I’m calling it:
The Big Tech FAANG stocks are dead…
And if you’re still holding them — or, even worse, trying to “buy the dip”…
You need to seek alternative investments.
Just a little over a year ago, in September 2021, Facebook stock (META) was worth $383 a share.
Today it’s trading for $89…
A 76% decline from its high.
The rest of the Big Tech movers aren’t doing much better…
- Apple is down 23% year-to-date…
- Amazon has fallen from a peak of $188 to $90 a share, a 52% loss…
- Netfllix has plummeted from a peak of $700 in November 2021 to $274, representing a 60% decline…
- And Google has dropped 43% since February.
Overall, the tech-heavy NASDAQ index is down 29% on the year…
And in my view, those FAANG stocks won’t trade near their 2021 highs again for at least a decade, with the exception of maybe Apple.
So… where should you be focusing instead?
I’d suggest following the moves of some of the most elite investors on the planet…
And I’m NOT talking about Buffett, Icahn, Lynch or anyone else you’re probably thinking of…
Click here now and I’ll give you the inside scoop…
To your wealth,
Ross Givens
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