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BP sees green in renewables | Brits are rushing to buy their dream homes |

Hi Reader, here's what you need to know for October 18th in 3:06 minutes.

♻️ Sustainable investing is a classic two-bird, one-stone opportunity: a chance to make your money do well and do good at the same time. So join Rize ETF’s Rahul Bhushan for How To Avoid Greenwashing When Investing today at 12:30pm, and find out how to make sure your investments really are as green as they seem. Get your free ticket here

Today's big stories

  1. BP bought Archaea Energy in a pricey step toward its net-zero goals
  2. Here's how to benefit from the Bored Apes without buying them – Read Now
  3. UK house prices kept climbing, despite signs of a nearing slowdown

BP Bets On Green

BP Bets On Green

What’s Going On Here?

BP agreed to buy US renewables firm Archaea Energy for around $4 billion on Monday.

What Does This Mean?

BP set out an ambitious plan to become net-zero within just thirty years back in 2020. And while plenty of firms have made similar promises in the past, BP seems to really be putting plans into motion: the British energy giant has been using its windfall profit to fund its green initiatives, and it just snapped up leading renewable natural gas firm Archaea. And get this: the $4-billion deal is an eye-watering 52 times the value of Archaea’s 2021 sales – and the firm’s yet to turn a single dollar of profit. Nothing says commitment to the cause like putting your money where your mouth is.

Why Should I Care?

For markets: Two roads diverged.
Big energy firms have reached a crossroads. In one direction stretches a road toward a green renewable utopia, where oil and gas have bitten the dust and sustainable energy reigns. But a quick glance down the other road shows a world with lower oil and gas supply, resulting bumper prices, and reservoirs of cash for the producers that stick around. BP seems to be heading for the greener pastures, but time will tell whether it’s just a money-wasting mid-life crisis.

The bigger picture: Playing the long game.
It’s a rare approach BP’s taking here: after all, the oil giant’s paying over the odds and since this acquisition is a bet likely to only pay off in the longer term (if at all), it’ll have to sit tight before it comes good. That kind of move doesn’t typically come across as good news for impatient shareholders, mind you. A big dollop of skepticism about the firm’s push into the renewables space might be one of the reasons why BP’s share price is still way down on its all-time highs back in 2006.

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Analyst Take

How To Profit From NFTs (Without Buying NFTs)

How To Profit From NFTs (Without Buying NFTs)

By Jonathan Hobbs, Analyst

The NFT (non-fungible token) market isn’t dead, far from it. 

Sure, the value of NFTs being traded dropped 67% in most recent quarter, but the number of them increased by 8.3%.

But it’s still crypto winter, and in this environment, you might want a safer way to play if you’re looking at NFTs. 

That’s today’s Insight: two strategies you can use to profit from NFTs (even without buying them).

Read or listen to the Insight here

SPONSORED BY THE MOTLEY FOOL

“Amazon will fail”

That’s not us talking, that’s Jeff Bezos.

Yup, Bezos himself said: “I predict one day, Amazon will fail”.

But Bezos will do just fine: after all, he’s already pouring cash into a fast-growing emerging technology that he thinks will “improve every business”.

He’s not alone: that tech – which Warren Buffett calls “enormously disruptive” – has already attracted some of the world’s most successful investors and is recommended by The Motley Fool.

Find out what tech they’re chasing – and why.

Find Out More

Location, Location, Inflation

Location, Location, Inflation

What’s Going On Here?

Data out on Monday showed that UK house prices continued to rise in October.

What Does This Mean?

Economists are expecting higher interest rates – and, in turn, bumper mortgage payments – to put rising house prices on ice, but that hasn’t happened just yet. See, snowballing rates actually meant soon-to-be homeowners rushed to put pen to paper before their cheaper mortgage rates expired, which might explain why the average UK asking price rose 0.9% from September to October – the fastest rise in five months. And in fairness, much of that was down to swelling price tags for London’s most expensive homes, while houses lower down the ladder stayed pretty stable. Plus, given that the number of enquiries from new buyers dropped by nearly a fifth over the last few weeks, the market might finally be about to take a breather.

Why Should I Care?

The bigger picture: Just you wait…
House prices look destined to fall eventually, as mortgage payments are only getting pricier while inflation helps itself to the contents of the country's wallets. And that’s unlikely to let up anytime soon: survey results from Monday showed economists expect double-digit inflation to stick around until the end of the year, with interest rates predicted to almost double to reach 4.25% by early next year.

Zooming out: If you don’t like my principles, I have others.
The UK government announced a controversial package of tax cuts last month, and markets reacted almost as badly as everyday Brits did. So as any unassailable government would do, it quickly scrambled to undo the damage by saying on Monday that it would do away with the majority of the plans. The latest of many flip-flops will mean less government borrowing and fewer inflation-stoking policies, and investors were all for it: the pound jumped to $1.14, and bonds – which have been at the center of the pension crisis – boasted their own long-awaited rally.

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💬 Quote of the day

“A timid person is frightened before a danger, a coward during the time, and a courageous person afterward.”

– Jean Paul Richter (a German Romantic writer)
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🌍 Finimize Live

🥳 Coming Up This Week

All events in UK time.

🌍 How to Avoid Greenwashing When Investing: 12:30pm, October 18th
💻 How To Invest In Tech Stocks During A Recession: 5pm, October 18th
💪 Three Metrics You Should Know Before Investing: 1pm, October 19th

👀 And After That…

🎧 How To Invest In Music NFTs: 6pm, October 24th
🗂 How to Prepare Your Portfolio For Recession: 5pm, October 25th
⬆️ How to Navigate Rising Interest Rates: 1pm, October 26th
🔥 How To Secure Your Financial Future Before 40: 5pm, October 26th
🏆 How To Spot Investment Opportunities In Gold: 12pm, October 27th
🥗 How Will The Global Food Crisis Impact Your Portfolio: 1pm, October 28th
🇨🇳 What You Need To Know About Investing In China: 5pm, October 31st
🤑 Asset Allocation For Young Investors: 5pm, November 2nd
🙋‍♀️ Ladies Investing Club Meetup: 6.30pm, November 2nd (in person)
💰 Strategies For Market Volatility: 1pm, November 8th
🔧 Tools Value Investors Use For Turbulent Times: 6pm, November 10th
🚀 Modern Investor Summit: 12pm, December 6th-7th

🎯 On Our Radar

  1. Straight-A AI. The students using AI to ace assignments.
  2. Super troupers. Virtual ABBA is a mind-bending experience.
  3. The call of the past. What Marcel Proust made of the telephone.
  4. Up in smoke. “Luxury fatalism” made smoking trendy again.
  5. Not knuckle-dragging. Meet the real Neanderthals.
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