It’s been 15 months since I started the Glassmind 5Y Investment Portfolio.
My conviction in the predictions have only grown stronger. I wanted to share my updated thinking on each and even add a one new idea.
Investment theses & vehicles
- Monetary debasement: Governments will continue to run deficits & inflate money to fund them
- Bitcoin
- Gold
- World Index ETF
- Growing energy demand: Global demand for energy will grow, and nations will want energy independence
- Solar & Clean Energy ETFs
- Nuclear ETFs + Rolls Royce
- Multipolar geopolitics: International trade happening outside the USD system will increase
- European Defence ETFs
- Gold
- Compute driven innovation: Computers will continue to become more capable at solving human problems
- QQQ Tech ETFs + Individual Picks
- Quantum ETFs
- (NEW) Aging population: The west is growing old and will change where they live and how they spend
- Genomics & Precision Healthcare ETFs
- Aging Population ETFs
Post Q4 Trades – This is what the allocation looks like in the model portfolio. Latest update can be found here.
Investment Vehicles
1. Monetary Debasement
Given an environment of persistent government deficits and monetary expansion, assets that benefit from inflation or serve as hedges against fiat devaluation will be key.
Bitcoin: Fixed supply capital asset with increasing global access and recognition.
- Current Price: $89,000
- 2030 Price Target: $285,000 – 30% Expected annualized return
- Ways to hold:
- Spot BTC in Multi-sig cold storage: Buy on Coinbase, Gemini or Kraken and transfer to Unchained / Bitkey multi signature wallet for storage.
- If you have room in your tax advantaged account, choose Bitwise Bitcoin ETP (BTC3 in the UK or BITB in the US): Low cost ETF (TER 0.05% for now) with crypto native leadership, transparent reporting with proof of reseves.
Gold: Incumbent hedge against inflation used by central banks.
- Current Price (1oz): $4480
- 2030 Price Target: $7050 – 12% Expected annualized return
- Ways to hold:
World Index: People see their Vanguard SNP basket as their savings account, this is the new hurdle rate.
- Current Price (VHVG): £100
- 2030 Price Target: £146 – 10% Expected annualized return
- Ways to hold:
2. Growing Energy Demand
Abundant energy is within reach for humanity. AI is driving in the short term, but that’s just the tip of the iceberg. In order for European industry to stay competitive in a world of robotic manufacturing, energy costs need to collapse.
Nuclear power plants will take on a base load, with solar and other renewables taking on the variable requirement. These two technologies can provide any nation energy independence.
- Blended exposure to assets below – 15% Expected annualized return
- Ways to hold
- Invesco Solar Energy ETF (RAYS in the UK) and (TAN in the US)
- iShares Global Clean Energy ETF (INRG in the UK) and (ICLN in the US)
- VanEck Uranium and Nuclear Tech ETF (NUCG in the UK) and (NLR in the US)
- WisdomTree Uranium and Nuclear ETF (NCLR in the UK)
- Rolls Royce (RR) pioneer in next-gen reactor technology with government contracts
3. Multi-polar Geopolitics
US military and economic dominance has been uncontested for the last 3 decades. And it will likely stay that way for the next 2. However, after the extended wars in Afganistan and Iraq, with nothing to show for them – the appetite for military action in far reaching regions is low.
This means that regional powers will emerge and arm themselves. The big spender – Europe. Other big spenders outside of US and China will be India, Japan, Saudi Arabia, and Turkey.
Blended exposure to assets below – 12% Expected annualized return
4. Compute driven innovation
Tech continues to solve more complex problems. With AI and Quantum, we will continue to see this trend accelerate.
Blended exposure to assets below – 15% Expected annualized return
- Big tech – AI and data demands are surging. Big tech exposure captures dominant players delivering strong returns through AI infrastructure leadership.
- Invesco Nasdaq-100 (EQQQ)
- Quantum computing – Early access to revolutionary breakthroughs in computation for complex problems, especially around drug discovery and model simulation.
- Block (XYZ) – Fintech innovation with AI-integrated payments and crypto ecosystems
- Galaxy (GLXY) – Compute power with blockchain and digital assets
5. Aging population
Globally, the population aged 60 and over is projected to surge from 1.1 billion in 2023 to 1.4 billion by 2030, with those 80 and older tripling to 426 million by 2050, creating immense demand for healthcare, elder care, and assistive technologies. This “silver economy” already wields $35 trillion in economic power, expected to balloon to $95 trillion by 2050, fueling growth in sectors like senior housing, and AI-driven elderly care, forecasted to expand from $47.4 billion in 2024 to $322.4 billion by 2034 at a 21.2% CAGR.
Blended exposure to assets below – 15% Expected annualized return
- Ways to hold:
- Global X Aging Population ETF (AGNG): Broad, diversified exposure to global companies enhancing senior lives through healthcare, pharma, and non-medical services like senior housing.
- iShares Aging Population ETF (AGES in the UK) and (AGED in the US): Optimized tracking of aging-themed companies with a focus on long-term demographic tailwinds and exclusion of controversial sectors
- ARK Genomic Revolution ETF (ARKG): Actively managed, high-conviction portfolio targeting disruptive genomics innovators for potentially outsized returns amid rapid biotech breakthroughs.
- iShares Genomic ETF (IDNA): Passive, globally diversified exposure across the full genomics and immuno-biopharma value chain, emphasizing stability with established firms.
Full list and allocation (EOY 2025)
You can see the latest trades and quarterly update here. Below you can find the end result.
As we close out 2025, my conviction in these five interlocking theses – monetary debasement, surging energy demand, multipolar geopolitics, compute-driven breakthroughs, and the unstoppable rise of the silver economy has only deepened amid persistent deficits, AI-fueled power hunger, regional rearmament, quantum leaps, and a booming $35 trillion aging market. This diversified portfolio, blending hard assets like Bitcoin and gold with forward-looking ETFs in energy, defense, tech, and healthcare, positions us to potentially capture ~20% annualized returns while hedging against inflation, wars, and demographic shifts. The next five years aren’t just about survival—they’re about thriving in a world remade by these inexorable forces.