On Tuesday, I showed you that tech is one of the very best places to find great dividends.
Here’s the thing; These are not your traditional dividend payers from years gone by. They’re an example of a new trend that we’re seeing in action right now.
I still firmly believe that the road to wealth is paid with tech.
Not with staid dividend stocks, but with bona fide growth leaders. See, even ten years ago tech darlings put all their money into growing faster, leaving nothing to pay a dividend with.
Today’s tech world looks very different.
It’s all because of the digital economy. This new dynamic has created earnings giants that make so much cash, they can easily invest in the next round of growth – and still pay a nice dividend to shareholders.
You may recall that in our last chat, I showed you three tech stocks that offered appreciation and yield.
Today, I want to follow up with the flip side of this investing coin.
Just two weeks ago, a deal was struck that has the potential to totally reshape a key tech sector. The most important tech company that nobody has ever heard of is joining forces with one of the fastest growing firms in the sector.
To get an idea of just how important this unknown player is, you probably use their tech every day before you even have breakfast in the device you use to set your alarm, and the internet router you use to check the morning news.
The brand defining devices made by Apple Inc. (AAPL) all rely on this company’s tech. That’s why this deal is going to change the entire tech sector.
How the tech works is complicated, but how they can make you money isn’t.
COVID-19 has proven what I’ve been seeing for the past decade: the entire economy is the tech economy. You may not think that retailers like Walmart Inc. (WMT) and Target Inc. (TGT) are tech companies, but they have been boosting their revenue this past quarter on the back of multiplying e-commerce sales. It just goes to show that not only do leading tech innovators drive growth in the market, but any company, no matter what they do, can give themselves a much-needed edge by keeping up with the times. Add in the fact that growth investors, largely fueled by tech, have made more money in ten years than value investors have in thirty, and its plain to see that the road to wealth is paved with tech. There are plenty of opportunities approaching in the era of all things digital. Click to watch!
Several high-profile Wall Street personalities have drawn attention lately for investing in Bitcoin – most notably billionaire hedge fund manager Paul Tudor Jones.
But one investing legend was buying Bitcoin years before it became fashionable: Veteran fund manager Bill Miller.
Miller built his reputation as co-manager of Legg Mason’s Capital Management Value Trust fund in the 1990s and the early 2000s. His best-known achievement was beating the S&P 500 for 15 years straight, from 1991 to 2005.
When Miller first bought Bitcoin way back in 2014, it caught many by surprise. While his definition of “value” was broader than most – he was buying tech stocks like America Online and Dell Computer in the early 1990s – cryptocurrency was literally in a class by itself.
Many investing experts in 2014 were deriding Bitcoin as a “Ponzi scheme” devoid of any real value. Warren Buffett called it a “mirage.” Predictions Bitcoin would go to zero were common.