VAMO - If You've Been Burned by Tech Stocks Try These 2 ETFs Instead
Most technology stocks have been going in one direction in recent months, and it's not the one direction that Harry Styles' career went in. They've been going the other way -- down, for the most part.
Of course, bear markets are nothing new and many of those major technology stocks will come charging back and produce great long-term returns -- as they did coming out of the Great Recession and the pandemic. If you still believe in your technology stocks and nothing has fundamentally changed with the companies, don't sell, as you're only locking in losses.
But if you're uneasy about the losses and want to add some balance to your portfolio, consider an investment in a couple of exchange-traded funds (ETFs) that are outperforming the market right now -- the Cambria Value and Momentum ETF (NYSEMKT: VAMO) and the IQ Global Resources ETF (NYSEMKT: GRES) .
For further details see:
If You've Been Burned by Tech Stocks, Try These 2 ETFs Instead