When Napoleon ruled France in the early 1800s, California was a wild frontier region – home to just a handful of pioneers.
But last year, California overtook once-mighty France in the rankings of the world’s largest economies, coming in at sixth place.
The International Monetary Fund says California’s GDP is worth roughly $2.5 trillion, buoyed by agriculture, tourism, aerospace, and, of course, Silicon Valley and high tech.
The vast scale of economic opportunity in the Golden State is incredibly important for another big reason. That huge GDP will help serve as a key “trigger” – or catalyst – in the breakout legal cannabis.
Starting Jan. 2, California is all set to make recreational use of marijuana for adults fully legal. Simply stated, we’ve never seen anything this big happen in the legal cannabis industry.
That’s why I’m headed south to Anaheim this week to attend the California Cannabis Business Conference later this week, where some 350 firms will be represented.
To give you the inside edge, I’ve spoken with the group’s leaders.
Today I’ll be share their insights with you.
They foresee a more than $20 billion impact in just the next four years alone.
Since about midyear, every morning I open my email box after eating breakfast and settling down at my desk.
And each and every morning that inbox is filled with “big opportunities.”
No I’m not talking about notes from Nigerian princes or offers to refinance my home. My spam filter catches just about all of those.
These notes come in from washed-up boxers, former beauty queens, aging reality-TV stars, and other bottom-rung celebrities – and they’re all pitching chances to “invest” in the latest initial coin offering(ICO). (Yes, I purposefully used “scare quotes” there.)
I’m sure your inboxes’ are filled with similar garbage – or maybe it comes through your kids’ social-media accounts.
Either way, I can’t wait till this fad dies down some.
Now, don’t get me wrong. I’m not saying you can’t make money on ICOs. After all, they are based on digital currencies like Bitcoin – our “Gold of Tech” portfolio insurance. I’ve been immersed in Bitcoin virtually since it launched, and I remain a big backer of.it, no matter what Jamie Dimon says.
The reason I want to talk to you about ICOs today is to make sure you understand what they are – and to make sure you don’t get taken for a ride.
With that in mind, I’m going to show you the one thing you should do before investing in any ICO.
Western Digital’s late bid on Toshiba’s chip unit complicates the already troubled former electronics giant just ahead of a key shareholders’ meeting. Even with a sale, Toshiba might not remain solvent into 2019. Its operations, turnaround plan, and very identity going forward remain unconvincing.
Apple Inc.(Nasdaq: AAPL) will generate a lot of headlines later today.
That’s because the company is unveiling the new iPhone 8 – and probably more – during an event at the new Steve Jobs Theater on Apple’s Silicon Valley campus. The company is hoping that its new devices will help it reverse six straight quarters of sales declines in China. The event is scheduled for 1 p.m. EDT.
That’s big news – for Apple and its shareholders… for iPhone suppliers and their shareholders… for Apple’s competitors and their shareholders… and for the “tech news industrial complex” that depends on Apple for clicks and page views.
This was supposed to be a bad year for Chinese tech stocks.
A very bad year.
After all, President Donald Trump took office in January after months of criticizing China’s trade policies. And since then, he’s been heard screaming for tariffs.
So it’s no surprise that the know-nothings on Wall Street and in the establishment media continue to warn of a trade war with the world’s most populous nation. (After all, that’s where tariffs would put us.)
However, both the media and the Street both are missing a key fundamental driving China’s economy – internal growth, especially on the internet, untouched by trade.
It’s a sector that must be in your portfolio.
And I’ve dug up a way for you to get into the Chinese web sector – with very little risk to your portfolio.
So far in 2017, it’s demolished the S&P 500 by more than sixfold.
Jara Herron, the owner of a salon and day spa in Tulsa, Okla., had just given birth to her seventh child about six years ago when she suddenly felt her chest getting tighter.
When she got to the hospital, Herron learned she was having a heart attack. Her organs soon began to fail, so doctors put her into a medical coma.
Because Herron was not a candidate for a heart transplant, her doctors instead turned to the world’s smallest heart pump, one that can be inserted with a noninvasive catheter. That heart pump saved Herron’s life.
And it’s done the same thing for thousands of other patients around the United States.
But that’s far from the only thing this innovative heart pump has done.
It’s also helped hand investors 569% gains.
Its maker is a cutting-edge medtech firm with deep expertise with heart patients.
Those big gains are just a start for this life sciences leader.
You can make a lot of money in high-tech initial public offerings (IPOs).
And so have my members – plenty of times.
But you must follow Your Tech Wealth Blueprint’s second rule for grabbing massive tech profits – Separate the Signals From “The Noise” – and avoid Wall Street’s hype machine.
To see what I mean, let’s put the recent IPO from the photo-centric social network and messaging service Snap Inc. (Nasdaq: SNAP) under our microscope.
When Snap began trading March 2, it was the most hyped tech IPO of the past few years. Investors were told they were crazy if they didn’t get in on the action of a hot young firm with 161 million daily users and $405 million in 2016 sales.
You can bet that Morgan Stanley, the investment bank that underwrote the IPO, stood to bank millions in fees.
Fair enough. That’s how investment banks and IPOs work.
But four months after making all that money, the sharks at Morgan Stanley pulled the rug out from under Snap investors, costing them a combined $3 billion.
Snap shares are now down 45% from their IPO price.
But you can avoid all that – and still make a ton of money on IPOs.