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How climate change can affect your finances
The Los Angeles Times via MSN ^ | February 18, 2023 | by SPENCER TIERNEY

Posted on 02/18/2023 6:05:10 AM PST by Oldeconomybuyer

Kristy Jiayi Xu got an unwelcome surprise this New Year’s Eve: The roof of her garage was leaking during a severe rainstorm in San Francisco. Delays in getting a contractor to fix the roof have brought unexpected costs to keep things dry, including a dehumidifier.

“My husband and I are both from the East Coast, so we always think the rain here lasts for a day,” said Xu, certified financial planner and chief executive of the firm Global Wealth Harbor.

In September 2022, she and her husband faced a heat wave — another weather incident they weren’t expecting.

“We have air conditioning, but the bill was so high,” she said.

For more than a decade, scientific reports have shown how climate change will likely make extreme weather events more frequent. And this might affect your wallet.

Let’s break it down.

Higher insurance costs, additional policies:

More storms typically mean more risk of damage to your home or car. And getting enough home and other insurance — at a reasonable cost — can be its own challenge.

Higher food, energy costs:

Extreme temperatures have become more frequent, which can affect crop production and household energy usage. In turn, your grocery and energy bills may increase.

Indirect hits on investments:

“Climate change is going to impact the long-term valuations of both stocks and bonds,” said Zach Stein , co-founder of Carbon Collective, an investment advisory firm focused on creating portfolios that fight climate change.

What you can do now:

— Compare home insurance options.

— Expand your emergency fund.

— Consider banking and investing to support environmental causes.

— “Storm-proof” your property.

(Excerpt) Read more at msn.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: globalwarming; hoax; propaganda; socialism
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1 posted on 02/18/2023 6:05:10 AM PST by Oldeconomybuyer
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To: Oldeconomybuyer

Funny. Because all of that is happening with Democrats in charge today. Wasn’t happening when Trump was President.


2 posted on 02/18/2023 6:07:40 AM PST by EQAndyBuzz (“Racist” is the new “Nazi”.)
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To: Oldeconomybuyer

Well yeah communism does that.


3 posted on 02/18/2023 6:08:01 AM PST by xp38
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To: Oldeconomybuyer

I just love getting “science news” from journalism majors.


4 posted on 02/18/2023 6:08:51 AM PST by Da Coyote
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To: Oldeconomybuyer

The only climate that affects finances is the business climate. Not good under this administration so climate change IS in order.


5 posted on 02/18/2023 6:14:24 AM PST by Qwapisking ("IF the Second goes first the First goes second" L.Star )
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To: Oldeconomybuyer

Today’s weather is 100% excessive government spending and cloudy.


6 posted on 02/18/2023 6:19:30 AM PST by blackdog ((Z28.310) Forget "Global Warming", new grants are for "Galaxy Dimming")
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To: Oldeconomybuyer
Cats and dogs living together

Socks don’t match

Goldfish die

Seems the Libs are doing everything to increase the cost of energy. No gas stoves, use electricity which is less efficient. No more power plants, use solar and wind. Use Heat Pump to warm house, unless it gets below 20 F, then freeze baby, freeze! The Libs must understand that they need to create less electricity and increase demand which will drive up costs!

7 posted on 02/18/2023 6:25:26 AM PST by Lockbox (politicians, they all seemed like game show hosts to me.... Sting)
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To: Oldeconomybuyer

How worrying about nothing can affect your brain.


8 posted on 02/18/2023 6:28:29 AM PST by SaxxonWoods (The only way to secure your own future is to create it yourself. 111 is the key.)
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To: Oldeconomybuyer

What a load of propaganda.

Every government in the history of man has “united its people” to conquer some external enemy.

Every single one.

It distracts the people from killing their leaders.


9 posted on 02/18/2023 6:28:46 AM PST by MV=PY (The Magic Question: Who's paying for it?)
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To: Lockbox

When you can’t control the guns, try to control the ammunition.

