Biotech is also a major industry and it provides stability during the tech bust.
Tech is a get rich quick game. Biotech is slow and but Genetech and Gilead has done wonderfully.
If you are looking for a job, i would suggest tech over biotech. But for investment, biotech still provides a good long term return. Gilead is much better than intc, CSCO and goog
Now I see why you said you are better off sticking with real estateâŚ
[quote=âwuqijun, post:42, topic:2780, full:trueâ]
Now I see why you said you are better off sticking with real estateâŚ
[/quote]Not everybody is capable of identifying FAANNGT. Recalled only FAANNGT performs better than RE in SFBA since 1990s. All other stocks perform worse than S&P index and RE in SFBA.
This acronym is getting longer by the day!!! FANG --> FAANG --> FAAMG --> FAANGT and now FAANNGT.
I canât keep up!!!
IBB performs better than most of the tech stocks
IMO looking for a small or medium cap that will go 10x involves too much luck. Even if you think you find one, how big will you bet on it? Will you bet 1M? 500K? Chances are you wonât bet a significant amount and so it even if you were right it wonât change your net worth in a substantial way. The odds are against you and 9 out of 10 times you will be wrong anyway.
Itâs much more fruitful to bet big on established monopolies that will go 2x or 3x. Companies like Facebook, Amazon, Alibaba, Tencent are all on their way to 1T in market cap. You can tell because they have extremely wide moats on their own unique growing markets.
Suppose God told you these four will double in 3 years, but they may sink 50% before getting there, how do you take advantage of that information?
That to me is a far more interesting question to think about.
Remember, âFAANNGTâ. Out of those TSLA has the smallest market cap at 56B.
Bet 500K into Tesla. You will not regret it.
manch is sneaky, answering his fishing means you do have $500k to invest!
$10B market cap to $1T market cap is 100x, you only need $10k to make $1 mil 
, $300k to bring you to top 0.1%. For $1B market cap, only need $30k 
Tesla dinesât have monopoly on anything. All it has is Elonâs cult following.
It may do well. I wish it does. But I donât understand it so itâs not for me.
Câmon, we all have 500k to invest.
You need to be the equivalent of young Warren Buffett finding Geico. It can be done. But I know my limits. I am not as clever, or lucky.
Then invest in the next smallest: NFLX is still small at 81B.
It doesnât have to be small. All I need is something going to double in 3 years. I am fine with Facebook.
Stay away from Google though.
If FB doubles TSLA/NFLX will quadruple.
If the world is dominated by robots made of liquid metal, LQMT is the best, only $250+ mil market cap. So only need to invest $7.5k to get to top 0.1% once LQMT is $1T market cap.
I think TSLA will reach 200B before AMZN reaches 1T thoughâŚ
5 year performances of TSLA vs NFLX vs AMZN:
TSLA getting to 200B will be a flashing bubble sign. I hope I will be wise enough to sell most if not all my stocks.
