7 Stocks that Work in the Great Resignation | Summary and Q&A

TL;DR

Millions of Americans have quit their jobs to join the gig economy, creating a new trend called the Great Resignation. This presents investment opportunities in companies that provide services for freelancers.

Key Insights

• 👯 The number of people quitting their jobs has reached record-breaking levels, driven by the appeal of freelancing and the gig economy.
• 🔬 Investing in companies that enable and support freelancers is a lucrative opportunity.
• 💐 Two ETFs, WFH and GIGE, provide broad exposure to the gig economy.
• ☠️ The valuation of gig economy stocks should be assessed considering their growth rates.
• 👨‍🔬 Conducting qualitative research by reaching out to users of gig economy platforms can provide valuable insights.
• 👀 Upwork, DocuSign, Monday.com, Zoom, and Fiverr are five gig economy stocks worth watching.

Transcript

hey bowtie nation joseph hogg here with possibly the biggest trend of the decade one every investor needs to get in front of more than 38 million americans have quit their job in the first 10 months of this year with a record-breaking 4.4 million in september alone they're calling it the great reservation the mass exodus of workers to become freela... Read More

Questions & Answers

Q: What is the Great Resignation and why is it happening?

The Great Resignation refers to the mass exodus of workers from traditional jobs to freelancing. It is driven by the desire for more control over work hours and earnings.

Q: How many job openings are there compared to the number of unemployed people?

Currently, there are 11 million job openings, while only 7.5 million people are unemployed and actively looking for work.

Q: What are the two exchange-traded funds (ETFs) mentioned in the content?

The derexi and work from home ETF (ticker: WFH) and the SoFi gig economy ETF (ticker: GIGE) are two ETFs that provide exposure to gig economy stocks.

Q: What are some advantages of investing in ETFs for exposure to the gig economy?

Investing in ETFs provides diversification across multiple gig economy stocks, reducing the risk associated with investing in individual companies. It also serves as a starting point for building a list of potential investments.

Q: Which factors should investors consider when analyzing gig economy stocks?

Investors should consider factors such as revenue growth, business models, market opportunities, subscription models, and user feedback to assess the potential of gig economy stocks.

Summary & Key Takeaways

• Over 38 million Americans have quit their jobs in 2021, with 4.4 million quitting in September alone.

• The rise of the gig economy has fueled this trend, with more than 59 million Americans freelancing this year.

• Investing in companies that support the gig economy is a lucrative opportunity, but valuing and choosing the right stocks is crucial.