If buying individual tech company proves to be a hassle, costly and too much research work, going into a basket of them like this ETF may be the solution.
We are now in a resistance phase so wait patiently for it to break out with a bullish sign and then you can add some to your portfolio.
Avoid the mentality of always wanting to catch the bottom like buying at 6.50. Buying at this price make sense ONLY if it breaks above the resistance level else it can still goes into a consolidation phase for God knows how long time frame.
Thus, there is always 2 sides of the coin. Imagine waiting for months or years for it to break out , if it does break out , you would have incur the opportunity cost of not able to park the money into other places to make better returns. In retrospect, nobody knows the future and trying to time the market is nothing but a game of speculation.
We are now in a resistance phase so wait patiently for it to break out with a bullish sign and then you can add some to your portfolio.
Avoid the mentality of always wanting to catch the bottom like buying at 6.50. Buying at this price make sense ONLY if it breaks above the resistance level else it can still goes into a consolidation phase for God knows how long time frame.
Thus, there is always 2 sides of the coin. Imagine waiting for months or years for it to break out , if it does break out , you would have incur the opportunity cost of not able to park the money into other places to make better returns. In retrospect, nobody knows the future and trying to time the market is nothing but a game of speculation.