Tech stocks up an amazing 20% per year for the last ten years. Using VGT.
Stocks up 16% per year over that period. I wonder what a sp500 ex-tech index did. Probably around 13%. SPXT wasn't trading ten years ago.
Sometimes I think tech should be half our stock holdings.
I wonder if in a US of stagnant population growth, maybe fewer immigrants, 2% growth and unstable politics/trade pacts...the old model won't work. Most companies might not increase earnings much in that environment. Tech seems different - more growthy, because it's not just diapers and ketchup. It's new stuff.
Might be interesting to see if tech stocks in japan did better than regular stocks during that country's demographic disaster. Will be interesting to see how Japan set a model for Europe and the US, with declining or stagnant aging populations. Won't be pretty, but it won't be that bad either, if Japan is the model.
Over the last 5 and 10 years, many mutual funds held Microsoft, Apple, Google, Amazon and other high-tech NASDAQ stocks and those stocks have soared over that time. NASDAQ has taken some ups and downs but is poised to surpass all-time highs in the near future. I am sure Ghost is thinking it will retreat soon and retreat in a big way, but we can enjoy it as it lasts.