👋 Who we are

Techinvestment.com is an Australian investor in technology companies.

Over the past 20+ years our portfolio has included listed stocks and unlisted/alternative investments

• technology startups via a startup incubator - call that a "valuable learning experience",
• technology startups as a Limited Partner of an Early Stage Venture Capital Limited Partnership (ESVCLP) which has invested in 26 companies and achieved an ROI of about 192%,
• our own bootstrapped technology startup: eGrants.com,
• ai and quantum computing,
• established technology companies listed on the NASDAQ, NYSE and ASX stock exchanges, and
• foreign exchange (AUD/USD) implicit in our international investments (and also acts as a hedge).

🌎 Where we invest

Our current preference for investment in USA takes into account issues such as market size and policy issues in areas of economic, monetary, government fiscal (incl taxation) and debt directions that impact on the business environment and exchange rates.

Right now these drivers continue to favour our current investment preference for large innovative technology companies addressing global markets.

Most of the largest global technology companies, ranked by market capitalisation are listed on the NASDAQ and NYSE. The only Australian company in the top 100 is BHP (#89) which is outside the scope of our technology focus, and so about 90.52% of our listed portfolio is invested in USA, and the 9.48% balance is invested in just one company: REA Group.

How our NASDAQ/NYSE portfolio has been doing

📈 NASDAQ/NYSE portfolio indices in USD and AUD currencies [28 Dec 2012 = 1.00]

🔎 What's in our tech investment portfolio

How our NASDAQ/NYSE stocks have been doing

📈 NASDAQ/NYSE portfolio stock growth (%) from initial investment to 17 Apr 2024

📈 Our Four Trillion Dollar Companies

Apple [AAPL] Our longest-held NASDAQ stock is Apple, which we bought at an average of USD 16.76 (adjusted for share splits) from 21 Oct 2010. This was shortly after the release of the iPhone 4 by Steve Jobs on 8 Jun 2010. It was our first NASDAQ investment. As a result of the iPhone's success, and the success of subsequently released products, Apple has, until recently, become the world's most valuable (by market capitalization) company (that title is currently held by Microsoft: $3.06 trillion). . On 3 Jan 2022 Apple became the first company to achieve a USD 3 trillion market valuation, up 5,800% since listing on NASDAQ on 12 Dec 1980. With a share price of USD 168.00 (adjusted for 2 share splits: 7:1 and 4:1) Apple is currently valued at around USD 2.594 trillion, and pays quarterly dividends.

Alphabet [GOOG/L] Google was our second NASDAQ investment. Google later restructured itself with three classes of shares and renamed itself Alphabet. We hold Class A (GOOGL) and Class C (GOOG) shares. Because these two classes closely track each other we only mention GOOGL in our weekly reports. Alphabet achieved USD 2 trillion status (briefly) on 8 Nov 2021. GOOGL and GOOG market caps are currently reported to be USD 1.933 trillion, and USD 1.950 trillion. Alphabet's 20:1 stock split occurred on 18 Jul 2022.

Amazon [AMZN] After buying Amazon at USD 190.90 on 20 Jan 2011, we added to it through 4 years of low growth. Amazon's value significantly increased when analysts and investors appreciated the value of AWS. On 9 Mar 2022 Amazon's board approved a 20:1 share split plus a USD10 billion share buyback. The stock split was effective from commencement of trade on 6 Jun 2022. Amazon's last closing price (adjusted for the 20:1 split) was USD 181.28 and its market capitalization is currently USD 1.883 trillion.

Meta [META]

On 12 Sep 2012 we bought Facebook at USD 20.75 (just over half its USD 38.00 IPO price = market capitalization of USD 104 billion in May 2012). On 28 Jun 2021 Facebook achieved trillion dollar status with a share price of USD 355.64. With a share price of USD 494.17 Meta's market capitalization is currently USD 1.260 trillion.

/ Currencies (FX)

/ The wild ride of the AUD/USD since the AUD was floated in Dec 1983 [History]

In 2010 the AUD was valued above parity with the USD. We concluded that this was unlikely to be sustained in the long term, and this influenced our decision to invest in NASDAQ stocks at that time. Over the next 8 years the AUD fell from USD 1.080 on 2 Mar 2012 to a low of USD 0.574 on 20 Mar 2020, substantially boosting the AUD value of our NASDAQ and NYSE stocks. The AUD has risen against the USD since then, but even at USD 0.644 today (17 Apr 2024), it remains a long way below parity.

FX issues: One of the most important issues, affecting the valuation of listed companies and the USD, is the recurring issue of USA's fiscal deficit (current and outlook), debt/GDP and public debt. Continued accumulation of fiscal deficits and debt interest into USA's debt balance and raising USA's public debt limit and FFR, must at some point, lead to an unsustainable situation. USA's Congressional Budget Office (CBO) estimates public debt/GDP is 98% in 2023, and forecasts that number to reach 119% by 2033. Fitch Ratings concludes "A reluctance to raise taxes or reduce spending makes it difficult to narrow fiscal deficits consistent with stabilizing the gross government debt ratio."

 

AUD and USD Currency Ratings

AUD Fitch Affirms Australia at 'AAA', Outlook Stable. 09 Nov 2023

USD Fitch Affirms the United States at 'AA+'; Outlook Stable. 1 Mar 2024

📆 Fitch Ratings Review Calendar