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You Didn't Believe Me, but It's Here – NOWBy
Tuesday, November 29, 2016
"Did you see what Steve wrote last week about how no one will use cash or carry a wallet five years from now?" my Mom's friend said to her over Thanksgiving. "That will NEVER happen!"
Oh, really?
Well, how about this piece of news...
On Black Friday, shoppers spent $3.3 billion online... and $1.2 billion of those purchases were made through their mobile phones.
That's unbelievable... when you consider that just a couple years ago basically nobody in America was buying anything with their phones.
When you buy something on your phone, you are not using cash and you don't need a wallet.
Last week, in an essay called "Profiting From What Will Replace Cash and Credit Cards," I wrote...
Here's another shocking piece of Black Friday shopping news: 55% of visits to websites were from mobile devices. And one more for you: Shopper traffic at traditional "brick and mortar" stores was actually DOWN for this Black Friday compared with last year... This tells us that the trend is toward people sitting on their couches while getting a Black Friday deal as opposed to going out and fighting the crowds.
And this is just the latest piece of news to support my point.
The story is so important that I wrote the November issue of my True Wealth newsletter about it. But if you're like most people, you're probably not on board... yet.
You might think paying with your phone can't possibly be safe. You might think it sounds complicated, or inconvenient.
In my True Wealth issue, I wrote...
With "tokenization," using your phone is much safer than pulling out your credit card. And it's more convenient, too. As I described in that issue, I've even tried it myself...
Shopping on your phone is just the first step toward eliminating using cash and credit cards in the traditional way. What comes next? And how can you profit?
I really want you to see this whole story. So I have "unlocked" the main part of this month's True Wealth issue for you.
You can see my full story of what will replace cash and credit cards – and how to profit from it – by clicking right here.
Good investing,
Steve
Further Reading:
"In less than five years, your kids won't carry wallets. They won't carry cash. They won't carry credit cards," Steve writes. Read the story he first introduced last week here.
Steve believes one little-known tech company will soon be the largest in the world. "Companies like Apple, Google, and Facebook are trying to copy its products as we speak," he writes. "In the end, I predict this company will come out ahead... It will ultimately be bigger than them all." See how it's possible here.
Market NotesAN UPTREND IN FAST FOOD Today's chart showcases a restaurant chain going through a makeover...
Fast-food restaurant Wendy's (WEN) is the fifth-largest in North America, behind industry giants McDonald's and Burger King. Known for its never-frozen meat and Frosty desserts, the $3 billion company has more than 6,500 locations around the world.
Lately, Wendy's has been working to rebrand itself. It's focused on unique menu items, limited-time offers, and increasing investments in technology. The strategy appears to be paying off... Since 2013, same-store sales – a common metric in the restaurant business – are up for the 15th consecutive quarter. In North America alone, the company also plans to overhaul 500 stores.
WEN shares are up more than 20% this year, and they just hit a new multiyear high. The message is clear: More customers are choosing Wendy's over the competition...
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