I have approx $7300, looking to buy into tech stocks in US - is it a good time now, or is recession going to hit soon so I should invest in defensive industries? - Seedly
 

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Asked by Anonymous

Asked on 21 Apr 2019

I have approx $7300, looking to buy into tech stocks in US - is it a good time now, or is recession going to hit soon so I should invest in defensive industries?

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Brandan Chen
Brandan Chen, Financial Planner at Manulife Singapore
Level 6. Master
Updated on 07 Jun 2019

There is no good time. What matters is your time in the market. Sounds cliche but this is how it works.

If you are still considering/seeking advice about buying individual stocks, perhaps you may not be ready for such investments yet. Suggest that instead of stock picking, you pick up a basket of stocks by investing into an ETF, Unit Trust, Roboadvisors etc

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Ang Yee Gary
Ang Yee Gary

on 22 Apr 2019

First you must value the tech stocks. If u are very smart and can forseen the future then you can buy those stocks that will do well in the future. Secondly, you must be patient as the valuation may exceed may be below market price Lastly u must execute the purchase