Fred Hickey: Sell Apple, buy Vietnam

Steer clear of Apple's shares and load up on youthful Vietnam, says legendary investor Fred Hickey.

Fred Hickey called the top of the 1990s technology bubble and has liked gold ever since the bull market got going in the early 2000s. This year, the editor of the High-Tech Strategist, a newsletter, gave the Barron's Roundtable his "typically astute take on the tech sector's haves and have nothings".

He's not impressed with the sector at all. Semiconductor sales are falling and this "is the worst environment for PC companies in a decade or more". Smartphone sales growth is slowing and likely government cuts are undermining an already lacklustre enterprise-IT sector.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.