Tech stocks are viewed as a volatile investment, but no other sector has grown as drastically. Click here to learn about the best tech stocks to own right now.
Only 54 percent of Americans own stocks. More than half of Americans are missing out on a proven way to increase their savings over time. While sometimes volatile, the stock market offers average returns of about 10 percent per year.
Big stock market crashes have made many people fearful of investing. But there’s money to be made in the stock market. Some stocks have made millions for investors. Tech stocks are a great example.
Tech stocks are viewed as unpredictable by some people. But tech stocks beat the Standard & Poor’s (S&P) 500 by 24 percent in 2017.
Are you interested in investing?
Read on for the three best tech stocks to buy right now.
Diversify Your Portfolio
The S&P 500 gained 16 percent over the past year (October 2017 to October 2018). The Nasdaq Composite, which is heavy into tech stocks, was up almost 24 percent. Tech stocks have outperformed the larger market over the last 10 years.
You should always own a diverse portfolio. This means dividing your stock holdings between different sectors. Technology profits have been great for many years. So putting some of your money into tech stocks is a good move.
A convenient way for customers to conduct business is through an app on their smartphone. Appian offers a way for any company to develop apps. The CEO and majority shareholder, Matt Calkins, wants to cut app development time by 50 percent every two years.
The solution offered is scalable for any size company. The company pays a subscription based on the number of users.
The company isn’t making a profit yet. But customer retention rate is over 100 percent. The company looks poised for profitability.
Although Amazon doubled over the last year, it’s still a good bet. Amazon Web Services, the cloud-computing arm of the company, is Amazon’s biggest earner. Technologies such as this are growing.
In 2017, year-over-year sales increased 43 percent. Between 2018 and 2021, the cloud market is predicted to double. Amazon could triple their cloud business over the next five years.
Amazon now has grocery stores, bookstores, and convenience stores. You haven’t missed the boat on Amazon. It’s still a great investment.
NVIDIA successfully capitalizes on growth opportunities. Performance for their latest artificial intelligence (AI) ray-tracing graphics processing units (GPUs) was disappointing. But there’s a solid reason.
The GPUs won’t work great until the operating systems are ready for them. This means the stock has declined which presents a great buying opportunity. The company expects the new chips to revolutionize the special effects industry.
Other visual fields such as architecture could see major changes due to the Ray-tracing chips. This tech stock could see big returns.
The Best Tech Stocks
Always research before investing your hard-earned money. Make sure your investments are with reputable companies. But don’t let fear keep you out of the stock market.
The stock market offers some of the best returns on investment for your money. These are a few of the best tech stocks right now. The market changes often.
Looking for more advice? Take a look at some financial articles here.