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Every company is a tech company.
We came to realize this on Aug. 1, when the four most valuable companies in the Standard & Poor's 500, for the first time ever, were all "pure" technology companies.
That was the birth of the Singularity Era – with overlapping "rings" of technology, such as the cloud, mobile, chips, sensors, and software, all interconnected.
We also believe here that the Road to Wealth Is Paved by Tech. And over the past few years, we've used dozens of tech stocks to build our wealth.
Add those two "belief systems" together – and you might think you could blindly invest in the tech sector… and make your fortune.
While I fully expect a strong rally for tech in the year ahead, we still need to select the best tech stocks in order to build true wealth.
That's our No. 1 job here, in fact: identifying the best tech stocks and funds – and then "playing" them correctly.
Job No. 2?
That's knowing which investments to avoid – the kind that Wall Street touts to you… with promises of getting rich quick… and that then rob you blind.
I've got four of these "Tech Turkeys" today.
Before we check out these "turkeys," remember that this is an exciting time to be a tech investor.
Like we discussed last week, President-elect Donald Trump promises to shake things up in Washington by cutting red tape and bringing some $2.4 trillion in overseas cash back home. Trump also has a goal of expanding GDP by 4% a year, or 66% faster than over the last eight years.
And to take advantage of the new pro-growth realm in the White House, last week I also shared with you three Tech Wealth Gems to get started with in 2017.
So while I'm okay with Washington – for now – Wall Street has me worried. See, I know the "experts" there will be trying to convince you that some of these stocks that we're discussing today are "on the rebound."
Don't believe it.
To make money in the long run you have to follow Rule No. 2 and "Separate the Signals from the Noise" – and ignore Wall Street's hype machine.
To help you make sense of it all, I've compiled a list of four "turnaround" stocks likely to get a lot of buzz in the months ahead.
Ignore that buzz…
And these Tech Turkeys.
Tech Turkey No. 1: Toshiba
I can tell you why you should avoid Toshiba Corp. (OTCMKTS: TOSYY) for 2017 in just one word – credibility.
Over roughly the last two years, Toshiba has tried hard to restructure operations to improve profits. Nothing to date has worked.
Not only that, but the company early last year had to take a $1.3 billion write-down after an accounting scandal. At the time, management at the Japanese electronics giant sounded upbeat, saying that the worst was …
About the Author
Michael A. Robinson is one of the top financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a prescient look at the anatomy of the nation's S&L crisis, long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style. His 30-year track record as a leading tech analyst has garnered him rave reviews, too. Today he is the editor of the monthly tech investing newsletter Nova-X Report as well as Radical Technology Profits, where he covers truly radical technologies – ones that have the power to sweep across the globe and change the very fabric of our lives – and profit opportunities they give rise to. He also explores "what's next" in the tech investing world at Strategic Tech Investor.