We are into the misery of winter now. Short, cold days, runny noses, and lumpy sweaters make you long for a beach vacation. But what if you could put that vacation money to use in your investments? What kind of companies profit from cold weather?
Remember, this blog is not investment advice, but some general ideas for your further research. Or fun click bait while you are snowed inside.
- Ski Resorts, ski and snowboard producers, and outdoor winter clothing companies
- Manufacturers of snowplows and salt spreaders
- Natural Gas producers or servicers of wells
- Storage Facilities – especially those that offer climate control
- Home improvement retailers – you’ve got to buy those snowblowers, shovels, and generators somewhere. Oh, and you can buy stock in those manufacturers so you’ll have the whole supply chain covered.
- Restaurants – Relief from cabin fever! Why fight the pre-blizzard mob at the grocery store when spicy hot wings or comforting Pho can be brought right to your table?
- Companies that sell tissues, cold medicine, and vitamins.
Don’t like buying individual stocks? Me either. Fear not, there is an ETF for everything now, so you can take the categories above and search for the applicable sector with a bucket of investments built in. Just don’t go putting big chunks of money into narrow sectors of the market.
With some creative thinking, maybe you can score a buck or two off Old Man Winter and Jack Frost! Geez, I am sick of those guys.