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Originally Posted by glassman
Man, soo true. My gut wants me to keep "putting in" oil, but "catching the falling knife" is the analogy that keeps coming too mind....
Since i don't know much (at all) about tech, what about an ETF for tech stocks? and opinions? and is ETF the right "term"...?
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ETF is "Exchange Traded Fund" -- so any ETF is basically a basket of stocks that represent whatever the ETF purports to represent. There's a zillion ETF's representing just about every and any segment you'd want to buy "blindly". I say blindly - because just like Mutual Funds - these ETF's own so many names in the funds that you're results get pretty diluted. I don't do ETF's.... I'd rather just look around and pick one or two good names and invested in them.
Tech to me is a wide cross of "things" to invest in... there's software names - hardware names - hybrids.... and then - while it's "tech" what is it really? Names like FaceBook? Is it "tech" or what?
For me - I'd stick to the biggest of the big. Apple - Microsoft - FaceBook - Alphabet (Google) - NetFlix etc. The reason for that is personal -- I can't keep up with all that is happening in the space that is "tech". I'm too dumb to spot the up and comers -- and it's such a broad field with just way too much information.
Speaking of Tech -- is Amazon "tech" or is it "retail"?? I lump this in the hybrid class --- because it's some of both. It's another one I'd own if I didn't rely so heavily on dividends. Personally I buy EVERYTHING from Amazon that I can.... but I don't own the stock.
If you want an ETF --- you could start poking around here --- because there's so many and they're all different!! OMG!! You want an internet ETF - bingo! You want a social media ETF - oh sure - got it! LOL
http://etfdb.com/etfdb-category/technology-equities/