Now it can finally be said – I was right and Wall Street and the media were dead wrong.
In fact, if you listened to those alleged experts, you would have left a lot of money on the table in this incredible bull market.
Here’s why I say that; for at least the last seven years, time and again we have seen the Street and the media suggest that a tech rout was at hand.
So, you can imagine my reaction when I saw a recent story in The Wall Street Journal that said tech stocks are on the verge of their best year since the bull market began in 2009.
But I believe that’s only a start.
Today, in the first of two parts, I’m going to reveal how you can become a millionaire from just a few tech stocks.
Or in the case of today’s example, just one – if you know where to look…
A New Frontier in Tech
Now then, over the last several months, we have seen repeated stories and Wall Street speculation of a regulatory crackdown on big tech. Add to that concerns about slowing global growth, and tech was supposedly headed for a meltdown.
That’s why the Journal’s Nov. 19 piece was so important. It proved that the opposite was true. As of that day, the S&P 500’s tech index had shown a 41% gain for the year so far. That compares with just 24% for the broader S&P itself.
Make no mistake, this is no one-year victory here for the lucrative field that is high tech.
Since the bull market began on March 9, 2009, the S&P is up roughly 270%. By contrast, the tech-centric Nasdaq Composite Index is up 488%, beating the broad market by nearly 81%.
Now you know why I get so frustrated when I go on national TV to defend tech against worries that a so-called “bubble” is at hand. I’ve been doing it for a long time now.
Indeed, the oldest clip I can find of me busting the tech selloff myth was on the Fox Business Network was back on Nov. 21, 2013.
I told host Stuart Varney in no uncertain terms that tech would lead the market for years to come.
How could I be so certain? Well, as someone who has knocked around Silicon Valley for more than 35 years, I knew we had entered into a whole new dynamic.
In the modern digital world, chips, software, cloud computing, artificial intelligence, servers, sensors, and machine learning have all become closely interrelated.
This is why tech is even more lucrative today that it has been in the past. It’s an unstoppable force that is the greatest source of wealth the world has ever seen.
How One Company Can Redefine Your Wealth
This new world of tech is so powerful that it can turn a company that many investors take for granted – Microsoft Corp. (NASDAQ: MSFT) – and turn into a bona fide cash machine.
I’ve been saying that here at Strategic Tech Investor, and I’m saying it again now.
In fact, I was one of the first analysts to say that, with a new CEO on hand, Microsoft was poised to break out and make savvy investors rich.
Since I first formally recommended the stock here back on June 30, 2014, It has increased in value by 258%.
That’s enough to turn $25,000 into $89,500. Yes, I know that’s not enough to retire on for more than a few weeks (or just a couple of days if you live in California like I do…LOL).
But, looking back to when the bull market began on March 9, 2009, the stock has gone up 796%. That’s enough to turn that same $25,000 into $224,000.
Three or four more stocks like that one is enough to turn someone into a millionaire in just a decade.
But go back another 15 years, and the results become astounding. I’m talking about gains of 4,635%.
We’re talking serious cash – an amazing $1.2 million. That’s right folks, that’s how you become millionaire by buying just a single stock.
And don’t worry, I still see plenty of upside ahead.
That’s why I want you to check in with me again on Friday. I’ll be revealing why Microsoft is set to double once again.
In other words, I’ll be showing you why this storied leader is set to have a market cap larger than the GDPs of all but a handful of nations.
We’re talking $2 trillion. Join me on Friday to find out why I say that.
Source: Money Morning