Imagine it's Jan. 1, 2000, and you're admiring the massive piles of cash you made with astute tech investments since 1990.
You got rich from Cisco Systems Inc. (NASDAQ: CSCO) and JDS Uniphase. You bought shares in the first public incarnation of Dell. You had positions in companies like SDL and Netscape and made a bundle when those companies sold.
There were dozens of outstanding stocks that turned ordinary investors into millionaires or even billionaires. You owned 'em, and you're one of 'em.
Still, there was one that got away... the decade's most successful tech company - one that dominated the market for years as far back as the 1980s.
I mean Microsoft Corp. (NASDAQ: MSFT), of course.
No matter how well you did during the PC and technology boom, you'd have done much better if you'd had some Microsoft in your portfolio all the while.
Well, the cannabis sector of 2019 today looks much like that 1990s tech boom.
About the Author
Greg Miller started working on Wall Street in September, 1987, just a month before the “Black Monday” stock market crash.
During his career there, he became an expert in just about every kind of publicly traded security - from blue-chip and small-cap stocks to municipals, junk bonds, and derivatives. As a portfolio manager, Greg was responsible for over $500 million of assets in mutual funds and insurance company accounts.
After leaving the Street, he designed a successful options trading strategy and made lucrative tech investments for a financial publication. He has also helped develop new products and worked with other editors to hone their strategies. He’s always been dedicated to deep, fundamental research - and he always will be - because he believes buying the very best companies at the right price is the best way to amass wealth in the stock market.