Should I still invest in Tech?

Are tech stocks still the darlings of the stock market?

I remember dreaming of how much I would make if I invested in $Alphabet(GOOGL)$ and $Amazon.com(AMZN)$  having seen their stock price soar at the beginning of the year. These were seemingly infallible stocks. Google was nearing its peak of $3000 while Amazon was at $3600. Then came the fears of war and recession and these stocks never recovered. Additionally, stocks like Meta and Microsoft did not escape the fall out.

Today, Google or Alphabet is at $97 (after split) from highs of $151 while Amazon is at $93 from highs of $181 in the first quarter of the year. Despite the heralded potential for growth and strong earnings (even though they did not meet estimates), the market lost faith in them after 2 years of surging growth. Be it the end of the pandemic, the start of war or the advent of inflation, buying them now is akin to buying more uncertainty. I remember being so frustrated with Google, I sold off all my shares and bought Grab instead. It was the right decision and it taught me a lesson. When you buy that stock at its current evaluation, you expect growth and that's how the stock price will rise. Of course you can buy it for cheap (meaning below evaluation) but back then, the market was wrong (so was I). The respective tech companies could not grow more in its current climate. $Grab Holdings(GRAB)$ , in contrast, made me more profit than Google (which I sold and escaped loss).

My thoughts for the new year is: I think it's going to be a bad year for tech stocks with the pandemic now easing. I don't see how they can grow much with the rising cost of resources or if their innovations can outrun the rising costs.

But then again, you never know. With the metaverse as the next frontier of innovation, it may just tip the scales and make tech popular again.


@TigerStars  @MillionaireTiger  @CaptainTiger  

# 💰 Stocks to watch today?(28 Mar)

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  • shining87
    ·2022-11-28
    Black Friday and cyber Monday will be a major bust for AMZN! Expect a low $80s this week!
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    • Lord_Kuberan
      Wow below $80 is a steal!
      2022-11-28
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  • MengKeng
    ·2022-12-02
    answer is yes but profits would be longer
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  • ThaiGirl
    ·2022-12-02
    U shall be rewarded with some profit but not windfall.
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  • Michael8208
    ·2022-11-28
    [Great] [Great]
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    • cy8
      ok
      2022-11-29
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  • boonk
    ·2022-11-28
    Tech will lead the world with  metaverse and internet 3. 0 n 5g
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  • fishinglo
    ·2022-11-28
    Looks like Amazon will be hitting $87
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  • Yuva02
    ·2022-12-02
    Tech still a volatile option
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  • YiCheng0301
    ·2022-12-02
    This is not the end of tech winter yet
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  • LeongSS
    ·2022-12-02
    a great topic
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  • ChallengerDT
    ·2022-12-03
    yes.. best time now
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  • TEOCK
    ·2022-11-29
    Invest & hold
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  • Brrrrrrrrrrr
    ·2022-11-28
    Tech is the only way forward in the future
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  • Kat1407
    ·2022-12-03
    Hopefully will rebound..
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  • MayTan
    ·2022-12-03
    Thanks for sharing
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  • ThaiGirl
    ·2022-12-02
    Keep dreaming long enough, n u shall be r
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  • zerolih
    ·2022-11-29
    I prefer to look at the fundamental
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  • WeeSin
    ·2022-11-29
    Thanks for sharing
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  • Bulltrader
    ·2022-11-29
    not yet.await recession signal.
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  • Frodo555
    ·2022-11-29
    It will rebound
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    • Mando88
      ok
      2022-11-29
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  • YvetteGunther
    ·2022-11-28
    Go ahead. Because the chart is looking good.
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