{"id":92164,"date":"2026-05-03T19:19:46","date_gmt":"2026-05-04T00:19:46","guid":{"rendered":"https:\/\/www.bricktowntom.com\/blog\/?p=92164"},"modified":"2026-05-03T19:19:46","modified_gmt":"2026-05-04T00:19:46","slug":"should-you-buy-the-dip","status":"publish","type":"post","link":"https:\/\/www.bricktowntom.com\/blog\/05\/should-you-buy-the-dip.html","title":{"rendered":"Should You Buy The Dip?"},"content":{"rendered":"
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\"Should<\/figure>\n<\/div>\n

Are you keeping an eye on the technology stock sell-off? The tech sector pulled back quite a bit recently. Is it a good time to buy into this overpriced sector? I\u2019m not sure, but I finally got over my fear of tech stocks. I avoided technology stocks for many years because I was gun shy from the previous tech crash<\/a> \u2013 the Dot Com Bubble. Back then, I was a new investor and had a big percentage of my net worth in tech stocks. When the bubble burst, my portfolio took a nosedive. Since then, I\u2019ve been a lot more conservative and avoided tech because they always seem so expensive compared to other stocks. Mostly, I invested in index funds and solid dividend stocks. This is a slow and steady strategy. Our portfolio grew steadily and we have done well over the years. However, we missed out on the spectacular gains of the last few years.<\/p>\n

Now that we are more solid financially, I can afford to take more chances. The ongoing technology stock correction is giving me the opportunity to put a little money in growth stocks. I\u2019m pretty conservative so this will be just a small portion of our portfolio, probably less than 5%. That\u2019s enough to get the blood pumping, but it won\u2019t hurt us if tech stocks stay down for an extended. Many tech stocks never reached the height they achieved in 2000. For example, Intel’s stock’s high was $75.81 per share back in August 2000. It hasn\u2019t reached that level in 22 years. Most of my net worth was in Intel back in 2000. Do you see why I’m aversed to tech companies<\/a> and tech stocks? <\/p>\n

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\"INTC<\/figure>\n<\/div>\n

Tech stocks correction<\/h2>\n

Wow, tech stocks really cratered over the last several months. Let\u2019s check on a few big names. (2\/12\/2022)<\/p>\n

NVDA<\/strong> \u2013 NVidia\u2019s 52 week high was $346.47 per share. Recently, it dropped as low as 219. That\u2019s a 37% decrease. NVidia is a good company to buy if you believe in Metaverse and gaming. They make powerful graphic cards and chips. I picked up a few shares over 2 purchases. This method spreads it out a little so the average price was around $250. I put in an order at $220, but it didn\u2019t fill. Oh well. You rarely can buy at the perfect bottom. <\/p>\n

Meta<\/strong> <\/a>\u2013 Formerly known as Facebook. Meta\u2019s 52 week high was 384.33. The price per share dropped to 220 and might go down further. That\u2019s a 43% drop so far. Meta is pushing the Metaverse hard and lost a ton of money last quarter. They also lost some users and they are fighting new regulations in Europe. I\u2019m not a big believer in Facebook so I\u2019ll pass on this stock. Also, I think the Metaverse has a long way to go. It\u2019ll take many years to get the equipment to a user-friendly level.<\/p>\n

NFLX<\/strong> \u2013 Netflix\u2019s 52 week high was 700.99. The recent low was 359.7, a 49% decrease. Yikes! I don\u2019t watch much TV so I don\u2019t know what the fuzz is all about.<\/p>\n

SHOP<\/strong> \u2013 Shopify\u2019s 52 week high was $1,763\/share. The recent low was 809. That\u2019s a 54% decrease. They are an e-commerce company. <\/p>\n

Many high-growth tech stocks are dropping like rocks. There are several reasons for this. Inflation is heating up and it will be more expensive to borrow money to fund those expensive research and development programs. Also, the tech sector has done so well that their valuations were very high. These reasons led professional wealth managers to rotate out of tech to value stocks. These value stocks didn\u2019t do as well as tech over the last two years so their valuations are a lot more reasonable. Also, they usually perform well in high inflation periods. Oh, the geopolitical issue in Ukraine isn’t helping either. That looks like it might be spinning out of control.<\/p>\n

YTD performance<\/h2>\n

The tech-heavy QQQ index has fallen about 11% since the beginning of the year. That\u2019s not too bad considering how terrible big-name tech stocks performed. Although, only the big decreases made the news. There are plenty of solid tech stocks that dropped about 11%, like Microsoft, Cisco, and Intel.<\/p>\n

In comparison, our net worth is a lot more stable because our investments are a lot more conservative. Our net worth<\/a> dropped about 2%. That\u2019s the value of a conservative portfolio. Your net worth is a lot more stable during down markets.<\/p>\n

My recent tech stock purchases are okay for now. <\/p>\n

I purchased NVidia at the average price of $250. It last closed at $239.50. Not great so far, but it’s an opportunity to average down further. I’ll put in some orders next week. <\/p>\n

I also purchased Unity Software for about $90\/shares. On Friday, it closed at 111.35. That’s not too bad at all. <\/p>\n

Tech stock will be quite volatile this year. There will be a lot of ups and downs. If there is another big correction, I\u2019ll pick up a few more shares. We still have many years until we need to sell these stocks so we can afford to wait for recovery. That’s really the key. If you can afford to wait out the volatility, you’ll probably do well by buying the dip. That’s the secret to wealth – keep investing. <\/a><\/p>\n

What about you? Did you pick up any tech stocks recently? <\/strong><\/p>\n

The post Should You Buy The Dip?<\/a> appeared first on Retire by 40<\/a>.<\/p>\n

Source: Retire By 40<\/p>\n

Republished by Blog Post Promoter<\/a><\/small><\/p>","protected":false},"excerpt":{"rendered":"

Are you keeping an eye on the technology stock sell-off? The tech sector pulled back quite a bit recently. 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