3 Reasons to Dump a “Buffett Portfolio” and Buy Fintech Stocks
The world of finance is about to shift into the future, and Warren Buffett’s portfolio is nowhere near ready.
Right now, Buffett’s portfolio is filled with insurance and bank stocks — basically, everything that fintech stocks are about to swallow whole.
By staying all in on these old-world stocks, Buffett has set himself up for disaster once the tsunami of new-world companies start to dominate the financial market.
But there’s one investment you can make to avoid Buffett’s mistake — today!
July 23, 2019Hey everyone. This is Paul with your Bold Profits Daily.Today I want to tell you about a tornado that I believe is about to hit the world’s greatest investor. Those of you who have been watching Bold Profits Daily know who I am referring to. I made a controversial video recently talking about Warren Buffett.I’m telling you, when I look at Warren Buffett’s portfolio, what I see is a swirling tornado that is ready to hit his portfolio where it hurts. When you look at Warren Buffett’s portfolio, what is it full of? Insurance companies, banks — these companies represent the vast majority of what he owns and it’s also what generates the cash that allows him to invest money to make more money.
If you watched Market Talk yesterday you would know that I believe financial technology, insurance technology and cryptocurrencies are coming to hit the current world of finance and ultimately crush it. I’ve made a number of videos, including one on March 19, where I recommended Global X Fintech Thematic ETF (Nasdaq: FINX).I went to look at what this ETF has done since I told you to buy it because of the coming revolution in financial technology. This ETF is up nearly 13% in about four months, versus just 5% for the S&P 500.
In other words, this is more than doubling the S&P 500 in the same timeframe.This is during a time where there’s been a lot of volatility. So this ETF has been a winner. Today, I would tell you that this ETF is still good for your money. Here are three reasons why. Number one is that there is a tsunami of innovation and technology coming straight at the banks, insurance companies and the old world of money that is surely going to go to zero.
Some of it will happen soon, some will happen fast, but the outcome is certain. That’s reason number one. We have technology that is coming for these companies.
Second, even though these companies are technology companies they are still categorized as financial companies. As a result of that, they get the benefit when interest rates go lower. With the Federal Reserve setting up to lower interest rates, I believe these companies are going to benefit.
Interest rates generally just juice up the financial system. When people come to buy financial companies, while you may be guided by other people to buy banks I would tell you to buy financial technology.
Third reason. The new generation — millennials, Gen Z and even people have other generations — has long figured out the banks and financial systems are out for themselves. They are out to make themselves rich, even if it comes at your expense.
We learned this from what happened in 2000 during the dot com bubble when investment banks sold dot com stocks that they knew were worth nothing. It happened again when they blew up, like a balloon, the real estate market so they could make fees from mortgage finance.
And all the mini scandals we’ve had since 2008. The interest rate setting scandal and so many others. As a result of that, no one trusts the financial system and the people who run it, which are banks and insurance companies. So that’s reason number three. They have lost trust definitively among young people and the young folks represent future customers. With that, you can see that the end is coming.
To get away from the banks, insurance companies and the old financial system, I would tell you this ETF will give you wide exposure to all the emerging financial technology giants of the future. The other place you can get them, and here comes my shameless plug, is if you subscribe to my Profits Unlimited service.
We currently have one of the leading financial technology companies. We already went into this company and made almost 100% on this and we’ve come back. I like the company so much I’ve put it back in the portfolio.
For the next several months my team and I are focused on getting new stocks into the portfolio focusing on insurance technology, real estate technology, financial technology and I believe we’re going to put our first cryptocurrency in the portfolio. If you’re interested in financial technology and interested in making money, check out the Global X Fintech Thematic ETF.
Also, check into Profits Unlimited, which is my flagship service. That’s my Bold Profits Daily for you today. If you like this video give it a thumbs up, share, subscribe and comment. I’ll have another one for you next week. Until then, this is Paul saying bye.
Buffett’s Portfolio Disrupted — Avoid Disaster With Fintech Stocks
To me, there are three main reasons why you should buy into fintech stocks. First, the tech innovations that these companies are making will lead to the Disruptification of banks and insurance companies — and soon.
Also, since these fintech companies are a marriage of tech and finances, they benefit from lower interest rates. This is very different from big banks and major insurance companies, which have to answer to several layers of regulations when it comes to interest.
And younger generations, like millennials and Gen Z, have figured out that big banks are in it to make themselves rich, not to help their customers. Add that to the way banks blew up the real estate market and a series of mini financial scandals since 2008, trust in the U.S. financial system is low.
This is all creating a tornado that is about to hit all the old-world stocks in Buffett’s portfolio. The fintech revolution is happening now.
And there is one investment that is set to soar. I reveal this fintech giant in my video today.
To prepare to profit from this storm in the coming months, I’ll be talking more and more about fintech, insurance tech and crypto stocks in my Profits Unlimited newsletters.
In our portfolio, we already have one of the best financial technology companies that shot up 100% when we first bought it. If you want to be one of the first to read about these upcoming, specialized stock opportunities — and build a better-than-Buffett portfolio — be sure to click here.
Editor, Profits Unlimited