I always think back to the days when I first arrived in this country every time the holiday season rolls around. When I was a new immigrant, I was completely unaware of what the holiday of “Thanksgiving” was all about. I thought that Thanksgiving was a day when people take the time to appreciate all of the reasons they have to be grateful.
After a couple of years, I began to learn everything I could about American history and the harvest festival, and I still feel respectful at this time of the year. It is a time that I am reminded to be grateful for all that I have.
I believe that being grateful is something that none of us can neglect this year. Because of the Thanksgiving Day holiday, the markets will all be closed, so you have no excuse but to spend the time with your friends and family.
You can think about your investments after the markets open again, so I am going to discuss something different today in this article. The two things that I would like to talk about are the two new mega-trends that I will be covering in Profits Unlimited next year.
The Economy Is Being Decentralized by Blockchain
The first trend explains how blockchain is related to finance. You may not be entirely familiar with the word “blockchain,” so I will give you a little explanation before we move forward.
Blockchain is a global ledger that can be found on the internet. Anyone may have access to this ledger, but it cannot be found in one particular place. It is something like an Excel spreadsheet. For example, many different computers contain an Excel spreadsheet at the same time, and they are constantly updated every 10 minutes.
Because the ledger is decentralized, it is impossible for hackers to encrypt the data. The nature of this system ensures that it is shared because all a person needs to access the database is an internet connection.
This new technology has changed the financial industry in a significant way. This is the firs time that two people in two different places can get together to safely exchange data without the need of involving banks, government bodies or rating agencies.
— Paul Mampilly (@Paul_M_Guru) November 24, 2017
As a rule, the banking system suffers from a massive amount of fraud, limitless fees and a ton of paperwork; it is understandable why more people are choosing to make their transactions with blockchain.
Right now, blockchain is disrupting the financial industry, so the banks are rushing to include blockchain technology into their existing systems. The fact is that other entities besides banks are about to be disturbed by blockchain as well.
In an economy that has been completely decentralized, there wouldn’t be any use whatsoever for “middle men,” and every industry would be affected by it. This includes everything from retail shops to the transportation industry to crowdfunding websites.
This technology is so energetic that I want it to be a part of my life because it has the potential to bring early investors immeasurable profits.
A Preposterous Amount of Energy
Blockchain does have one preeminent flaw that also has an effect on the “Internet of Things” mega-trend. The amount of energy needed to empower these two industries is Bunyanesque.
Karl J. O’Dwyer and David Malone conducted a study in 2014, and the study revealed the fact that the bitcoin network required as much energy as the entire country of Ireland. In the event that every bank on the planet started to take up digital currencies, it’s hard to imagine how much energy we would need.
Our current energy grid cannot handle the amount of energy that is needed, so that’s why I will add companies that are renewable, storable and provide natural energy solutions to my Profits Unlimited portfolio in the coming year.
I am not prepared to say anything about it now, but because of the mega-trends and the themes, I am predicting that being a Profits Unlimited reader in the New Year will be highly advantageous to you.
In order to be a part of the success and learn which companies are going to participate in the new themes, sign up for my newsletter today. When you do, you will learn all of my insights on the market trends and how they relate to the themes I have mentioned. I will also introduce you to the up-and-coming companies who will be making a big splash next year.
We have come to the end of this article, but my family and I hope that you have a very happy holiday season.
Paul Mampilly is the senior editor at Banyan Hill Publishing. Mampilly received his Bachelor of Business Administration from Montclair State University in 1991. After his graduation, he headed straight over to Wall Street where he became an assistant portfolio manager at Bankers Trust. After retiring from Wall Street he wanted to help Americans who didn’t have millions of dollars to invest rather than the ultra-rich. Now he is focused on smaller investors and writes two newsletters to help them make the best choices.
For more information, visit Paul Mampilly’s website: https://paulmampillyguru.com/