Capturing multiyear structural changes that are evolving right around us.
Transcript:
CHRIS VERSACE: Hey folks, welcome to TheStreet’s Stocks & Markets podcast, I’m Chris Versace Portfolio manager of TheStreet Pro Portfolio. Today’s podcast is going to leverage a conversation with Jason Meshnick, Managing Editor of TheStreet Pro in which he asked me about thematic investing, what it is, how we use it running TheStreet Pro Portfolio, and why we share so many signals that we do with Pro portfolio members.
If you’re already a Pro member, you no doubt see those Signals when we publish them on Saturday mornings. If you’re not…. You may want to see what we’re up to and how you can use it to be a smarter investor.
JASON MESHNICK: I’ll give you a little bit of background. One of the reasons why I’m excited about today is that back when I was working in fintech and I worked with all the major brokers– Schwab and TD Ameritrade, et cetera, there were a couple of years where everybody, all that they would ask about was thematic investing, saying that thematic investing is the number one thing that everybody is going to be interested in down the road. People understand it, they like the stories, et cetera.
But the thing is, none of them really understood what thematic investing was. So we are lucky because not only do we get to work with Chris Versace on a daily basis and have his expertise in managing The Street Pros Portfolio, we also get his expertise around thematic investing, and Chris is arguably one of the major experts in the world– I’ll say the world– on thematic investing. So as I mentioned, Chris is our pro– he manages The Street Pro Portfolio, and it’s one of our big offerings on The Street. But with that, I’d like to turn it over to Chris to start talking about thematic investing.
CHRIS VERSACE: Thank you. Jason. Hey, let me just add to something that you said before. I mean, you are right. There’s been a lot of talk over the last several years about what is thematic investing? How is it done? And I think we’ve seen a lot of false starts. You also just mentioned Schwab, and it is interesting that they do have a list of thematic strategies. One of them, I don’t have to admit I understand– caffeinated beverages. How that is a thematic strategy, I don’t know, but I think when we’re done, Jason, you and folks who are watching will probably be asking the same question. How is caffeinated beverages a thematic strategy?
So what do you say we get started?
JASON MESHNICK: I don’t know how caffeinated beverages is a thematic strategy, but I can tell you that it is high-energy.
CHRIS VERSACE: Oh, boy. OK. All right. What do you say we get started?
JASON MESHNICK: Let’s get started. I’ll go on mute now.
CHRIS VERSACE: OK. All right. Thank you very much. So welcome everyone. I’m Chris Versace. I manage The Street Pro Portfolio. I also do some stuff with Tematica Research. In there, we use thematic investing as well to power a variety of different models, but also with some of our partners over in Europe that are offering ETFs based on the thematic indices that we have created.
I really like thematic investing. And as you’ll see as we go through this, that not only is it recognizable, relatable, but it really helps define something that I think is very important when we talk about investing. It’s getting around to the question of why. Why are we interested in this particular ETF? Why are we interested in this particular model, or as we use at The Street Pro Portfolio, why are we interested in this particular stock?
So with that, let’s get started with the slides. Maestro, we can have the next one please. Awesome. So this is thematic investing 101. And just like a regular college class, 101 means that this is a primer on what thematic investing is. Will we get into some of the nitty gritty on how we see thematic investing? Yes, we will. Will it be a soup-to-nuts presentation? In other words, will you be a thematic expert when we’re done? Maybe, maybe.
But you might have more questions, and of course, we’ll be happy to answer those either in the Q&A session, or if you’re a member of The Street Pro Portfolio, we have office hours every Tuesdays and during certain times of the year on Thursdays as well. And we, of course, love to entertain questions during those periods.
With that, next slide, please. So one of the big questions I think that a lot of investors ask, especially newer investors, is how do you get started as an investor? There’s a lot of information out there. There’s a lot of different companies out there. There’s a lot of talking heads. How do you get started? Well, whenever someone gets started, I always think they’re staring at this next slide.
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