-gun if their investors are. Plus, when it comes time to replace those CEOs for whatever reason, enough pro-gun voices may well force these companies to change that.
Honestly, if you’re looking to invest and you want to help preserve our Second Amendment rights, it might not be a bad idea to at least consider these companies for your next investment. Sure, they won’t skyrocket like Gamestop did when things got ridiculous, but how many investments really do that sort of thing?
Of course, with my luck, I wouldn’t blame you for not taking investment advice from a guy who can lose money on a sure thing. I won’t take it personally. Hell, I wouldn’t listen to me either.