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Hey ChatGPT, what's a good investment that could profit from dramatic climate change?

I wondered what Bing AI (Chat GPT, from Microsoft) would tell me if I wanted to shape my investments to profit from a rapid acceleration of climate change. Disappointing that Bing had no new ideas -- or if Bing has some good investment strategies Bing is keeping it secret.

I'll stick with my model portfolio. Guessing markets is a risky business and usually unprofitable. I'll let you know if I see any can't-miss investment strategy that works better than what's worked for the past 100 years, steady non-reactive investment in the stock market.


Here's the chat transcript.

Me:
list investments that will outperform overall market if climate change accelerates

Bing:

Me:
I need bigger winners. Maybe I should try a "Big Short"? list investments that are most vulnerable to climate change

Bing:

Me:
I doubt demand for fossil fuels will fall. That would require world consensus. Can I short coastal municipal bonds?

Bing:

Me:
list insurance companies most vulnerable to climate change

Bing:

While there is no definitive list of insurance companies that are most vulnerable to climate change, some companies are more exposed to climate risks than others. For instance, companies that provide insurance for coastal properties could be vulnerable to rising sea levels and more frequent storms 3.

It’s important to note that investing always carries some degree of risk, and there is no guarantee that any investment will outperform the overall market. It’s always a good idea to do your own research and consult with a financial advisor before making any investment decisions.

I hope this helps!

Me: Thanks, Bing. I didn't see any big winners in here, but I appreciate the thoughts!

Michael Dayoub, CFP® is a fiduciary fee-only investment advisor in Georgia with clients across the United States.

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