What has been going on in the technology sector since February 2021?
We can safely say that the market has been very volatile since February 2021. The market is fluctuating all at once, moving up, down, sideways and this does not benefit anyone. The tech sector, on the other hand, has been underperforming compared to other sectors in the market. The tech sector seems to be the only one getting battered with a baseball bat. So are big stocks still a good investment? Stocks like (AMZN, FB, MSFT, AAPL, INTC, CSCO, NFLX, GOOGL, etc).
Yes! Although these tech stocks have been beaten down, they are still valued at a much higher stock price. If you are a long term investor, this would be the best time to invest and buy into the stock market. Stocks prices at these giant companies will only remain low for so long. Sooner or later, they will rise again and you’ll wish you had bought more. Like Warren Buffet once said, “Be fearful when others are greedy, and greedy when others are fearful”. Why are we seeing cathie woods buy more and more tech stocks? Well it’s because she knows the market will rise again sooner or later.
Research stocks that you believe will do well in the next five to ten years, and start investing now, while the prices are still low! Come back 5 to ten years later and reap the benefits of your investment!
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