How 1 Tech Titan Turned Garbage Bags Into Billions

When there's a will… Published By Money & Markets, LLC. April 08, 2024 Published By Money & Markets, LLC. April 08, 2024 [Turn Your Images On] [Turn Your Images On] From The Desk of [Matt Clark, CMSA®]( Chief Research Analyst, [Money & Markets Daily]( How 1 Tech Titan Turned Garbage Bags Into Billions Money & Markets Daily, Imagine… You’re 12 years old, and you just saw a pair of shoes you have to have. The problem is … you’re 12. Your allowance isn’t enough to buy shoes that are more than $100. So you have three options: - Forget about the shoes. - Save up your allowance and hope the shoes are still there when you have enough money. - Find another way to make money so you can get the shoes faster. You love the shoes, so No. 1 isn’t happening. Your parents only give you $5 a week, so it will take you months to save up enough to buy those shoes. That leaves the third option … find a way to earn more money. This was the same decision one of the most well-known ["Tech Titans"]( faced growing up in a suburb of Pittsburgh, Pennsylvania. He parlayed that decision to build a fortune with billions investing in technology innovation. --------------------------------------------------------------- [Turn Your Images On]( [NVIDIA, AMD, and the Race for AI…]( NVIDIA is putting its AI tech into everything these days, including video games, movies, robots and even self-driving cars, and AMD has seen an astounding 9,162% gain in a little less than 10 years. Many experts believe we’re just entering the start of the AI boom. AI has been called the biggest new industry of the 21st century. Worth a staggering $80 trillion over the next ten years, and Chief Investment Strategist Adam O’Dell saw it coming a long time ago. Recently, Adam uncovered new research that shows a number of promising, high-quality AI stocks that could go on to SURGE in the coming years. [See the details now.]( --------------------------------------------------------------- Garbage Bags, Coins and … Technology? Our footwear aficionado decided the only way he would get the shoes he coveted was to sell a product that was always in demand. His choice … garbage bags. He went up and down his neighborhood selling garbage bags. It worked. He made enough profit from selling those bags to buy his dream shoes. But he also realized there was a way to earn even more money… Over the years, our budding entrepreneur sold stamps, coins and newspapers. He even sold disco dance lessons to sorority girls in college. He clearly had a knack for selling, which turned into his next opportunity. In 1982, he founded MicroSolutions, a computer consulting service. These were the days of the Commodore 64 and Apple Macintosh computers … far from the handheld devices we have now. In 1990, CompuServe offered to acquire his small business for $6 million. That deal made the Tech Titan his first million at the age of 32. By 1995, he got another big break in the burgeoning live-streaming industry. He and a friend from his college days invested in a company called Audionet. The premise of the company was broadcasting live college and professional sports over the internet. By 1998, the company rebranded itself as Broadcast.com and earned $13.5 million in quarterly revenue. The company later sold to Yahoo! for $5.7 billion in an all-stock deal in 1999. That deal made this Tech Titan millions. Not bad for someone who started by selling garbage bags to neighbors. --------------------------------------------------------------- [Turn Your Images On]( [$5 Million. 24 Years of Data. Beating the Market 300-to-1.]( Adam O’Dell has pulled out all the stops. In his most ambitious project ever, he has finally brought together the powerhouse force of AI … and fused it with his legendary ratings system. The result is a technology with the power to crush the market by 300 to 1 … turning $5,000 into $6.6 million. And Adam wants to put it in your hands. [Click here for the full details.]( --------------------------------------------------------------- This Tech Titan Wasn’t Done Broadcast.com was just the first of many deals that earned this Tech Titan a spot on Forbes’ list of “World’s Richest People”: - He invested $1.7 million in RedSwoosh, a file-sharing company, which Akamai acquired for $19 million two years later. - He funded the online blog network Weblogs Inc., which AOL later bought for between $20 million and $25 million. - He co-founded the first high-definition satellite television network, AXS TV, in 2003. - He’s also invested in everything from investigative websites and movie distribution to cryptocurrency … he even bought an entire town. Have you guessed who I'm talking about yet? The Tech Titan I speak of is none other than Mark Cuban. Of course, you may know Cuban better as a member of the panel on ABC's Shark Tank — where he’s invested around $20 million in various businesses — and as the former owner of the NBA's Dallas Mavericks. Cuban used his tech savvy to go from selling garbage bags into a fortune valued at $5.4 billion. Bottom line: Cuban and other Tech Titans like him can spot a need for revolutionary technology and turn that need into billion-dollar fortunes. It’s why investors big and small follow Cuban and other tech visionaries. Our chief investment strategist, Adam O’Dell, identified another Tech Titan who has a track record of turning small companies with one big idea into massive technology powerhouses. This Tech Titan founded an artificial intelligence (AI) company that serves major government entities, such as the U.S. Army, the Department of Health and Human Services and the U.S. Special Operations Command. The company leverages AI to help make the right decision … quicker than ever thought possible. And this company is set up to take a massive slice of the AI market — a market that is set to be worth trillions in the coming years. The time is now to buy into this revolutionary company. To find out more, make sure you [watch Adam’s presentation now.]( Until next time… Safe trading, [Matt Clark, CMSA®]( Chief Research Analyst, [Money & Markets Daily]( --------------------------------------------------------------- [Turn Your Images On] Why Unemployment Forecasts Are So Wrong On Friday, the Labor Department [announced]( that U.S. employers added a seasonally adjusted 303,000 jobs in March. That was significantly more than the 200,000 economists expected. The monthly report has consistently beaten expectations this year. The official number, showing 303,000 new jobs, is based on a survey of businesses and government agencies. A second survey of households showed 469,000 new jobs. The difference between the two surveys and the forecasts seems to be based on a bad piece of data — the size of the population. The Census Bureau provides an official estimate for the reports (shown in the chart below). The estimate shows steady increases except for annual revisions. However, the estimates don't seem to include the irregular flows of immigrants at the southern border. No one seems to know the real size of the population, and that makes it impossible to forecast employment. This is a significant problem because it understates economic growth for now and will understate the depth of the slowdown later. This points to a deep recession when it comes, whenever that is. — Mike Carr, Chief Market Technician, Money & Markets Census Bureau Estimate of New Jobs [Turn Your Images On] [(Click here to view larger image.)]( --------------------------------------------------------------- Check Out More From Money & Markets Daily: - [SUPERCHARGE WHAT YOU KNOW WITH OUR POWER RATINGS]( - [THE AI GOLD RUSH IS ON]( - [1+1 = 3 SOMETIMES]( --------------------------------------------------------------- [Turn Your Images On]( Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or [whitelist]( within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. 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