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Got $5,000? 3 Tech Stocks to Buy and Hold for the Long Term
If the choppiness in the markets has you concerned, there's one thing you can focus on that will help calm any uneasiness: the long term. By shifting your focus from what will happen during the next few weeks to what will happen over the next few years, you can ignore the short-term noise driving the markets.At the end of the day, you need to ask yourself: "Will this matter in three to five years?" While the knee-jerk reaction may be, "yes," think about what was going on five years ago: COVID-19. Many people were convinced that we would never return to in-person work, but that turned out to be a mostly false prediction.However, many of the strong tech companies continued their dominance amid difficult circumstances and grew stronger despite significant headwinds. I think the market is in a similar situation today, and investors should consider scooping up these three beaten-down tech stocks that will likely be stronger five years from now.Continue reading
If the choppiness in the markets has you concerned, there's one thing you can focus on that will help calm any uneasiness: the long term. By shifting your focus from what will happen during the next few weeks to what will happen over the next few years, you can ignore the short-term noise driving the markets.
At the end of the day, you need to ask yourself: "Will this matter in three to five years?" While the knee-jerk reaction may be, "yes," think about what was going on five years ago: COVID-19. Many people were convinced that we would never return to in-person work, but that turned out to be a mostly false prediction.
However, many of the strong tech companies continued their dominance amid difficult circumstances and grew stronger despite significant headwinds. I think the market is in a similar situation today, and investors should consider scooping up these three beaten-down tech stocks that will likely be stronger five years from now.
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