Who is a technology investor?
The technology sector is vast, comprising gadget makers, software developers, wireless providers, streaming services, semiconductor companies, and cloud computing providers, to name just a few.
Consider the following before making an investment in technology:
- The beaten-down tech sector ended 2022 with six consecutive quarters of declines, but 2023 could offer an upside when the market recovers.
- The tech sector recovers faster than other sectors when the market rebounds.
- Nasdaq 100 declined 33% in 2022. But it will not stay there forever.
The following stock can potentially return 400% on your investment, if not more.
Why invest in tech now?
Investing in tech companies is like investing in value stocks.
Value investors believe that if a business is cheap compared with its intrinsic value (as measured by its P/E ratio, in this case), its stock price may rise faster than others as the price comes back in line with the worth of the company.
Technology stocks historically have underperformed other sectors during periods of rising inflation. Conversely, the group typically outpaces the broader market during falling inflation.
Technology stocks offer the potential for sizable gains, with investors usually prepared to pay a premium for future growth.
For instance, as of January 2023, the technology sector traded at 20.5 times forward earnings. By comparison, the energy and financial sectors had forward price-to-earnings ratios (forward P/Es) of 8.1 and 12.9, respectively.
Google has declined over 30% in a year because of rising inflation. What will happen to it when inflation goes down in a year or two?
Do we see the end of Google today? Will it continue to rise after the age of inflation ends?
Portfolio includes:
- 20 carefully selected companies to invest in
- Investment strategy
- Rebalancing strategy
- Exit strategy
- Risk factor
- How long should you hold the position to realize maximum gain
- How to buy stocks for investment
- How to open a brokerage account
If you are a Canadian, open an investment/trading account with Questrade and get $50 as a gift.
Apply the following code: 526528465427796
(If you open a Questrade account without a referral code, you get nothing!)
Go to Questrade and open your account.
Once you have opened an account, one of your family members can open an account using your code, and you will earn $50 each. Your $1,000 investment will grow to $1,100 with no stocks bought or sold!
The portfolio shows you how to open an account.
Open a Tax-Free Savings Account (TFSA) so the profit is not taxable.
Happy investing.
