Welcome to our weekly mailbag edition of The Daily Cut.
As longtime readers know, our job is to spot market megatrends early on – so you can maximize your profits.
We do that by plugging you into the latest big ideas from Teeka Tiwari, Jeff Brown, Dave Forest, Jason Bodner, Greg Wilson… and the rest of the Legacy Research team.
So if you have a burning question to put to any of them, let us know at [email protected].
Today, we’re handing the reins to Legacy’s tech expert, Jeff Brown.
He’s made it his mission to level the playing field between Wall Street and Main Street.
At his flagship tech-investing advisory, The Near Future Report, he’s given subscribers the chance at triple-digit gains on blue-chip tech stocks.
For example, one chipmaker is up 216% since Jeff recommended it in March 2019.
Electronic agreements company DocuSign (DOCU) is up 380% since he recommended it in June 2019.
And chipmaker Nvidia (NVDA) is up 770% since he recommended it in August 2019.
It’s a similar story at our Exponential Tech Investor advisory, where Jeff recommends smaller, higher-growth tech stocks.
Top gainers there are up 112%… 280%… 311%… and 349% in the model portfolio.
But I (Chris Lowe) have never seen Jeff as excited about a profit opportunity as he is right now. For the first time, he’ll share the secrets of his No. 1 private investment strategy – investing in early-stage private companies.
And make sure you stay with us ’til the end of today’s dispatch. Jeff has put together a list of his favorite books about technology and investing.
But before we get to all that… a reader question about the metaverse.
If you’ve been following along with us for a bit, you’ll know the metaverse is the successor to the internet we use today.
Here’s how Jeff described it in Wednesday’s dispatch…
The metaverse is a bunch of shared virtual worlds you can enter and interact with others in. We’ll be able to go to these 3D digital worlds to work, play, and be entertained.
There will be many worlds we can enter, just as there are many social media platforms or e-commerce websites. You don’t need anything more than your regular browser and a broadband internet connection to enter the metaverse. But augmented reality – which mixes the real world and computer-generated graphics – and virtual reality will help bring the metaverse to life.
The idea might make your head spin. But it’s rapidly going mainstream.
Last month, Facebook (FB), the world’s largest social media company, announced it wanted to become a metaverse company. It’s changing its name to Meta (MVRS) to reflect this.
And Nike (NKE), the world’s most valuable apparel brand, is also preparing to enter the metaverse.
It’s filed seven U.S. trademarks – including for its swoosh logo and “Just Do It” slogan – for a bunch of “downloadable virtual goods.”
These include sneakers as well as eyewear, sports equipment, bags, backpacks, and toys.
You enter the metaverse via an “avatar,” or digital representation of yourself. Already, people are snapping up virtual sneakers for their avatars to wear. And Nike wants a piece of the action.
So for pioneering investors, the metaverse has the potential to make life-changing gains.
But one Jeff reader remains unconvinced of the metaverse’s value. In particular, he’s worried about the so-called play-to-earn metaverse games that are growing in popularity.
Instead of earning just points in online games… players can now earn crypto. And in some parts of the world, the money on offer in games such as Axie Infinity is greater than players can earn in real-world jobs.
Reader question: Jeff, thank you for informing us of what’s new ahead of any other source, enabling us to get in early. But not every piece of news can be welcomed as good news. I was wondering about your euphoria regarding the exponential development of the metaverse.
In particular, I’m concerned about the consequences. You mention players in Vietnam and the Philippines earning enough money in Axie Infinity to make it their primary source of income. Can there be ANY productivity expected from this? ANY positive contribution towards their countries and their GDPs? ANYTHING, either physical, mental, cultural, or intellectual?
– Gerhard G.
Jeff’s response: Hi, Gerhard. Thank you for sending in your thoughtful comments.
I share your concerns. Much of what we see in social media today is terrible, purposeless, and entirely unproductive.
And yes, it erodes the character of individuals as well as culture. It creates angst, hatred, division, and fear. It erodes our ability to be rational, objective, balanced individuals.
What happens in the metaverse will be no different. In fact, it will be amplified.
That said, there will still be productivity and meaningful cultural activity in these new worlds. We, as a society, will have to do our best to make that happen.
And don’t forget… the metaverse will enable some incredible experiences. We’ll be able to attend live concerts… socialize with friends… and even make digital goods there.
We’ll also attend classes… host work meetings… and shop there.
There will be many new income-producing jobs in the metaverse. These jobs will pay taxes and contribute to society in much the same way anyone working in a digital world does today.