If you standardize on sock color, there can be ni mismatch


10 posted on 02/18/2023 6:28:50 AM PST by bert ( (KWE. NP. N.C. +12) Juneteenth is inequality day )
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To: Oldeconomybuyer

Sounds like typical lib dumbassery to me. Unprepared, lack of reality in their pea brains, ZERO research of where they were moving to.


11 posted on 02/18/2023 6:29:58 AM PST by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
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To: Oldeconomybuyer

“We have air conditioning, but the bill was so high,” she said.

LOL, San Francisco weather in July Aug and Sept avg high 71.

Calling BS on this, lived in SF for 20 years never owned one.


12 posted on 02/18/2023 6:30:14 AM PST by Jolla
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To: Oldeconomybuyer

Extreme temperatures might extend the growing season, so shouldn’t it be lower food cost? I think these morons are trying to lie to the sheeple.


13 posted on 02/18/2023 6:33:09 AM PST by Deplorable American1776 (Defund the FBI, the American Stasi.. Hello 2023, can we get over 2020 yet? )
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To: Lockbox

“No gas stoves, use electricity which is less efficient”

Electricity is more efficient then gas. Natural gas stoves are about 40% efficient while electric stoves are about 75% efficient


14 posted on 02/18/2023 6:34:17 AM PST by Armscor38
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To: Oldeconomybuyer

Kristy Jiayi Xu and her husband are moron commies. Move back to China.


15 posted on 02/18/2023 6:34:24 AM PST by ConservativeInPA (Stupidly is a moral problem, not an intellectual problem. )
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To: Oldeconomybuyer

The Left wants to steal all the money


16 posted on 02/18/2023 6:34:45 AM PST by butlerweave
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To: Oldeconomybuyer
Zack Stein's Carbon Collective states clearly, "The articles and research support materials available on this site are educational and are not intended to be investment or tax advice. Carbon Collective does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Carbon Collective's web site or incorporated herein, and takes no responsibility therefor. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly."

https://www.carboncollective.co/impact

They just want you to invest in their schemes rather than someone else's. The "cover story" is that they can decarbonize.

What is it to decarbonize? Most of the modern world is essentially "carbonized," so the word is nothing more than an attempt to confuse by asserting a new word which most people will not understand.

And -- ta-dah! -- they advise investing in their chosen funds. Marketing.

M A R K E T I N G

"Schedule a time to talk."

Because "Advisory services provided by Carbon Collective Investment LLC ('Carbon Collective'), an SEC-registered investment adviser."

https://www.carboncollective.co/401k

Oddly, as an "online" investment company, the web site shows no address. So one finds their address through other means and learns that the company shows five employees and the following address:

524 Madison St / Albany, CA 94607

Source: https://aum13f.com/firm/carbon-collective-investing-llc

For any interested, one can see the property in question:

Source: https://www.zillow.com/homedetails/713-Madison-St-Albany-CA-94706/24854145_zpid/

17 posted on 02/18/2023 6:38:28 AM PST by Worldtraveler once upon a time (Degrow government)
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To: Oldeconomybuyer
One also notes that the domain's “.co” suggests the web site is essentially run in Columbia, not the US.
18 posted on 02/18/2023 6:40:15 AM PST by Worldtraveler once upon a time (Degrow government)
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To: Da Coyote
I just love getting “science news” from journalism majors.

C’mon man. This is truth. It’s no hyperbole, man. Journalists spend tens of thousands of dollars and go into massive debt to go to J-school to learn how to write at the sixth grade level and occasionally asks the questions who, what, when, where, why.

19 posted on 02/18/2023 6:40:16 AM PST by ConservativeInPA (Stupidly is a moral problem, not an intellectual problem. )
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To: Oldeconomybuyer

A leaky roof?

Yeah, there’s never been heavy rain before in Northern California during the winter months. s/


20 posted on 02/18/2023 6:44:13 AM PST by july4thfreedomfoundation (Disband and Defund the putrid FBI. America does not need an out of control Gestapo)
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