5 Industries That Could Mint Millionaires
573: The Next Wave Has Already Started
Morning lords.
It has been a wild f*cking couple of weeks in equity land.
We saw Citadel, headed by king size lord Ken Griffin, finesse retail investors and Leopold Aschenbrenner’s Situational Awareness fund with some classic mind games.
First calling for a surprise rate hike, then scooping up a tech/AI portfolio for pennies, and then coming back just days later in an August report to say the bull market is back on.
Markets ripped and we’re looking okay, but there is still the question of the Fed this year. Right now on Polymarket the odds of a rate hike sit at about 45% with no change sitting at 51%. Similar to where we were going into the last meeting.
Maybe we get another hike. Maybe we don’t.
The reality is that none of us knows exactly how the next few months will play out.
That’s part of the reason I wanted to write today’s post.
Instead of obsessing over the next Fed meeting, CPI print, or earnings season, it’s worth spending some time thinking about where capital could flow over the next five to ten years.
Those are the themes that have historically created life changing returns, and they’re usually identified long before they become consensus which is what happened with the latest batch of home runs that made people laughably rich.
The list of parabolic names that have just sent since Covid are endless but some of the biggest winners include:
PLTR 0.00%↑ AMD 0.00%↑ NVDA 0.00%↑ AVGO 0.00%↑ SNDK 0.00%↑ MU 0.00%↑ META 0.00%↑ and PANW 0.00%↑
Those plays have made some of you significant money over the last several years, and I have no doubt they will continue to be table stakes plays into the future. Barring a massive civilization ending recession in which former email job wagies are forced to sell cricket popsicles on the sidewalks you will still want your nice allocations to the S&P 500 and Nasdaq growing into the future.
But this morning I want to look a bit past the core AI/Tech/Memory hype that has driven markets in the last 500 days or so.
There is no denying these and many other companies have been fundamentally transformative businesses to the world but that trade is now largely consensus for those of us with long term views and we understand it is a crucial component of healthy risk on picks in the short term.
Crypto’s bear market is slowly chugging along.
My conviction is hardened, but time is our friend on that front for now. You just have to outlast the pain and we will re-focus the majority of our energy when the time comes (we’re slowly getting there). For what it’s worth Bitcoin looks surprisingly stable at the moment.
What else exists though?
Where is the next Sandisk or Micron or Nvidia that you can get into now?
What home runs can we find that are still lying dormant while people debate about a bubble popping in the next several months? Think back to Covid. Did any of use REALLY know how insane this AI run would be? Just my single first year trading bonus ALL in on Nvidia or Sandisk would’ve retired me. Crazy stuff to think about and I don’t want to miss the chance at that again down the line.
Today we’re going to look at 5 different sectors/themes and the tickers/companies within that I think will offer immense upside down the line.
If we’re investing for the next five to ten years, not the next five to ten weeks, where should we be looking today? What plays can really make a difference in your financial future.
Let’s go hunting. The first one I am moving on this today when the market opens.