Tech Stocks Help Make Your Home Improvement Dreams Come True?

You’ve always wanted to live in the home of your dreams, but you just haven’t had the money to take on the home improvement project that would spruce everything up. Perhaps you want to fix your roof, build a shed, install a hot tub, or redo your kitchen. No matter what the project is, you can fund it with your earnings from tech stocks 

However, prior to investing, it’s important to know exactly what tech stocks are and how you can profit from them. Once you learn the ins and outs of these exciting investments, you can be on your way to getting your renovation done in no time.  

What Are Tech Stocks?  

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When referring to tech stocks, people are talking about stocks from companies that develop, research, and distribute technology as a product or service. Products in the tech industry include enterprise and consumer software, computers, appliances, mobile phones, and other devices. Services in the tech industry include cloud-based computing, and social media and ecommerce websites. 

Some tech giants that most people have heard of include Amazon, Apple, Facebook, Microsoft, Google, and IBM, but there are always new technology companies coming out of Silicon Valley. When they go public, typically investors gobble their stock up. While those giants have done well and are considered blue-chip stocks, many tech stocks in the past turned out to be flops. Just look at the dot-com bubble burst of the early 2000s. Many people lost a lot of money – some even lost their life’s savings – by making bad bets on an inflated market.  

However, don’t let this scare you into not investing in tech stocks. Overall, if you find the right companies with a solid history, and they’re on track to grow in the future, youre going to win big.  

Why Tech Stocks Are a Safe Bet 

Tech is one of the most profitable industries in the United States and even around the globe. With more and more technology emerging every day to keep up with the fast-paced lives we all lead, this sector won’t slow down anytime soon. When the S&P 500 closed at a record high in 2017, the companies pushing it up that high were tech companies like Apple, Google, Facebook, Amazon, and Microsoft, which made up 37% of the total gains.  

In 2018, the global tech market grew by 4%, and reached $3 trillion. The countries that are excelling in tech are the U.S., Denmark, China, Sweden, South Korea, India, and Indonesia.  

As artificial intelligence and cloud computing continue to be on the rise, more tech companies will be developing products and services revolving around these technologies, making the industry even larger.  

The Best Tech Stocks to Invest In 

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Before jumping into investing in tech stocks, you first have to research the best companies to invest in. Since you’re a beginner, you want to minimize risk while maximizing profit. 

Some of your best bets are going to be blue-chip tech stocks like Apple, Amazon, Google, Microsoft, IBM, and Facebook. Blue-chip stocks, in general, are from highly profitable companies that were reliable in the past and are predicted to be reliable in the future. You aren’t taking a huge risk, but instead just getting your feet wet with tech stocks 

Before you decide which company to invest in, look at their stock price history, the news around them, the innovations they are set to come out with, what dividends they pay, and who leads them.  

You can find the stock price history for any tech stocks on MarketWatch as well as read news about the stock market and tech industry. If you want to invest in tech stocks that pay dividends – or a share of money that goes back to stockholders on a quarterly basis – look into Apple, Texas Instruments, and Broadcom. All three are known for paying healthy dividends to stockholders. 

Once you’ve been trading blue-chip tech stocks for a while, and you’ve figured out how the market works, you can then venture into riskier options. For example, you may want to find promising small-cap growth tech stocks that have a market capitalization between $300 million and $2 billion. Historically, small-cap growth stocks have outperformed large-cap stocks, or those with a market capitalization of more than $10 billion.  

As you start trading, you’ll learn what your tolerance for risk is and whether or not you’re willing to bet on tech stocks that are not as safe. After all, you’re working towards a home remodel project, and you don’t want to lose your money for it on one bad bet.  

How to Get Started Investing in Tech Stocks 

When you’re ready to begin trading tech stocks, you can sign up for a trading platform. Some popular trading platforms include E*TRADE, which charges $6.95 per trade, Ally, which is $3.95 per trade, and TradeStation, which is $5 per trade. Each trading platform offers various benefits. While some will charge less per trade, others will offer more resources like blog posts, articles, studies, and videos where you can learn before making any investing decisions. Research each one carefully before deciding which platform to invest with.  

Next, choose the tech stocks you’re going to invest in, and how much you’re going to invest. You can start with as little as $500, but that might not get you much when it comes to blue-chip companies. After all, Amazon trades for more than $1,600 per share, and Facebook is at around $165 per share. If you want to make any sort of dent, you’re going to have to come up with at least a few thousand dollars to invest in these companies.  

Once you’ve successfully purchased stock, make sure you track the news on your tech stocks. Remember: It’s best to keep your money in for as long as you can, and cash out only when you need to, or when you’re ready to start your home improvement project. That’s how you’ll make the most profits. Perhaps you’ll be able to pay with your project with dividends alone. It all depends on how much money you invest in these tech stocks 

Once you’re in, make sure you track your tech stocks and news about the companies. You can do this by going to MarketWatch, CNBCThe Wall Street Journal, and tech-focused sites like GeekWire and TechCrunch. 

It’s also a good idea to subscribe to a stock ticker and news alerts on your phone. While you don’t need to check what’s going on every day, keeping tabs on your tech stocks on a regular basis is an important part of managing your portfolio.  

How Nova-X Report Can Help with Tech Stocks 

Along with keeping up with your tech stocks and their progress, as well as the latest news on the stock market, you should also subscribe to Nova-X Report. Nova-X Report is a subscription-based service that is delivered to your inbox and gives you the best trading tips on tech stocks. Michael Robinson, a tech industry veteran, predicts with great accuracy the tech stocks are going to take off, and he passes along the information to you in an easy-to-follow email.  

Robinson was in early meetings for the cloud computing revolution, and he was there when GM and Chrysler met and saved the U.S. automotive industry with their robotics innovations. He was also there right before CEO of McAfee learned that Intel was acquiring his company for a whopping $7.8 billion. 

With Nova-X Report, you can find and invest in revolutionary tech stocks that are also safe bets. You won’t have to worry about scouring the internet for information from a trusted financial expert, because Robinson is one. Simply open your email, educate yourself, and then make your trades. It’s that easy. 

Sign up for Nova-X Report today to start making maximum gains on tech stocks and get closer to that home improvement project you’ve always wanted to make.  

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