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.
I often felt like the lone voice in the crowd when I would remind you that the road to wealth is paved with tech.
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 there's much more to come.
And this stock is the perfect start to building your tech fortune…
A New Frontier in Tech
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 WSJ'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 sell-off myth was on Fox Business Network back on Nov. 21, 2013.
I told host Stuart Varney in no uncertain terms that tech would lead the market for years to come. (You can access that clip by simply clicking here.)
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.
That's why tech is even more lucrative today than it has been in the past. It's an unstoppable force and the greatest source of wealth the world has ever seen.
How One Company Can Help Build Your Fortune
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.