What to Buy, Now?
As technology has been falling Monday and likely today, the question is- Can I capitalize on anything now or do I wait? I think the best opportunity within technology falling is to get cloud exposure. These sectors have seen tremendous growth this year, as their purpose has been fast tracked. I still believe it is not "too late" to initiate a position, or buy more cloud exposure.
What is the cloud?
The cloud is the storage of information online that can be accessed from more than one device, around the world.
The 3 primary categories of cloud computing
Infrastructure as service: IT network powered by network connection
Platform as service: software powered by network connection
Software as service: software applications powered by network (most common)
Per the IDC, here are the countries that spent the most on cloud computing technologies in 2019
-The US – $124.6 billion
-China – $10.5 billion
-UK – $10 billion
-Germany – $9.5 billion
-Japan – $7.4 billion
The prediction by the end of 2020 was $330 billion, which I am not sure where we stand but that is a doubling of cloud spend in one year.
In summary, the cloud is the future of data storage: low cost, secure, easy/predictable updates to the system, can scale across an entire organization, or new country. As a storage system there is nothing more cost efficient, productive, however, is it not easy to keep secure.
My two favorite ETFs for exposure are:
ARKW (contains cloud exposure)
WCLD (exclusively cloud)
Favorite individual picks:
AMZN (Amazon- AWS)
MSFT (Microsoft- Azure)
GOOGL (Google Cloud-taking market share)
CRWD (Endpoint cybersecurity) *doubled revenue each of last 4 years