Stop Whining About Your Tech Stocks

Happy Monday everybody I hope your week is off to a great start. With Monday comes the start of another week, and a chance to hop back into the money making markets. To bring you up to speed, we are seeing some of the big tech names sell off today, which is a continuation of the trend we saw emerge last week. This is causing many investors to freak out and call for the beginning of the next market crash…….like they do every other time the market does anything but go up. Personally, I sit back and laugh at all these market forecasters because they truly have no idea like the rest of us. But nonetheless it’s used as creative click bait to drive views on their websites. So what should one do? Well, if you have a long term time horizon like me the only thing you should even consider doing (aside from doing nothing) is to considering buying more stock of the companies you own. This pullback will be a great buying opportunity as it has been every other time in the past. Are technology companies trading at a premium? Yes. Does that mean they cant continue to improve operational efficiently and trend higher? No.

Moral of the story, stop whining about your tech stocks being down. You had no problem riding them up to record highs, so toughen up and allow for some volatility.

-MD

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