FINX - Why Your 2021 Resolution Should Be to Buy More Fintech Stocks
Many companies in the fintech sector, which focuses on digitizing banking, payments, peer-to-peer lending, and other financial services with apps, generated robust growth throughout 2020 as the pandemic throttled visits to banks and in-person payments. As a result, the Global X Fintech Thematic ETF (NASDAQ: FINX) , which holds a basket of top fintech stocks, has rallied more than 50% over the past 12 months as the NASDAQ advanced just over 40%.
Some investors might be wondering if it's time to take profits in their high-flying fintech stocks as 2021 begins. On the contrary, I believe it should be your New Year's resolution to buy more fintech stocks, for four simple reasons.
The shift from traditional banking services to versatile mobile apps has only just begun, and this secular growth story should continue over the next decade.
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Why Your 2021 Resolution Should Be to Buy More Fintech Stocks