By Matt McCallFeb 04, 2020
Finding the next Amazon (AMZN) is pretty much the dream for any investor who’d like to see massive growth. And that’s exactly what we’ll be aiming for in the new Microcap Millionaire Project I’m kicking off at 7 p.m. ET tomorrow.
Many companies have tried to go up against Amazon and failed. Others tried to be the next Netflix (NFLX)… and failed. Remember Ask Jeeves or AltaVista? Well, today there’s only one Google (GOOGL).
You get the picture.
I still love tech stocks. They are driving a new revolution that is changing our world, and I’m just as excited to recommend them today – well, certain ones – as I would have been 20 or 30 years ago.
The massive productivity increase enabled by new technologies of the 1990s was like a huge shot of adrenaline to the economy. Right now, there’s a similar, absolutely stunning set of innovations converging to make us even more productive – from 5G to the Internet of Things (IoT) to blockchain to artificial intelligence and more.
Here’s the key: The company’s technology has to be clearly better – or at least cheaper – than its peers’.
It sounds simple… but it’s also very important. We don’t want to risk our investment capital on a company that doesn’t make a product or service that’s better. Sooner or later, it’ll crash and burn. Instead, we’ll go into a company that clearly makes a more efficient and better product that improves the lives of their customers – because that’s how you make money.
After all, when the company makes money, we make money as investors. And if you time that buy properly, you can really hit it out of the ballpark! Let me give you an example.
In 2009, I appeared on Fox Business, and when they asked me for good stocks you could buy for less than $20, one company I named was Advanced Micro Devices (AMD).
Of course, people were laughing at me (as they sometimes do… at first) – because who’s buying a chip stock when the market’s hitting a multi-year low?
Well, Advanced Micro Devices wasn’t just “a chip stock.” It was a leading company in the industry, making components of the Sony Playstation and all sorts of devices. You might well be reading this on something that uses an Advanced Micro Devices chip. It’s a better product that makes all these other tech advances that we keep seeing, year after year, go more smoothly.
And, believe it or not, AMD is up 1,750% since then:
It just goes to show that even when the market is going haywire, you should never be afraid to buy – as long as it’s a superior company, and you’re buying with conviction.
And, if you want the biggest bang for your buck – the potentially life-changing gains – you have to buy early.
Now, Advanced Micro Devices isn’t exactly a small cap anymore: It’s got a market cap of nearly $58 billion.
And still today, it’s a top performer when you compare to its large-cap peers. Take a look at my chart of the best stock gains in 2019:
With a 148% annual gain, AMD was the best stock in the S&P 500 and the Nasdaq 100. Not bad.
But take a look at the even BETTER returns listed above it. The stock ranked #11, Hebron Technology (HEBT), still had a gain 4X that. The #1 stock beat AMD by 24X. Incredible.
That’s why, if you want to maximize your stock gains, you want the type of early stage companies we’ll target in the Microcap Millionaire Project.
I look forward to speaking with you tomorrow, at 7 p.m. ET.
Click here to listen to Matt McCall’s MoneyLine podcast! This week, Matt discusses Amazon’s (AMZN) ascent to the $1 trillion value milestone. What does its rise tell us about investing and, more importantly, how do we find the next Amazon? Matt also dives into the upside potential of microcap stocks and unveils a new portfolio aimed at the smallest stocks in the market.
You can subscribe to this podcast on iTunes, Stitcher, Spotify, or wherever you listen to podcasts.
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