How to Ditch Your Cable Bill and Get Paid at the Same Time…
Long distance plans. Newspaper subscriptions. Typewriter repair services.
These beasts all went extinct a long time ago. And today, we’re adding another tech dinosaur to the endangered species list: cable television.
It’s time to cut the cord.
And as you’re about to see, cutting the cord could be one of the best things you can do for your portfolio right now as we get ready to head into 2016…
Cable TV is dying right before our eyes. But television providers are burying their heads in the sand—just like we saw with newspaper publishers back in the late 90s when the internet started cutting into their businesses.
But thanks to quality content from countless non-cable sources, the cord-cutters are picking up steam. And it’s a lot worse for your local cable provider than you think…
“Television companies have been trying to reassure investors lately that the modest decline in pay-TV subscribers they’ve seen over the past year will continue at the same manageable pace,” The Wall Street Journal reports. “But new data out Thursday from eMarketer shows that cord-cutting is accelerating, driven by a rapidly expanding panoply of digital video services.”
Denial is a crazy emotion. But the numbers don’t lie. eMarketer shows that the number of pay-TV houses will decline at an accelerated pace over the next four years. And by 2019, the firm estimates that nearly a quarter of American households won’t be paying for television.
“Overall, the total number of households that don’t subscribe to pay-TV—a combination of cord-cutters and the far more common ‘cord-nevers’ who had never signed up in the first place—will hit 20.8 million by the end of 2015,” The Wall Street Journal adds.
That’s right—millennials ain’t buying cable… ever. An entire generation that will never spend a dime on cable is coming of age. And these cable companies should be terrified. After all, they aren’t giving anyone a good reason to stick around.
Think about all the trouble you’ve had with cable. Thousands of worthless channels. Internet that’s never as fast as advertised. And pricing schemes that force you to shell out more than $100 a month for the convenience of it all.
I’ve been saying it for a while, but big bad cable monopoly is slowly dying (good riddance!). And now you have the chance to cash in on some of the companies that are digging its grave…
Cable alternatives are beginning to assert themselves. The television offerings on Hulu, Amazon Prime, and Netflix (NASDAQ:NFLX) can keep even the most demanding couch potato stocked with non-stop entertainment every single day.
Of course, Neflix is the “N” in the big F.A.N.G. trade we’ve been talking about this week. Remember, Amazon and Netflix are both up triple-digits in 2015. Google us up 45%. And Facebook is sporting gains of 36%. With market breadth remaining an issue this month, we want to stick with the stocks that are leading the market.
Go ahead – cut the cord.