Hubris is running rampant on Wall Street, as trillions of dollars continue to flow into passive investments.
The recent correction, in which the S&P 500 is down 6.8% in the last month?
No sweat. The indexes will rally and recover losses. The thought that investors will never lose money in the market if they just stay long permeates the dull minded set.
However, there will be a time when that hubris pays a price.
When it comes it will not be pretty, but there will be a safe haven.
More than a safe haven really – a place where money can be made no matter what.
All that's needed is underlying fundamentals that will result in appreciation rather than loss.
As long as an investor buys shares at the right price in a sector that's growing, the odds will favor high returns.
One sector with positive growth expectations for many years to come is the casino sector.
It may seem surprising, but casino stocks are actually one of the best investments you can make right now. And today, we'll show you the two best casino stocks to buy before 2019.
Even though it's heavily reliant on the strength of the consumer, casinos tend to do well no matter the near-term direction of the economy.
More importantly, there are significant tailwinds that will be present for the next five to 10 years.
Specifically, the explosive growth and acceptance of esports and the gambling on it ensures even more expansion of the casino industry.
If you thought cannabis was big, esports may be even bigger.
And there is an even bigger trend emerging in the United States – the legalization of betting on professional sports.
Individual states, just as they are with legalization of marijuana, are moving to make sports betting legal.
That growth will spur sales and earnings growth across the industry. It will be particularly bullish for resorts that cater to esporting events and gaming companies with facilities suited to professional sports gambling.
From an investing standpoint, the most important factor is buying shares of companies operating in this exciting space at the right price.
Thankfully, the recent weakness in the market helps our cause in that regard.
These are the two best casino stocks you can buy before 2019…