Make This Investment a Priority in 2024

I often find myself conflicted when it comes to technology. On one hand, I find it increasingly disruptive — and not always in a good way. For example, this Thanksgiving, my wife and I went out for dinner. And rather than converse pleasantly with our server while they jotted down our order, they simply pulled […] You're receiving this email as part of your subscription to Michael Robinson’s Trend Trader Daily [Unsubscribe](. [Trend Trader Daily] Make This Investment a Priority in 2024 December 01, 2023 I often find myself conflicted when it comes to technology. On one hand, I find it increasingly disruptive — and not always in a good way. For example, this Thanksgiving, my wife and I went out for dinner. And rather than converse pleasantly with our server while they jotted down our order, they simply pulled out a handheld tablet, and entered our selections into a device that was connected wirelessly to the kitchen. Admittedly, it made me long for the days of good old human interaction. On the other hand, though, I can’t be too upset at technology. After all, it’s helped my investment portfolio grow tremendously over the years... And today, I want to explain how it can help yours grow, too. Talkin’ Tech To set the stage, let me explain why I’m “talkin’ tech” today. You see, in addition to my work with Trend Trader Daily, I occasionally get dressed up and appear on financial television programs to give insights into all things technology. And recently, I appeared on the Schwab Network’s streaming financial show, “The Watch List.” During my appearance, I discussed the impressive performance of a handful of tech giants, a group increasingly being referred to as “The Magnificent Seven.” (By the way, if you want to hear what I had to say, simply [click here]( or on the photo above.) You’ve undoubtedly heard of these seven companies. They are Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOGL), Nvidia (NVDA), Meta (META), and Tesla (TSLA). Last week, the Financial Times reported that hedge funds lost a combined $43 billion betting against the stock-market rally that began in earnest about a month ago. Why? I’m not entirely sure. Because leading the charge were none other than technology stocks, including The Magnificent Seven... Tech is Bigger Than Ever And that’s a key point I want to stress. Technology has become a main driver in both the U.S. and global economy — if for no other reason than the fact that nearly everything has become a technological experience (including, evidently, Thanksgiving dinner). While we’ll surely see downturns along the way in this industry, I fervently believe that tech will dominate investing, not only in the short-term, but for years to come. There are always breakthroughs in massive sectors including manufacturing, transportation, biotech, defense, and even retail. And as these breakthroughs emerge, there will undoubtedly be profits to be claimed by those who knew when and how to invest. Which brings me to my investment idea for today. You see, I want to capture as much of technology’s potential as I can without having to meticulously invest in dozens, or even hundreds, of individual companies. That’s why I’ve got a better idea... A Top Priority for 2024 I’m focused on the Fidelity Nasdaq Composite Index ETF (ONEQ). I consider this a core investment... And if you don’t own it yet, it needs to be a top priority for 2024. This fund is a great way to own all the Magnificent Seven stocks, plus several leaders in fields like Artificial Intelligence (AI), medical technology, and retail. And by doing so, you’ll earn market-crushing returns in an ETF in which fund managers do all the heavy lifting. Essentially, this fund enables you to set a portion of your tech portfolio on autopilot. You don’t have to worry about ducking in and out of individual stocks or trying to time the market. Simply set it and forget it. What’s Inside This Fund ONEQ covers the broad global tech ecosystem, but it still has a focus in the most important region — the U.S., which remains the world leader in tech advances. U.S. stocks make up nearly 97% of the fund’s roughly 1,000 holdings. The fund is rooted in large-cap companies, but there are plenty of small- and mid-cap players in there, too. ONEQ’s top 10 holdings are a “who’s who” of leaders in mobile, web, computing, biotech, and e-commerce. Though the fund is focused primarily on technology, it also provides a good deal of diversification. High-tech accounts for nearly half of the fund’s allocation. But areas like consumer discretionary, communications services, and healthcare make up another 40% of its holdings. Notably, ONEQ is also a great way to leverage the exciting small- and micro-cap stocks without enduring the volatility that normally comes with these types of opportunities. A Market Crusher As I mentioned, this is a great stock to hold for both the short and long term. Over the last five years, the S&P is up about 65%. ONEQ, meanwhile, is up nearly 116%. I’ll continue to have a love-hate relationship with technology. But rest assured, I’ll enjoy watching this sector cushion my investment portfolio. Join me, won’t you? Cheers and Good Investing, [Michael Robinson] Michael Robinson Chief Investment Officer Trend Trader Daily   Copyright © Trend Trader Daily, All rights reserved. You signed up on []( Our mailing address is: Trend Trader Daily 1125 N. Charles Street Baltimore, Maryland 21201 [Update Subscription Preferences]( | [Unsubscribe from this list]( RISK NOTICE: All investing comes with risk. That includes the investments teased in this letter. You should never invest more than you can afford to lose. Please use this research for the purpose that it's intended — as research only. You should consult a professional financial advisor before ever taking a position in any securities you see herein. DISCLAIMERS: The work included in this communication is based on diverse sources including SEC filings, current events, interviews, corporate press releases, and information published on funding platforms, but the views we express and the conclusions we reach are our own. As such, this content may contain errors, and any investments described in this content should be made only after reviewing the filings and/or financial statements of the company, and only after consulting with your investment advisor. Actual results may differ significantly from the results described herein. Furthermore, nothing published by Trend Trader Daily, Inc should be considered personalized financial advice. 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