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These 5 Tech Stocks Burned Investors This Year

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We are in the middle of one of the largest bull market runs in the history of stock markets. The S&P 500, an indicator of the broader markets, is up 11% this year, 59% in the last three years and 90% in the last five years.

There will also be stocks that under-perform the market. This might be due to weak fundamentals (such as rising debt levels), obsolete tech or rising competition.

Let’s have a look at the five stocks that have tanked this year and burned investor money.

1. Flex is down 28%

Flex [FLEX] provides design, engineering, and logistics services to companies. The company’s share price has declined close to 30% in 2018.

Flex missed analyst revenue estimates in Q2 2018 and also posted earnings 7% below estimates in Q1 2018, two factors that caused the stock to plummet this year.

Market Cap:Ā $6.9B

Change:Ā -28.6%

Total Loss in 2018:Ā $2.7B

2. Western Digital

Shares of storage company Western Digital [WDC] is down 27.5% in 2018. Analysts have expressed concerns over declining memory chip prices. Lower prices are set to pressurize profit margins for WDC and peers.

These concerns coupled with declining revenue estimates in fiscal 2019 have led to a slew of analyst downgrades for WDC and driven the stock lower.

Market Cap:Ā $17B

Change:Ā -25%

Total Loss in 2018:Ā $5.7B

3. Windstream Holdings

Shares of telecom company Windstream Holdings [WIN] has been declining over the last two years. The stock fell 75% in 2017 and has declined 48% this year. The decline would have been far worse but for the 12% gain for Windstream on Sept. 14.

There have seen serious concerns about Windstream’s mounting debt levels and lackluster revenue. At the end of Q2 2018, Windstream’s total debt stood at $11B with operating cash flow of $4.2B.

In July, Citigroup (C) analyst Michael Rollins downgraded Windstream and reduced the company’s price target from $7 to $1 driven by the precarious financial position of the firm.

Market Cap:Ā $210M

Change:Ā -47.2%

Total Loss in 2018:Ā $190M

4. JD.com

JD.com [JD] is known as China’s Amazon [AMZN] and has seen a significant rise in share value over the last two years. The stock’s rise more than doubled from $20.1 in June 2016 to over $50 early this year.

Shares have however declined 35% this year primarily due to the on-going tariff war between the United States and China. However, this seems to be more of an overreaction as JD.com generates 100% of its revenue from the domestic market with no exposure to the US.

More recently, corporate governance risks dragged the stock lower this month.

Market Cap:Ā $30.25B

Change:Ā -39.3%

Total Loss in 2018:Ā $21.4B

5. Symantec

Shares of Symantec [SYMC] have nosedived 28% this year. This cyber security stock is grappling with declining revenue in a high growth market.

However, competition from tech giants like Cisco [CSCO] and nice companies such as Palo Alto Networks [PANW], Fortinet [FTNT] and Checkpoint [CHKP] have impacted revenue growth for Symantec.

Market Cap:Ā $12.86B

Change:Ā -25.5%

Total Loss in 2018:Ā $4.4B

Business

How Big Real Estate Moguls Avoid Taxes (And How You Can, Too) šŸ‘€

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I was looking around Google for an old article on tax strategies and this five-year old video of myself happened to pop up.

I’m interviewing a tax expert about how real estate investors avoid paying taxes in perpetuity—AND how everyday citizens can do the same thing.

(Real estate—our TEMPLE I and TEMPLE II projects included—has a number of tax benefits savvy investors have capitalized on for years, including Opportunity Zone breaks and 10-year tax abatements.)

There’s the 1031 exchange, of course, which I’ve shared with you guys before. 

Just to refresh your memory, the 1031 Exchange allows you to roll over gains from your last project into a new property TAX FREE—as long as said property is worth the same or more.

But there’s ANOTHER TAX LOOPHOLE that can take your portfolio to an entirely new level by splitting your capital gains into MULTIPLE properties.

