Update September 2020
Should I invest in Technology Stocks?
They’re back!!
It may be hard to believe but unfettered excitement over investing in technology stocks has returned with a vengeance. It feels like a lifetime ago – actually, barely five months – when fear swept through the financial markets as the Covid-19 global pandemic sent the world economy into an abyss. Entire economies were effectively shut down with ramifications as uncertain as predicting the weather. Panic ensued, causing some investors to sell everything and wait out what they believed would be the worst financial crisis in more than a century. Fast forward to today and fear has been replaced with unbridled optimism over revolutionary changes to various industries that will benefit technology companies for years to come. Given this near-certainty surrounding the new direction the global economy is headed, loading up on technology stocks seems like a “no brainer” investment strategy to many. While we would agree the opportunities are vast, selecting investments within the sector is a bit more complicated.
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