One last thought… The Axie Infinity story you mentioned could also be quite positive. Players in Southeast Asia are earning enough money through the game to make it their job. That can change lives, especially if other opportunities are limited.
Now, on to the No. 1 opportunity on Jeff’s radar…
For more than six years, Jeff has been searching for a way to bring early-stage private investments to his readers.
Wealthy venture capitalists and private equity financiers have been involved for decades. Because buying shares before a company goes public is the best way to make money in the stock market.
Shares are still so cheap in these early stages… you maximize your gains as the stock soars.
One reader wants to know more…
Reader question: Hi, Jeff. I couldn’t be happier with your service, your knowledge, your products, and my choice to go all in with a Brownstone Unlimited membership. [Brownstone Unlimited is Jeff’s top-tier subscription.]
I wish to invest in great, early-stage, well-managed, transformational technology companies, like the ones you often tell us about in [your daily tech-investing e-letter,] The Bleeding Edge.
The problem is I’m a novice at venture capital investing. I deeply admire your experience, passion, and connections in the tech industry – and especially your ability to not just find but properly value small private companies.
If I got the opportunity to get involved with a private company, I wouldn’t be good at knowing whether the price it offered was a fair valuation. These companies don’t have revenue or any of the other metrics you normally use for valuations, and often their projections are skewed one way or the other.
Would you ever consider helping accredited investors sift through the field to find the diamonds? Maybe a club or millionaires’ group you share your best venture capital or angel investing ideas with?
– Brent H.
Jeff’s response: Hi, Brent. Your timing is excellent. I’m planning a special event next week to discuss this subject. And it’s for non-accredited investors too…
Next Wednesday, November 17, at 8 p.m. ET, I’m hosting my Day One Summit. There, I’ll unveil my plan for helping investors like you get in on early stage private investments on “day one.”
I’ve spent over six years looking for a way to bring early stage private investments to my readers. Because private investing is the best way I know of to generate life-changing returns.
In my personal portfolio, I’m an active angel investor in more than 270 deals. That number grows every month. These investments will help me ensure not only my immediate family is well taken care of. They will also ensure the financial security of my grandchildren and great-grandchildren.
That’s the power of private investments.
Now, I’m finally putting all my experience in this area to work for my readers. And Day One Investor – my new advisory – won’t be restricted to accredited investors. Anyone can invest in the deals I’ll share there.
I highly encourage you – and any other interested readers – to sign up for my summit. It’ll be an amazing night. And I believe it’ll be the start of great things for many people who choose to explore this area with me.
As for your specific question about accredited investors, thanks for raising it. I’ll have to give that some more thought.
My focus has been on opening the doors to private investments for regular investors. And Day One Investor will do exactly that.
If you haven’t signed up for my upcoming summit, you can go here to put your name down. Hope to see you there!
We’ll wrap up with something a little different. One reader has been wondering about Jeff’s favorite books…
Reader question: Do you have a list of books you can recommend on various topics like bleeding-edge technology, cryptos, investment research, philosophy, etc.? I’m always looking to strengthen my knowledge, no matter the topic. I figured you may have some good book suggestions.
– Clayton D.
Jeff’s response: Hi, Clayton. I’m glad you asked. I’ve been meaning to put together a reading list for subscribers like you who want to dig deeper.
The list would be too long if we explored every area of tech I cover. So I’ll give you a few suggestions that deal more with tech in general – how we adopt it and the impact of technological revolutions. If we develop a good framework for thinking about these things, we’ll become better investors.
So here are my suggestions for tech in general…
Information Rules by Carl Shapiro and Hal Varian
Technological Revolutions and Financial Capital by Carlota Perez
The Innovator’s Dilemma by Clayton Christensen
For cryptocurrencies and blockchain…
The Internet of Money Volumes One and Two by Andreas Antonopoulos
DeFi and the Future of Finance by Campbell Harvey, Ashwin Ramachandran, and Joey Santoro
For investment research in general…
Investment Valuation by Aswath Damodaran (this is more of a reference book, but it’s excellent and useful)
For philosophy…
Meditations by Marcus Aurelius
The Beginning of Infinity by David Deutsch
And for a little fun, there should always be some science fiction…
The Diamond Age by Neal Stephenson
Snow Crash by Neal Stephenson
Neuromancer by William Gibson
That’s all for this week’s mailbag.
Remember, if you have a question for anyone on the Legacy team, be sure to send it to [email protected].
And if you haven’t already, don’t forget to sign up for Jeff’s Day One Summit, happening next Wednesday at 8 p.m. ET.
Have a great weekend.
Regards,
 |
Chris Lowe
November 12, 2021
Barcelona, Spain