This step-by-step guide simplifies the complex world of high-tech stocks and helps you be ready for the next explosive trend.
How do you pick a stock and identify an opportunity? What are the cycles? How can you develop an investing strategy? What are the industries and how can you collect information on the companies you are researching?
There could be a rare opportunity for you to build new wealth. If you want to have a share in ownership in a company that produces rapidly advancing designs by using research and development combined with advanced thinking to produce new products, this is your roadmap to being a part of the latest advances in chemistry, biology and computers.
The section on Internet mania shows how many Internet stocks have dropped as low as 90% from their one-time high. This industry is however still growing and does provide many investment opportunities. You will want to be aware of ponzi schemes and other scams. Small blocks of interesting information also pop up on various pages.
There is an interesting aspect of Beethoven's life which alludes to a modern invention. You just never know where we are headed, but the future of invention looks very exciting.
High technology stocks offer high potential and high risk. The book does a good job of telling you what those potentials and risks are, and pointing you towards places where you can get good information. Both authors are well-known authorities in the field.
One of the most useful elements in this book is the valuation method of price-to-growth-flow measurement. This method takes earnings per share and adds research-and-development per share. You then look at the multiples involved. As the book suggests, it is very important to buy these companies inexpensively because their valuations go up and down so much (often several times in the same year).
I heartily recommend this book to anyone who knows little about high tech investing and would like a good overview of the basics.
After you have finished the book, I do suggest that you take the time to establish and write down what your financial goals are and create a plan to accomplish them....