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News broke Wednesday night as America slept that certain Apple Inc. (Nasdaq: AAPL) suppliers in Taiwan may be experiencing as much as a 50% drop in parts orders related to Apple's latest phones.
Shares promptly went off a cliff – or at least that's the perception being created in the mainstream media.
In reality, shares are down a mere 2.5% as I type.
That's a drop in the bucket considering that the company has generated more profits for investors than any other American company, according to Professor Hendrik Bessembinder of the W.P. Carey School of Business at Arizona State University.
Somewhere in the neighborhood of $1 trillion as of 2016… more now.
Here's my thinking on how to play the situation and why…
- Short-term, knee-jerk pullbacks can often be buying opportunities – especially for companies like Apple, where the business case remains solid and the pullback is only driven by media hype, as opposed to the longer-term Unstoppable Trends and "must-have" nature of the companies we prefer.
- Apple is no longer a device-driven company. Instead, it's the ecosphere that'll fuel another trillion dollars in growth as it pivots into a new business model most investors don't yet understand, let alone recognize.
- Owning Apple stock is just one way to secure your profits from the Cupertino giant's upcoming move. Another way – and one that can be completely tax-free – is to "enroll" yourself in 26(f) programs. My team and I compiled a list of 10 programs that we think will serve our readers best, but one in particular lets you tap into Apple, Alphabet, Amazon, and other tech giants – all in one fell swoop. If you're an American taxpayer, you're able to participate. Learn more here.
To get Keith's latest recommendations as soon as they're published, check out his Total Wealth newsletter. There Keith explores the keys to profiting in any situation – must-have companies in the six "Unstoppable Trends" backed by trillions of dollars that neither the government nor Wall Street can hijack. Anyone keyed into these trends can beat the market – especially with Keith as your guide. Click here to get Total Wealth yourself. It's absolutely free.
The post The Beginning of a Correction… or Another Buying Opportunity? appeared first on Total Wealth.
About the Author
Keith Fitz-Gerald has been the Chief Investment Strategist for the Money Morning team since 2007. He's a seasoned market analyst with decades of experience, and a highly accurate track record. Keith regularly travels the world in search of investment opportunities others don't yet see or understand. In addition to heading The Money Map Report, Keith runs High Velocity Profits, which aims to get in, target gains, and get out clean. In his weekly Total Wealth, Keith has broken down his 30-plus years of success into three parts: Trends, Risk Assessment, and Tactics – meaning the exact techniques for making money. Sign up is free at totalwealthresearch.com.