IXIC 0.88% 8,076.6 nasdaq composite

Well, they do say "buy the dip", the only problem being no one...

  1. 137 Posts.
    lightbulb Created with Sketch. 29
    Well, they do say "buy the dip", the only problem being no one knows how much deeper the dip has to dip. Investing in individual tech stocks is always risky, but less so if investing in a tech ETF. The sentiment working against the tech sector at the moment is the certainty of higher interest rates with fears of a recession, but as the FED chair has stated (as recently as today), the US economy is on a "solid footing" and can withstand these rises. However, that does mean further falls in the NDQ are not possible, but as you have pointed out, the magnitude of these falls is likely to be smaller, given the massive hits NDQ (and HNDQ) have already taken. Also, be aware that a rising A$ vs US$ can work against you, and you can use HNDQ to mitigate currency risks. If you were to take the plunge, I hope you will have picked the bottom, but be prepared for nasty surprises, and good luck...
 
watchlist Created with Sketch. Add IXIC (INDEXNASDAQ) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.