My Tech Portfolio Will Crush the Market

I am a tech stock addict.

I blame Silicon Valley for my condition, which, according to my portfolio profile at Fidelity.com, is more than one-third weighted toward hardware and software. See, before I was a Fool, I was a PR consultant to some of the tech industry's top firms.

And I can't let go. I follow the Valley's best from the friendly confines of the Rockies for Fool.com and David Gardner's Motley Fool Rule Breakers service, happily committing capital when I find growth giants and misunderstood multibaggers in the making. Here are five I own right now:

Sources: Personal data, Yahoo! Finance. *Adjusted for dividends.

Put up your dukes, Mr. Market
You can see from the chart links that, with each pick, I'm already ahead of the S&P 500. I believe the winning streak will continue, and I'm content to hold all of these stocks for at least the next three years, barring any change in the underlying business that materially alters my investment thesis. Let's review my thinking for each stock briefly:

Akamai is far and away the leader in content delivery. Upstarts are apparently making it difficult for the firm to win new business in media and entertainment, yet it's Akamai and Limelight Networks that will tonight be delivering the Olympics to Web viewers around the globe.

Harris & Harris is a publicly held venture capital firm whose specialty is nanotech, which I consider to be an inevitable technology for manufacturing semiconductors and advanced industrial materials. Yet the stock trades near the net asset value of its holdings -- $5.95 per share at the end of the second quarter. The implication? Harris & Harris may never see a liquidating event, such as an IPO or a buyout, for any of its holdings. I think that's nuts. So, apparently, do the partners, who are investing right alongside me.

IBM is the top dog in tech services globally, winning big even in India, home to services stars such as Infosys. But Big Blue is also a player in software, chips, storage, and servers; it’s virtually a proxy for the entire tech industry. And still the stock is on sale.

Oracle dominates the database market despite tough competitors and open-source alternatives. Plus, in applications software, the company's acquisition strategy has allowed it to grow at the expense of SAP.

Taiwan Semiconductor, otherwise known as TSMC, is the world's largest chip foundry. Translated from tech-speak, this means that TSMC builds chips for designers such as NVIDIA (NASDAQ:NVDA). I can't see demand for this sort of service waning; a digital world needs more chips, and it's cost-prohibitive to build new chip-manufacturing facilities.

I am, therefore, challenging Mr. Market as any other portfolio manager would: My picks against yours, sir. If the blended average return of my five stocks beats the return of the S&P 500 SPDR (AMEX:SPY) over the next three years, I win. If not, well ... it'll be a huge helping of public humiliation for me, I'm sure.

Other rules:

• If I choose to either buy or sell, I have to announce my intent here first and then abide strictly by the Fool's disclosure policy and trading guidelines. Principally, this means no trading within 10 days of mentioning the stock, in any story or discussion board post, at Fool.com.
• If I change my investing thesis in any stock on this list, for any reason, I have to announce it here immediately. No fudging.
• I get to make as many bad jokes as I like, so long as all of them are at the expense of Mr. Market.

OK, hamsters, bring out the ticker tracker:

And if I lose? Well, like I said, it'll be a bucketful of crow for me. Let the battle begin.

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