Technology sector is getting beaten up starting this week , the NASADAQ index is down 2% , the technology sector ETF XLK is down 2%
Leading FANG stocks are grilled
- F- Facebook – This week down 8%
- A- Amazon – This week down -2 %
- N – Netflix – This week down around 6%
- G – Google – This week down around 3%
- Momentum stock Micron down by 14%.
Every technology stocks are grilled this week, when the heat is off start eating it !
Yes, this is good opportunity to add technology stocks or ETF.
Historically in last 20 years , technology sectors are the best performers than the standard index funds. They have outperformed index funds by 100% in last 10 years. ( last 5 years of S&P 500 is 70% , but XLK technology fund is 130% returns )
The technology funds have the annualized return of 15%.
Technology is still in stone age days now , still has several hundred years to get mature level.
Disclosure – I have bi-weekly DRIP investment plan with Vanguard Information Technology ETF VGT , so technically adding on every dip.
Tech Gurus, What you think of technology is it a buying or selling now – share your thoughts with no shy !!!!