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Is this a joke? Soyabean Oil.

Flatulentoldgoat
Flatulentoldgoat Posts: 304 Forumite
100 Posts First Anniversary Name Dropper
edited 17 April 2021 at 10:04AM in Savings & investments
Found this gem of a product. 'WisdomTree' Soyabean oil. Yes, that's literally it. Load up on Soyabean oil fresh from the fabled Wisdom tree, get rich and buy that fleet of lambo's.

Seriously, what's the point?

Risk rated 7 for those amazingly returns.....Not.
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Comments

  • Old_Lifer
    Old_Lifer Posts: 780 Forumite
    500 Posts Second Anniversary
    Soyabean oil is a widely-used cooking oil.
  • dunstonh
    dunstonh Posts: 120,213 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Flatulentoldgoat said:
    Found this gem of a product. 'WisdomTree' Soyabean oil. Yes, that's literally it. Load up on Soyabean oil fresh from the fabled Wisdom tree, get rich and buy that fleet of lambo's.

    Seriously, what's the point?

    Risk rated 7 for those amazingly returns.....Not.
    It's certainly niche and unusual but it is an asset with a value.  This is potentially more than can be said for many crypto investments out there

    I believe this one is based on the future potential/expectation that more will move away from animal fats and look at potentially healthier options.     

    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • coffeehound
    coffeehound Posts: 5,741 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper

    Since 2007




  • jamei305
    jamei305 Posts: 635 Forumite
    Tenth Anniversary 500 Posts Name Dropper
    It's a liquid market and no different from other agricultural commodity futures e.g. oats, sugar, coffee, cocoa:

    https://www.bloomberg.com/markets/commodities/futures/agriculture


  • csgohan4
    csgohan4 Posts: 10,600 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    certainly something for everyone, if i was into an ETC, it would be lithium though. The EV batteries don't make themselves
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • Flatulentoldgoat
    Flatulentoldgoat Posts: 304 Forumite
    100 Posts First Anniversary Name Dropper
    jamei305 said:
    It's a liquid market and no different from other agricultural commodity futures e.g. oats, sugar, coffee, cocoa:

    https://www.bloomberg.com/markets/commodities/futures/agriculture



    That's probably great for a hedge that can buy it all up and drive the prices up.

    Would you put Soyabean oil in your pension, though?
  • benbay001
    benbay001 Posts: 408 Forumite
    Third Anniversary 100 Posts Photogenic Name Dropper
    jamei305 said:
    It's a liquid market 

    I hope that was intentional.
    Im A Budding Neil Woodford.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 17 April 2021 at 1:03PM
    Flatulentoldgoat said:
    jamei305 said:
    It's a liquid market and no different from other agricultural commodity futures e.g. oats, sugar, coffee, cocoa:

    https://www.bloomberg.com/markets/commodities/futures/agriculture



    That's probably great for a hedge that can buy it all up and drive the prices up.

    Would you put Soyabean oil in your pension, though?
    Why not? People often tinker in markets where they have personal industry knowledge and experience.  I suspect you know very little about the companies you invest in. You are reliant on others deciding what a fair price is for a stock. 
  • Old_Lifer
    Old_Lifer Posts: 780 Forumite
    500 Posts Second Anniversary
    edited 17 April 2021 at 4:00PM
    Several dozen countries are producers  and it is widely used around the world.  The main producers are Brazil the USA and China.

    No doubt those who know the market are well placed to make serious money from the product.
  • coffeehound
    coffeehound Posts: 5,741 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    Not going to google it, but hasn't it had negative press recently as being environmentally unfriendly?
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