That reminds me of Tobin Smiths' newsletter ad for ChangeWave Investing:
What do Bill Gates, Larry Ellison and Michael Dell all have in common?
Yeah, right -- they've all got enough money to buy most of the Caribbean. But what else? The answer, my friend, is as clear as the nose on your face.
These three guys -- and dozens more like them -- are all washed up.
Don't get me wrong -- or think I'm crazy. All the traditional tech kingpins, the guys who completely transformed the world we live in, still have nice businesses. They can buy and sell us 100-times over with their chump change.
But -- and this is critical to your future investing success -- when it comes to the latest "next big thing," the next huge transformations that will forever change the world AGAIN, these guys don't have a pulpit...they don't have the power...and they don't have a clue.
Please take this warning very, very seriously. If you don't heed it, it could cost you some serious money.
Investing in traditional tech stocks right now -- the kind almost everyone owns -- could be deadly to your financial well-being
You sure as heck don't want to own the QQQ. That's the exchange-traded Nasdaq index, heavily weighted to the Microsofts, Intels and Ciscos of the world. Companies that made folks millionaires in the 1990s, but companies that will leave you begging for mercy if you buy them now.
Yesterday's news
Back in the 1800s, things moved at a snail's pace. The Industrial Age brought unimagined changes in the early 1900s.
But today, things move 1,000-times as fast. And the heyday of corporations and entire industries is measured in years, not decades.
Take Information Technology, the leading edge of business development just a brief while ago. It's now just a commodity business. And owning commodity stocks is NOT the way to grow rich.
Think I'm kidding?
Intel's having a heck of a time. The magic word used to be "faster." Every time a new, faster microprocessor came out, buyers lined up to get the newest equipment.
Problem is, American business finally wised up. All the older computers have plenty of speed for the tasks 99.9% of us use them for. The recession was the tipping point. Corporate IT guys saw their budgets slashed -- and they're NOT coming back anytime soon.
In fact, our latest survey on Information Technology spending -- and remember, we get this guidance directly from the real players embedded in key industries -- shows a dramatic slowdown in IT spending each of the last two quarters.
Kiss whatever thought you had of a recovery in the old-time tech leaders goodbye. It AIN'T gonna happen. The Microsoft economy is DEAD!
I've been warning the ChangeWave family about this for some time now
And we've got a lot of money safely tucked away in high-income investments and a few market sectors where there really is GROWTH -- like energy, generic drugs and transformational healthcare.
Plus, we've got our high-growth dollars invested in technology companies that have growth curves reminiscent of the old guard when the Information Technology Age was young. We're gonna clean up
And if you want to see where we're making money right now, I invite you to join us.
But whatever you do, run -- don't walk -- away from traditional tech. If you need any more convincing, just look at Microsoft's desperation.
This summer old Softie announced a one-time cash dividend that dwarfs any other through the annals of time -- they're paying out more than $30 BILLION!
The company also announced plans to double its regular dividend and buy back another $30 billion of its own stock!
That should be good news for traditional tech, right? After all, everyone's been bellyaching about how big tech companies with hordes of cash need to share it with shareholders.
But the market didn't give a hoot. In fact, as traders have woken up to what this news REALLY means, they're punishing the old tech leaders with a vengeance!
Why?
Because here's what Microsoft's move REALLY mean: For the first time since the PC Age started, Bill Gates & Co. can get a better return on their money by sending out a dividend/buying back stock...than they can by investing in new businesses.
At ChangeWave, our research has been warning of the demise of Information Technology as a growth industry for 2 _ years now. It's a totally commoditized product now. And when it comes to these stocks, there's hell to pay.
This game is over, my friend. It was fun while it lasted, but if you think you're going to get rich on the back of the old tech ponies, you're out of your mind. And you're going to lose your shirt, as well.
Can you still make money in tech?
Of course you can -- we're not going back to the frigging dark ages! I'm going to share a couple incredible growth stories with you here today.
But you better not put all your eggs in that basket. And you better look past all the big names everyone in America is familiar with.
THAT'S THE PROBLEM! Once every one knows about companies like Intel, Microsoft and Nokia, the end is near. And today, it's not just near, IT'S HERE!!!
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