My friend Connie is a nurse.
She lives in Texas and works with cancer patients, most of whom are veterans.
Its a tough job, both physically and emotionally.
She told me few of her patients ever leave the hospital alive. Its sad, but as she says, Its just the reality of the job.
I cant imagine having a job like that. I dont think I have the emotional strength to deal with all that sadness. I think you just have to be a special kind of person to do that job. And certainly, such a job does pay well. It has to, as there arent many folks who can do it.
While Connies job isnt easy, she earns over $160,000 a year. And just to make sure she doesnt leave, she was given a $15,000 bonus last year completely out of the blue.
So many nurses are getting burned out and leaving the profession entirely that hospitals are bending over backward to ensure more dont quit.
Of course, for those nurses who havent quit and have no intention of quitting, theyre doing really, really well financially.
Connie, a single mom, owns her own home debt-free. She has more than $1 million put away for her retirement and has about $100,000 in a trading account that she uses to play the stock market. She also took delivery of a Tesla Model S last year, which she paid for in cash.
Dont get me wrong Connie works hard and puts in a lot of hours. Shes actually been doing weekend shifts for more than a year nowto help with COVID testing and vaccinations on top of her regular weekly hours.
She told me that she always wanted to be a nurse. Since she was in elementary school, she knew nursing would be her chosen career. But she never expected that such a job (along with some very smart investments) would lead her to financial independence.
But it did, and now her daughter will be going to college next year and plans to become a nurse too.
A smart move, as the supply/demand scenario for nurses will always be in her favor.
Unfortunately, there are a lot of other folks going to college who will graduate with no tangible skills to land them a decent job with decent pay. And I suspect those kids will take out huge loans, be unable to pay them back, and then request that the government forgive those loans, which is really just a fancy way of saying you dont want to pay back your debt.
This is becoming a real problem in this country the idea that if you borrow money but find it hard to pay back, you can just walk away from your debt obligations.
They call it debt forgiveness. I call it theft.
Of course, theft is almost becoming acceptable these days.
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I was listening to the Michael Rapaport podcast the other day when the outspoken actor and comedian talked about how he went to his local Rite Aid to pick up some medicine and watched a man fill up a bag with a bunch of random items from the store and then simply walk right out.
He walked right by the security guard, who did nothing, because apparently theyre not allowed to stop these folks.
Rapaport talked to the pharmacist about what he saw, and she said it happens every single day. Its so bad that theyre actually shutting down that location, and she doesnt know if shell have a job after that.
What kind of world do we live in where we give thieves more rights than hardworking folks who are just trying to make a living?
Theres even a website that details how to be an effective shoplifter, offering rules to follow, such as:
Know your rights?
Imagine being a security guard, catching someone stealing clothes, and then the shoplifter says, I know my rights.
And be a good runner?
This isnt a joke.
Its not funny.
People are losing their jobs.
Communities are losing stores that help bolster property values.
From student debt cancellation to illegal music and movie downloads to consequence-free shoplifting, weve literally normalized theft.
And while I may not know how to fix this problem, I do know that you now have to consider how the normalization of theft affects your investment decisions.
In other words, what kinds of companies can you invest in where the normalization of theft will not have an impact on performance?
Here are a few of my favorites:
These are all companies that will never have to worry about brazen shoplifters or folks looking for debt forgiveness.
And these are all companies that could make you a lot of money this year.
Invest accordingly.
To a new way of life and a new generation of wealth...
Jeff Siegel
@JeffSiegel on Twitter
Jeff is the founder and managing editor of Green Chip Stocks, a private investment community that capitalizes on opportunities in alternative energy, organic food markets, legal cannabis, and socially responsible investing. He has been a featured guest on Fox, CNBC, and Bloomberg Asia, and is the author of the best-selling book, Investing in Renewable Energy: Making Money on Green Chip Stocks. For more on Jeff, go to his editor's page.
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The Normalization of Theft Is Crushing Investors - Energy & Capital
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