Locksmith
Farm Hand
- Messages
- 101
Just in case you feel like getting inventive with your money, The CME is the only market where you can "Trade the weather".
"In the late 1990s, people began to realize if they quantified and indexed weather in terms of monthly or seasonal average temperatures and attached a dollar amount to each index value, they could, in a sense, "package" and trade weather. In fact, this sort of trading would be comparable to trading the varying values of stock indices, currencies, interest rates, and agricultural commodities. The concept of weather as a tradeable commodity, therefore, began to take shape."
Source
This is something that sounds interesting enough to learn.
Who's with me?
"In the late 1990s, people began to realize if they quantified and indexed weather in terms of monthly or seasonal average temperatures and attached a dollar amount to each index value, they could, in a sense, "package" and trade weather. In fact, this sort of trading would be comparable to trading the varying values of stock indices, currencies, interest rates, and agricultural commodities. The concept of weather as a tradeable commodity, therefore, began to take shape."
Source
This is something that sounds interesting enough to learn.
Who's with me?
