The Nasdaq’s recent quick 11% slip earned the “correction” label. This alarmed many newbie investors who bought technology shares hoping they would keep heading higher.
We careful contrarians, on the other hand, welcome pullbacks like these. Being focused on income, we are now able to go shopping and secure more tech dividends per dollar.
The only “catch” is that we shouldn’t wait long to buy the bargain tech payers. Remember the Nasdaq’s bear market in late 2018? It bottomed out in less than three months.
The tech index sank even farther, much faster, in 2020, sinking 30% in just over a month.… Read more
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