I have disclosed owning some quirky stuff personally in an effort to reduce the chance that I would ever have an emotional reaction to a decline in the stock market.
I own a few things that I think are really in their own world including uranium exposure. I own a little bit of Cameco (CCJ) in one of my IRAs and a little bit of the Uranium Participation Corp (U.TO) in my wife's Roth.
Uranium has gone parabolic of late, CCJ is up about 15% in a week and U.TO is up something similar in the same time period. Uranium is capable of very big moves. I don't own these for clients because they are very volatile. I have owned CCJ for quite a while and in that time I have been up lot, then down and then up again. Joellyn has only had U.TO since January so it has only gone up.
I do not have any great feel for what comes next so I have stop order in on CCJ that is very tight to the market. If I get stopped out it will cut my exposure by about 2/3.
The long term case for uranium is compelling and as has come up here before big increases in the spot price really doesn't have a big impact on the cost of nuclear power. But for the short term I just don't know so I have the stop order. I will move it up every day if the stock keeps moving up.
There are two points to this post. One is that it is OK to not have all the answers all the time. But just because you don't have all the answers doesn't not mean you should not have some sort of plan of action if market action so dictates. The other point is that if you have any exposure to the space you might want to think about some sort of exit strategy or pairing back.
Just a thought.