So I thought I’d share it with you guys. šŸ’Ž

You can check it out here.

Let me know what you think. šŸ˜Ž

PS: In our next update, I’m going to break down how real estate moguls get paid from their properties…tax free. šŸ‘€
PPS: If you want to learn how to implement generational wealth strategies like this one, you can join our NYCE wealth academy (TRIBE U) here.

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How I run a $300M+ business from the beach…(and how you can TOO!)

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Yes, you read that right.

If there’s anything the pandemic taught us, it’s that the paradigm of ā€œofficeā€ and ā€œworkspaceā€ has been shaken to its CORE.

Universities are teaching via Zoom, court dates are done virtually, FULLY REMOTE businesses are valued at $1B+, and legitimate Inc. 5000 startups are run from…wherever. šŸ“²

This is my office for the day…

I am actually running our business from the beach, typing this from here.

It’s 4:28 pm CET, which means it’s 10:28 am EST and I am CRUSHING my to-do list.

(And the team will continue to crush it while I’m asleep. That’s the šŸ—)

So how did we get here?Ā 

We launched NYCE and our mission to create 100,000 millionaires in March, 2020…just as the global COVID-19 lockdown happened. 😳

As a result, we shut down our main office and set EVERYTHING up to run remotely…

SMOOTHLY! And a system that allows us to outperform competition by 200%. (You can build this system, too. More on this in a second.)

Here’s what we were able to do since then:

  • Gained 6M+ followers across all platforms šŸ“ˆ
  • Add 1500+ new apartments to the portfolio šŸ¤‘
  • Grow to $300M in real estate šŸš€
  • 105% investor returns šŸŽ‰
  • 700K+ community members šŸ¤

And here’s the best part…

Having team members in all the main time zones gives us a 24-hour work cycle vs. 9-5/eight-hour on-the-clock performance.

This means we get 3x the productivity of a similar company. šŸ”„

Let me repeat that…3x PRODUCTIVITY vs. our competitors.

Meanwhile our project management software grants us 24-hour TEAM-WIDE connectivity that tracks all tasks and lets us know if productivity dips even a little bit.

There is ALWAYS someone senior awake. It could be Martin in Barcelona…Nat in New York…Vineet & Arif in New Delhi.

All the while giving YOU GUYS wealth hacks and daily content. šŸ”„

OK, so how can you do it?!

Well, the first step is to have an actual side hustle you’re launching. Not just an idea, a validated business.

MAJOR KEY: Do NOT spend money until you’ve made your FIRST DOLLAR! šŸ—šŸ—šŸ—šŸ—

(You can catch a replay Business Launch masterclass here and see TRIBE member Nessa launched her business on the spot and got her first $45K client shortly after.)

One of the easiest ways to start is with Airbnb—you can start that in 10 minutes. Literally. (Here’s a guide if you need it.)

Once you have your business, you build a virtual infrastructure (you really just need two softwares, which are FREE), manage the team accordingly and run the business from there.

I’m gonna put together a step-by-step video breakdown this weekend inside the new TRIBE U on the FIVE key things you need to do this for YOURSELF. šŸ’µ šŸ’Ž

From what software to use, how to build a team, how to keep.

In the meantime, drop a comment if you’re ready to build some wealth and any questions if you want more…

Let’s get to work. šŸ™Œ

PS: If you can’t be bothered with video and just wanna get to work, we’re hosting a TRIBE U workshop that will help you get this process started on the spot. It’s $479 $49. šŸ”„

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Money

CHART: How Blockchain Powers Bitcoin

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Blockchain, Bitcoin. Bitcoin, blockchain.

The two terms go hand in hand—and have become almost ubiquitous with this year’s insane rise (and fall) of Bitcoin.

But what does it all really mean? How does it come together? In this week’s chart, our friends at CB Insights break down exactly how blockchain powers Bitcoin.

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