Yesterday, tech stocks did something they had never done before since the launch of Covid-19 in March 2020: They entered the bear market.
Blog By: Sophie Wilson
Spooky stuff - but also fun stuff if you are a long-term investor.
The fact is that every bear market in U.S. history represents an opportunity to buy gold. And that is especially true of technology stocks. During each decline, technology is likely to rise by hundreds of percent over the next few years.
You may read the article “Tech Stocks Enter Bear Market” and worry about the state of the U.S. economy. But I read that article and found a super bullish - the opportunities from the markets right now are amazing.Trust me when I say they can plan for you for the rest of your life. You should know where to look.
Tech Innovation is a Current Crisis Solution
Although technology stocks are crumbling, next-generation technology products and services are a solution to the complex problems of the world.
Consider the increase in oil and gas prices. As a result of impending sanctions on Russia's exports, oil prices have recently reached an all-time high of 13 years, while the average national gas price is now more than $ 4 per liter. And consumers are feeling less and less. The cost of refueling is absurd these days, and your next heating charge promises to be even higher than what you have seen over the years, too.
Repairs - pivot in electric cars with renewable energy. In a world where your car and home do not need fuel, you are not immune to the rising costs.
Certainly, we do not reach that land unless we continue to push forward the development of solid state… or powerful solar panels perovskite… or the production of raw hydrogen. And that is why the current crisis will accelerate investment and development of these successful technologies. They are the solution to today's rising fuel prices.
However, stocks related to this new technology are being crushed. Buying an opportunity? You bet!
Or what about rising wheat prices (and thanks to economic sanctions in Russia)? That will make your grocery more expensive. But you should not ...
Power in Tech Stocks
We are in the early stages of using DNA synthesis to make certain foods without the need for wheat. On a scale, this can eliminate the global dependence on wheat for food. And in that land, rising wheat prices are not hurting the consumer.
Also, we strongly believe that the investment and development of DNA synthesis technology will only accelerate in the coming months. However, those stocks are being crushed in this market.
Buying an opportunity? Then again!
Let's talk about diamonds. Russia is a major exporter of diamonds in other countries. Those are about to leave the market, due to sanctions. Prices will go up. Suddenly, your child will be unable to pay for the engagement ring.
And to fix? Technology, of course - in particular, diamonds grown in the lab, as the name implies, are planted in labs, unlike those mined deep in the Earth. This is done using advanced technological techniques that mimic the conditions in which natural diamonds grow in the environment. With these repetitive processes, companies can create lab-grown diamonds with the same physical, chemical, and visual characteristics as their natural counterparts. As a result, they reflect the same fire, glow, and sparkle.
They were not really scientifically indistinguishable from natural diamonds - apart from the fact that they do not come from Russia, therefore, they will be much cheaper in this market.
And again, the investment and development of diamond growth technology in the lab will grow rapidly in the coming months. And the stocks of diamond labs are crushed. It is another… guess… purchase opportunity.
There Are So Many 10X Opportunities In Technology Shares Today
For all boards, innovation is the key to solving all of the world's current problems. And yet all the stocks associated with that new technology are being crushed today.
The result is a sea full of 10X potential investment opportunities in technology stocks.
There is one company, for example, that is transforming the housing industry with a new revolutionary approach to buying and selling homes. And its stock has been demolished. From the current levels, our models suggest that it could rise significantly beyond 10X in the next few years alone.
There is another one that works on the "permanent battery" technology that will redefine the electric car and the renewable energy industry. Its stock, too, has been crushed - leaving our models predicting more than 10X power in that name.
And there is another, the banking system that will replace Wells Fargo (NYSE: WFC) and Bank of America (NYSE: BAC). Its stock was destroyed. From the current levels, we think it has more than 10X power.
Everywhere you look today, the tide of protectionist sentiment is flowing.
Take the Slow Road
When stocks go down, it is easy to use, hide and want to pay into a savings account.
But no one has ever been rich enough to take the easy way out.
As someone who has successfully identified more than 20 10X investment opportunities before I turned 26, the low resistance approach is often the lowest return option.
The corollary, it is true, is that the way most opposition - few dare to take it - is one where you can make a lot of money in the market.
Right now there is a fork in the street, and you have a choice. You can choose the easy way and make 5% or less of the annual return on stock options, or you can choose the hard way and put yourself in a position to make 10X-plus returns in the next few years.
