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What investment strategy should you adopt for 2025 and which companies should you focus on in the coming year? Is it worth investing in discounted companies from the WSE, or is it better to focus on dynamically growing shares from the S&P500? Which Polish companies may have the greatest growth potential in 2025? We discuss these issues in the latest episode of the podcast with Mateusz Krupa, equity market strategist at mBank. How will Donald Trump's rise to power affect financial markets? Will his presidency in 2025 mean an escalation of the trade war? Why could Germany become the biggest "whipping boy" for the American president? We also discuss whether the war in Ukraine will actually end in the coming year and what the consequences will be for Polish companies. Mateusz Krupa, together with the mBank brokerage house team, has prepared a detailed investment strategy for 2025, which we discuss during the conversation. We also discuss the 22 companies recommended in their top picks portfolio for 2025 and summarize the results of investment choices for the past 2024. 00:01:20 – Strategy summary for 2024 00:03:30 – Rates of return on the mBank top picks portfolio 2024 00:06:00 – Investment strategy for 2025 00:12:00 – The war in Ukraine and financial markets 00:17:00 – Prospects for state-owned companies 00:20:30 – Prospects for the banking sector 00:23:00 – Prospects for WIG and GPW vs. S&P500 and Wall Street 00:25:00 – 22 companies for 2025 from mBank