Keeping up with the latest tech trends can be challenging, but doing so can allow you to rake in significant returns in the long run. The problem, however, is that even if you find the next big area of tech to focus on, you also have to decide which stock to buy, since not every business involved is going to be a winner. Ultimately, you can be left with a fairly complex and time-consuming process in order to find the next promising tech stock to own.
This is where utilizing an exchange-traded fund (ETF) can be a great option. ETFs can be used to track the S&P 500 and give you a position in hundreds of stocks. They can also allow you to focus on specific themes, industries, and growth opportunities. A couple of ETFs you may want to consider adding to your portfolio if you want some great exposure to tech include the Robo Global Robotics and Automation Index ETF (NYSEMKT: ROBO) and Defiance Quantum ETF (NASDAQ: QTUM).
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