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Today is a good day to remind ourselves that we should always be in the stock market (especially tech stocks).
The markets remain the single best place to tap into the ongoing innovations in technology and the relentless growth that they create. And there are strategies we have at our disposal that we can use to safely capture some of that growth – and the wealth we all desire.
Today we're going to head to the heart of the global auto industry to use Rule No. 3 – "Ride the unstoppable trends."
And once we arrive at our destination, I'll show you the best way to profit from the technology that is fueling the ongoing auto sales boom…
Forget the Motor City
I hope you don't still think of the Motor City as the home base of the global auto industry.
I sure don't.
As a former auto analyst who was based in Detroit in the early 1980s – and as a longtime "GM guy" – it hurts to say that.
And it's not in Japan or Germany or South Korea, either.
The U.S. auto industry has closed the books for 2014, and it was a boom year. Automakers reported their strongest U.S. sales since 2006. Collectively, they sold 16.5 million cars, up 5.9% from 2013.
And the advanced technology embedded in today's vehicles is among the biggest driver for sales of new cars and trucks. With the average car on the road at 11.4 years old, many folks are feeling a bit of "backup camera envy" – and they're heading to their local dealers with open checkbooks.
Cars and trucks are running better and lasting longer than ever before, and so automakers find themselves with a marketing challenge. And car manufacturers are getting us to buy more often by adding Wi-Fi-connected infotainment units, in-dash GPS navigation systems, and backup cameras.
Essentially, they've turned their vehicles into $30,000 gadgets, "smart cars" that consumers will feel the need to upgrade more regularly than every decade or so – making this an unstoppable trend.
And that makes Silicon Valley the real capital of the global auto industry.
About the Author
Michael A. Robinson is a 35-year Silicon Valley veteran and one of the top technology financial analysts working today. He regularly delivers winning trade recommendations to the Members of his monthly tech investing newsletter, Nova-X Report, and small-cap tech service, Radical Technology Profits. In the past two years alone, his subscribers have seen over 100 double- and triple-digit gains from his recommendations.
As a consultant, senior adviser, and board member for Silicon Valley venture capital firms, Michael enjoys privileged access to pioneering CEOs and high-profile industry insiders. In fact, he was one of five people involved in early meetings for the $160 billion "cloud" computing phenomenon. And he was there as Lee Iacocca and Roger Smith, the CEOs of Chrysler and GM, led the robotics revolution that saved the U.S. automotive industry.
In addition to being a regular guest and panelist on CNBC and Fox Business Network, Michael is also a Pulitzer Prize-nominated writer and reporter. His first book, "Overdrawn: The Bailout of American Savings" warned people about the coming financial collapse - years before "bailout" became a household word.
You can follow Michael's tech insight and product updates for free with his Strategic Tech Investor newsletter.