Elon Musk: THIS will be bigger than Tesla
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Hello. I'm James Altucher. I've been called a “genius investor” by my fans… And an “eccentric millionaire” by some others. I think it's because I make big predictions… That tend to come true. Today, I'm revealing a brand-new prediction:
American manufacturing will leave China…
And make a triumphant return to America…
Thanks to AI-powered robots.
The technology is being developed right now. I'm talking about, among others… Elon Musk's Optimus robots. These robots are autonomous workers… Embedded with a smart “AI brain”. Musk is going to use thousands of them in Tesla factories… AI robots will make it cheaper to manufacture goods here in America than China. And they'll create new American jobs in construction, maintenance, transportation, management, and more. Musk believes the potential of these robots is almost limitless… And could soon exceed Tesla's revenues… He's even said his robots have the potential to be used in homes… To make dinner and do housework… Care for the elderly… Or even hinted at them… Being a buddy or “romantic companion” for lonely people. Now that may sound strange… (And perhaps it is.) But I've learned not to bet against Musk's vision. And this is just one of the ways AI will transform our economy and society. In fact, I now predict… Between now and March 8, 2024… Next generation AI technology will open a “wealth window”… That could be the biggest wealth-building opportunity of your lifetime. I now expect AI to be the first $100 TRILLION industry. There could be trillions available to those who get in early… Today, for the first time… I'm showing good Americans exactly what to do… Go here now to see my plan… For investing in AI during this brief “wealth window”.
P.S. If you missed out on crypto, this could be your second chance. The AI “wealth window” is opening now, but you must get in before March 8, 2024. Don't delay. See all the details you need here.
There are a lot of misconceptions about penny stocks…
Friends and family often ask me where they should put their money now.
I always answer, “Penny pot stocks…”
And then emphasize that I’m kidding.
But people do love themselves some penny stocks. Investors dream of buying a stock in the low single digits and watching it explode to double digits, making many times their money.
However, there are a lot of misconceptions about penny stocks…
So once and for all, I’m going to let you in on what is true and false about them.
Myth No. 1: Penny stocks have greater potential to double or triple than larger stocks do.
Investors believe it’s much easier for a $2 stock to become a $4 stock than it is for a stock trading at $100 to rise to $200.
Tell that to owners of Nvidia Corp (Nasdaq: NVDA)…
The stock traded at $227 in February 2023. It jumped past $700 less than a year later.
A stock’s price will have no effect on whether it can rise 10%, 20% or 100%. What matters is how much supply and demand there is for the stock.
If a small company makes a big announcement but no one is following it, it might be hard to drum up interest in the stock.
On the other hand, when an unknown company suddenly finds itself in the spotlight, the stock can rise incredibly fast.
Myth No. 2: All penny stocks are tiny companies with little revenue or profits.
There are quite a few energy companies whose stocks trade for under $5, such as Broadwind (Nasdaq: BWEN), which is profitable and growing. There are also companies like Destination XL Group (Nasdaq: DXLG), which also trades below $5 and generated more than $500 million in revenue last year.
Sirius XM Holdings (Nasdaq: SIRI) has an $18.5 billion market cap and generated $6.8 billion in revenue last year. It also trades for around $5.
Myth No. 3: Investing in penny stocks gets you in before Wall Street’s big players.
This is partially true.
Many mutual funds and other institutional investors have their own rules against buying stocks that trade below $10 or $5.
But many others do not have those restrictions. There are plenty of hedge funds and other institutional players that own penny stocks.
Myth No. 4: Penny stocks don’t pay dividends.
Most penny stocks don’t pay dividends because many are still young companies in their early growth phase.
But some do…
Sirius XM pays a dividend. So does Manhattan Bridge Capital (Nasdaq: LOAN), which trades for around $5 and pays a 9% yield.
Myth No. 5: All penny stocks are risky.
A lot of penny stocks are garbage companies. Many others are priced low for a reason.
But there are plenty of quality companies – businesses that are just beginning to gain some traction, undiscovered by Wall Street – that make for great investments or short-term trades.
If you trade penny stocks, make sure you understand the risks, the potential profit, why you’re making the trade, and what strategies you have to limit your risk, such as trailing stops.
Penny stocks can be lucrative as long as you know what’s true about them and what’s myth.
One tweet from Elon could blow this story wide open
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Take a moment right now and unlock this shocking video. I just saw this from my friend, veteran Trader Tim Bohen. He says this video details a mega trading opportunity right now, that could blow up in the weeks to come.
In fact, he says, just one tweet from Elon Musk could blow this story wide open on or before April 17th. Click here to unlock this video now, before it's too late.
