Picks & Shovels

Rather than gambling on gold, we will invest in those who sell shovels to prospectors...

It was famously said of the California gold rush of the 1840’s, that most prospectors did not strike it rich, but the folks that sold them the picks and shovels they needed did just fine. Plus of course the saloons, the general stores, the barber shops, and everyone else who supplied an industry that was growing fast.

It is sometimes easier to spot a growth industry than to determine who the winners and losers will be, especially early on. But the picks and shovels strategy is a nice way to benefit with greater certainty.

An example is the fast-growing Cannabis industry where some of the service providers are performing very well and they have a lot less competition than the producers themselves.

Pynk One Ltd is a company registered in England and Wales (No. 12940786) with the registered office at 20-22 Wenlock Road, London, England, N1 7GU.

Thesis Portfolio is the trading of Pynk One Ltd. Pynk One Ltd (FCA reference no. 942958) is an appointed representative of WealthKernel Limited (FCA reg no. 723719), which is authorised and regulated by the Financial Conduct Authority.

Investing involves risk to your capital. Past performance is not an indication of future results; the value of your investments can go down as well as up, and you may get back less than you originally invested. The information contained herein does not constitute investment advice or investment research and should not be relied upon to make any investment decisions. References to specific assets or securities are included for illustrative purposes and should not be understood as an endorsement or a recommendation to engage in investment activities.

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