Investors’ love affair with past winners is insatiable. The ‘conventional wisdom’ on Wall Street is that US Large-Cap index stocks, Mega Cap Technology, and NFTs will continue to be the ‘big winners’ in the years to come. Unfortunately, yesterday’s darlings seldom outperform in the future with the same risk-adjusted returns per unit of liquidity risk (this is important) as they did in the past. Paradigm shifts typically happen slowly and quietly, with most investors realizing after the fact.
Many firms put out their 2022 reports with forecasts and predictions, but very few of them are actionable. We wish the authors would attach a link to their prior-year forecasts so we can judge how well they did. The goal of this piece is to not only provide unique thought leadership but to provide investors with actionable investment ideas. Here are our 10 ETFs for 2021 (click here) so you can evaluate our calls.