2022 has been nothing short of painful and volatile for long-term investors in the tech sector. While major indexes like the S&P 500 are only down 5.4% year to date, the tech-heavy Nasdaq index is down more than double that. Many individual portfolios might be suffering even greater losses, which can be extremely tough to endure.
However, if investors have spare capital to allocate right now, it could be wise to do so. Buying high-quality companies at unreasonably low prices could allow for life-changing returns in a decade. Global-E Online (NASDAQ: GLBE) and Sea Limited (NYSE: SE) have been hit especially hard, falling 30% and 42% year to date, despite having very fundamentally strong businesses.
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Got $3,000? 2 Stocks to Buy to Take Advantage of the Stock Market Correction