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Dave mainly covers financial stocks, primarily banks and asset managers, and investment planning. He s covered mutual funds and institutional investments for Pensions & Investments, personal finance for S&P, and money markets and bonds for Crane Data. Dave has been a Fool since 2014. Follow @dhkovaleski
If you re looking for a good long-term investment, an exchange-traded fund (ETF) that s focused on the technology sector is a great place to look. The sector has driven the market to new highs for the past decade and has been one of the top-performing sectors for decades, even through periods of volatility.
As you seek out the right technology-focused ETF to invest in, know that they re not all the same. Some invest in a much broader swath of the sector, while others are more concentrated and focus on just information technology, for example, or some other area. Some look at just large caps, while others include smaller companies, too
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The year 2020, while extraordinary tough, was a different experience for everyone. Most people who complained about having less time for family spent some quality time at home. Many people gave time to their hobbies as offices relocated to the cloud. People learned to juggle work and family, putting technology to work for mundane tasks like shopping and payments. Companies learned about the benefits of virtual offices. Hence, the year was good for technology stocks. If you invested even $40 in technology stocks, those were the best $40 spent in 2020.
TFSA investing is a habit
Investing is a habit and not a one-time event. It is difficult to time the market accurately, as it is driven by investor sentiment. At the most, you can jump on the stock market rally and exit the market crash early by analyzing technical and financial indicators.